what is rational for the individual is not rational for the external system is a logical fallacy perpetrated by individuals who adopt a view of existence which is flawed.
the individual is a misnomer, the universe is one giant integral system, quantum mechanics informs us directly of this principle.
the problem is cultural, a world where everything is owned and therefore responsibility is regulated by self-interest will result in totalitarianism.
and yet there seems to be no other solution and thus the progression of the modern world as a whole toward precisely that: ownership.
but it is a misplaced hope to think that by some miraculous mechanism of self-interest a sustainable or acceptable model (to my standards or perhaps yours) should be produced thereby.
one can, therefore, only speculate that such an ordering would be preferable and it seems reasonable that despite the consequences it is preferable.
hey wont pollute the river because they own it in most cases, they have a vested self-interest to maintain, what is to them, an acceptable condition. but their definition of acceptable can vary from case to case.
whats more, they can now deprive the whole of society from the natural use of the river as a means for transit etc.
the initial concept of government is that the People own the river, the problem is that rather than the people benefiting materially as a whole…
from the ownership of the river they are in fact taxed because our government is ill-constituted and corrupt.
what if every citizen obtained a given sum of revenue from the ownership of a river? then you would have popular interest in the river motivated by market principles. but how to achieve that is the goal of government.
this is generally not possible because people exploit power for self-advantage.
without producing a culture, it is impossible to resolve any such dilemma.
the very difficult task is to produce a culture which is aware, acutely aware of such issues and has a non-monetary vested interest and the desire to defend the condition of various systems.
i think such organizations can emerge now with IT at this state, the problem is they are obstructed from active roles in policy creation, their role in policy creation often fails to consider the totality of the market, and ultimately: the existence of external markets and competition itself.

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