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So it's better to entrust your domain rental to some possibly-sketchy corporation registered who-knows-where, rather than a registry run by a government, in the hopes that ICANN will play nice if there's a dispute?
The article does make the point that this is merely lower risk, and not zero risk, and raises quite nicely the point that all we're doing is renting a name->IP-address mapping. IMHO this is the core problem.
We ought to be able to buy (i.e. a one-time, non-recurring payment for an irrevokable mapping) domain names, but I'll confess that I can't come up with a reasonable technical scheme for making that work.
Related recent piece of this discussion:
Queer.af Mastodon instance has been shut down by the Taliban
And one about the flipside/money side of things that was omitted from the OP:
.ai website registrations are a windfall for tiny Anguilla