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Those places has a legal system with laws, courts, lawyers and judges in order to define the limits of free speech. Is there a strong argument why that system has failed here, and why ICANN should step in and police?

See Brandenburg vs. Ohio. But I really fail to see how this tld meets that test. This is about huge corporations getting their panties in a wad when I register starbucks.sucks.

"Many places and people believe there should be limits to free speech if it's in the public good."

Those people are wrong.

So all copyright and trademarks are wrong?

Many places and people believe there should be limits to copyright and trademarks if it's in the public good.

The existence of any copyright law means there are limits to free speech.