That quote comes from an AFP report that ICANN is considering allowing the creation of many new top level domains. You may want to read our own Davey Winder’s take . The perceived shortage of domain names stems from various decisions that were made when the Internet made the transition from a academic and research network to a commercial model.
Those who wanted to see the domain name space treated as a public resource that should be conserved were effectively overridden by those who wanted to strip-mine it for profit.
An example of this can be seen in the liberalisation of the .com.au space, which is still one of the more heavily regulated domains.
To read the article further : http://www.itwire.com/content/view/19006/1151/