Well, regulatory capture is the problem here [1]. The FCC crooks were appointed by elected crooks. If the US didn't elect crooks, we wouldn't have this FCC.
Electing crooks, of course, is a very old tradition. When it's blunt, it looks like the Credit Mobilier scandal in 1867 [2]. When it's a little more subtle, it might look like LBJ destroying Leland Olds' reputation to keep him off the Federal Power Commission [3].
[1] https://en.wikipedia.org/wiki/Regulatory_capture
[2] https://en.wikipedia.org/wiki/Cr%C3%A9dit_Mobilier_of_Americ...
[3] https://en.wikipedia.org/wiki/Leland_Olds#Unsuccessful_re-no...