In the real world, fiduciary trust isn't trust in government, it's trust in ratings agencies. Recourse to the courts won't matter if the bank or insurer is a fraud and the money is gone.
The point is, however: There is no reason not to insist on the same guarantees for government offices. There is nothing magical about trust in government or of fallible people working for government. It can be bonded, insured, and rated like any other transaction where significant liabilities may need to be covered.
The point is, however: There is no reason not to insist on the same guarantees for government offices. There is nothing magical about trust in government or of fallible people working for government. It can be bonded, insured, and rated like any other transaction where significant liabilities may need to be covered.