...because they're too greedy. Let's go down the list of what I've read here so far:
1a. CB radio: this band, 11 meters, was formerly an amateur radio band and was taken away to make the CB band. It became the total morass it is now when they stopped licensing it.
1b. This also shows what happens to a band in the absence of regulation and licensing. You can get away with this in the ISM portions of the microwave bands due to the massive propagation losses; this was originally the thought for using 11 meters for the CB band, but they didn't factor in amps. giant antennas, and especially ionospheric propagation: hence the need for "CB" bands up in the UHF range (aka GMRS/FRS/etc).
2. You "free band" too much and start interfering with people who actually care, and you'll find out how fast they come after you. This largely depends on what country you are in and what band. As an example, ask the Brazilian guy who was on US military frequencies in NYC, or the people regularly busted for jamming or at least operating on police frequencies.
3. As pointed out repeatedly, this has already been invented both by hams and commercially.
4. Encryption on amateur radio bands is explicitly banned in most countries including the USA and Canada; strangely, this doesn't seem to exist in the ITU regs. I'm sure the thought on this is that Amateur Radio must not be used for business or as a replacement for other communications except in emergencies; also Amateurs regularly communicate with foreign countries, so everyone wants to be able to listen to them. If you look at the preamble of the relevant section of the law, the part about "fostering goodwill" would be inherently violated with encryption. Remember, everyone getting so gung-ho with EMCOMM is a relatively recent phenomena, and the primary purposes have always been experimentation such. It's sad that newer people to the hobby and even the national organizations like ARRL/CRRL/JARL/RSGB/etc seem to have forgotten this.
5. All nations' regulations follow (more or less) the International Telecommunications Union (ITU) regulations as a guideline, though every nation usually makes changes. As long as these changes don't impact other countries, it doesn't matter much. I believe this is part of the reason the world is organized into 3 regions: Europe, Africa, and the old USSR and its satellites are Region 1, the New World including Greenland is Region 2, and the rest of Asia and Oceania is Region 3.
Oh, and just to drive home the interference point, I had to jump on ARRL's web site and these were on the front page:
http://transition.fcc.gov/eb/O...
http://www.arrl.org/news/fcc-c...