I don't believe in Imaginary Property (aka Intellectual Property). It's not what I was talking about.
Someone bought the right to use a specific domain from a specific domain name provider. It was a private transaction between two parties, freely agreed to between them.
In the specific case you're railing against, arbitration by the complaints board is just a contractual provision in that private transaction.
There is no "theft". Your whole understanding of this issue is absurd.
Instead governments and NGOs manage limited "intellectual property" rights on DNS servers everyone agrees to connect to so the internet can actually be useful and not a free-for-all. The same applies to copyrights and patents. There is no natural right to exclusive ownership of an idea or written text. These things are "naturally" meant to be copied. Intellectual property "rights" are entirely constructed by government decree.