<< one cannot seriously think that the way to fix things is to reimplement everything from scratch in a wild west of shady unaccountable operators

One absolutely can, but I think things have to first get sufficiently difficult for ordinary folks to even notice. Fortunately ( sarcasm tag here for otherwise perfectly normal individuals, who may be missing some caffeine in their organism ), given that the war is coming along with various related national security restrictions, we may soon be able to experience that particular slice of fun.