Here's FCC chairman Michael Powell, in a candid moment, as quoted in Wired:
"We tried to kill cable. We tried to kill long-distance. When (MCI founder) Bill McGowan starting stringing out microwave towers that threatened AT&T, the FCC tried to stop him. The FCC tried to kill cable because it was going to threaten broadcasting."
Wired writer Adam L. Penenberg isn't sure the evidence is completely damning, and concludes that getting the FCC out of the broadcast content business is enough. But the FCC's activity in that arena is a mere nuisance.
The FCC has been, and will continue to be, a bastion which retards progress in communications. If you like progress, you'd prefer to eliminate the entire agency.