Personally I think that corruption is an even bigger problem than having a bunch of world boxing organizations. Secret arrangements between world boxing organizations and promoters to rank some guys highly while ignoring other fighters is clearly undesirable but appears to be commonplace. Maybe there's nothing we can do about it. Here's an example:

WBO heavyweight rankings:
Champion: SERGEI LIAKHOVICH BEL
1. Wladimir Klitschko UKR
2. Luan Krasniqi GER
3. Sultan Ibragimov (Asia-Pacific) RUS
4. Ruslan Chagaev (Int-Cont) UZB
5. James Toney USA
6. Shannon Briggs (NABO) USA
7. Lamon Brewster USA
8. Samuel Peter NIG
9. Calvin Brock USA
10. Danny Williams GB
11. Alexander Dimitrenko UKR
12. Tony Thompson USA
13. Matt Skelton GB
14. David Tua SAM
15. Miguel Mollo (Latino) ITA

IBF heavyweight rankings: (taken before the recent Byrd-Wladdy fight)
CHAMPION : Chris Byrd United States
1 Vladimir Klitschko Ukraine
2 Ray Austin United States
3 Calvin Brock United States
4 Samuel Peter USBA CHAMPION United States
5 Sultan Ibragimov United States
6 John Ruiz United States
7 DaVarryl Williamson United States
8 Luan Krasniqui Germany
9 Monte Barrett United States
10 Shannon Briggs United States
11 Paolo Vidoz IBF I/C CHAMPION Italy
12 Ruslan Chagaev Uzbekistan
13 Danny Williams England
14 Kevin McBride United States
15 Eddie Chambers United States


Notice that Ray Austin isn't in the top 15 of the WBO list but #2 challenger for the IBF. Notice that James Toney is #5 challenger for the WBO while not among the top 15 for the IBF. Notice also that the IBF rankings have a preponderance of fighters from the United States (11 of the top 15 challengers) whereas the WBO does not.

This is just a drop in the bucket. It's obvious to anyone who takes a cursory look at these rankings that politics must have a lot to do with where a guy is ranked. Politics and corruption often go hand in hand. 'Nuff said!