alt Hacker News> Peer pressure and community sanctions of bad actors will result in the changes we need.
It's been demonstrated over centuries that this is unreliable. We end up needing a third party (commonly governments) to step in and establish rules and referee behavior. We wouldn't have an EPA, FCC, SEC, or many other organizations and laws if private actors could successfully police themselves.
Private actors are inevitably part of groups. Those groups need to hold the individual members accountable. That obviously doesn't work any more in SV among wealth-obsessed tech-bros. It still works in other parts of the economy though.