There's too much money on the line if there is a lack of standardization and rendering/features are all over the place. I don't think it will turn that way as most users will converge on a small number of browsers.
If there is no global infra fund, there will be some type of ad-hoc board composed of some independent entities, but a lot of entities backed by large businesses. If not US then other countries as in many countries there are large tech companies aligned with government interests.
If there is no global infra fund, there will be some type of ad-hoc board composed of some independent entities, but a lot of entities backed by large businesses. If not US then other countries as in many countries there are large tech companies aligned with government interests.