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The solution is complex requiring every experts from multiple fields to solve and the ripples will affect everyone, even those that can ill afford it. And for those poor people, how does society go about choosing who to throw under the bus?
I think one thing that gets missed here, it that all rules and regulations can be bent and manipulated for one's own personal advantage. It's a part of human nature and drive to do so to gain an advantage - no matter how slim it might be.
The biggest issue that nearly everyone misses is not thinking about the longer term ramifications of "easy" solutions that seem to solve today's pressing problem. Social media can never "see" farther than the end of their collective noses. Example: the internal combustion engine and cars. 100+ years ago, it was an apparently "good" solution to the tons of horse manure being created in every city every day and it's attendant smell, disposal issues, and disease problems. At the time, who knew a bit over 100 years later it was not a good idea. It did seem to solve those immediate issues quite neatly at the time. And now many of us kind of regret it don't we?
And BEFORE you jump on me and the points I have tried to make it's not about "NOT" trying to make improved changes - changes are needed for sure. But the any changes you make must be carefully thought of and weighed against possible future unforeseen consequences as best we can. Social media platforms, (the society's "stupid" place), ain't it.