This worked OK when the only operators were the various national phone monopolies (Cap’n Crunch notwithstanding), but today that level of access is much easier to get and abuse, and is difficult to trace.
There are efforts to bolt-on security to the telephone network but it’s really hard.
I think it’s more likely that (over the next handful of decades) the phone network fades into obscurity as more voice calls are connected over data links which offer much improved security models.
I assume you mean Captain Crunch, not the breakfast cereal... :-)
Here's an article about it: https://www.howtogeek.com/402141/how-phone-companies-are-fin...
What your neighborhood grocery store buys from the phone company is just a pool of voice circuits, probably fewer than its extensions and even its DIDs. There is no simple circuit-number mapping like in residential telecom.
Designing federated AuthN/AuthZ for this is not simple; getting it rolled out across all the participating equipment (with many owners and service lifetimes of 15+ years) is basically never gonna happen.