The problem is allowing an industry to police itself doesn't work. Zero adult supervision is what invites waste, fraud and abuse. All the gaslighting, smoke and mirrors about "non profits setting standards is laughable". Without actual authority driven by those who don't have dogs in the fight, nothing ever gets done.
Let's see, private industry with little to no oversight has gifted us with:
DTV conversion (complete WAFWOT and waste of public money on "converter boxes" that barely worked)
Rebanding 800MHz (been there, done that. How many years and how many billions spent?)
Infiltration of part 15 devices with no RF emission standards, CCRs on unauthorized emissions/frequencies/power levels, et al
Ever increasing spam. fraud and scam texts, teleturd calls
Rising prices on broadband, poor broadband development and rollout of infrastructure nationwide
Raising prices on mobile service, zero standards for coverage, network availability and restoration, nor any standard for truthful information on cyber attacks, outages etc.
Yeah, let the big boys of telecom run the show. It's been working out SO WELL for us as consumers since the TELESCAM ACT of 1996 was put into practice. 30 years later we have this: