Unfortunately, smart internet users are outnumbered by not so smart users thousands to one. And the not so smart users aren't smart enough to know every time when a website is or isn't trustworthy. So while far from ideal, the world is a much better place since we gave control of the entire internet to a few aristocrats.
Of course that argument got heavily undermined by the existence of Let's Encrypt.
They kinda sorta do if the only way to obtain a trusted cert is to be vetted by a quasi-government entity with physical paper trail of who you are. But like I said, it's not how things work anymore thanks to Let's Encrypt.
Of course that argument got heavily undermined by the existence of Let's Encrypt.