I dont quite get how government can control or coordinate people, and force them not to spend more than they could.
The best, maybe the only, way they can prevent their citizens from being financially irresponsible is to educate them. You’d see a lot of insurance ads in our public roads and there are advertisements in the television as well. But again, this is only what they can do. It is still up to the citizens themselves if they will follow or not.
They will soon then realize how vital it is to be financially responsible when they suffer the consequences of their actions.