I adore boxing. No other sport echoes the times of each age in American life as much as boxing does, and at it's best, there's beauty in its brutality. The truth is, though, that professional sports is probably the only place where a totalitarian governing body not only works, but is necessary. The NFL, NBA, NHL, and MLB thrive because there's structure and standards.
Until boxing gets rid of the WBC, WBA, IBF, WBO, etc and settles on one specific "league" it'll always be open to these types of travesties.