Yes, it lies chiefly on our government and regulatory authorities.
Governments exist to maintain a commons in the tragedy of the commons.
The market, as well as societal trust, is a commons. People in power make individuals responsible for the commons, which creates a collective action problem, which creates a structural incapability of addressing what is best for everyone, such as being able to trust merchants.
Governments exist to maintain a commons in the tragedy of the commons.
The market, as well as societal trust, is a commons. People in power make individuals responsible for the commons, which creates a collective action problem, which creates a structural incapability of addressing what is best for everyone, such as being able to trust merchants.
https://en.wikipedia.org/wiki/Tragedy_of_the_commons https://en.wikipedia.org/wiki/Collective_action_problem