> of course, the government could be the "unprincipled in charge" you referred to

Not specifically, but I suppose I wouldn't say that politicians are more or less principled than corporate executives. I know some would argue otherwise, but I'm too black pilled at this point to have faith in any "public servant".

Nevertheless, government regulation is probably the way to actually address these issues. Government may lock competence or will, but at least it provides us some leverage, little it may be.