Oh yes sure. The current system could also work without all the current issues... But who of the parties that control or profit from it now would want a change? Why give up control? Why renounce fees?
To change it, at least one competing system is required to put the pressure the current system. It will not change from the inside.
To change it, at least one competing system is required to put the pressure the current system. It will not change from the inside.