I see so many things wrong with this whole idea, it is difficult to know where to begin.
In no particular order:
1. Enforcement. Without LL participation, any enforcement scheme is a joke. LL is not even remotely interested in enforcing contracts, or going after fraud, except under a high degree of pressure. Why would they turn over the keys to someone else?
2. Elections. THIS is a nightmare waiting to happen. Can you IMAGINE the type of person who would WANT to be in a
SL Parliament? The thought makes me shudder. Can you imagine the advertising? In the end we would wind up with a government by the blingtards, of the blingtards and for the blingtards. No thank you very much.
3. Judicial system. As a RL lawyer, the LAST thing I want to do in
SL is to play lawyer. I get quite enough of THAT in RL. Can you imagine the type of lawyer and/or judge who would WANT to be a lawyer or judge in
SL? I would run FLEEING from these types of people and so should you.
4. Although not mentioned, unless I missed it, some sort of Alternative Dispute Resolution System like arbitration or mediation, COULD be useful, if handled right. This is where the parties ina dispute meet with a disinterested third party with some legal and/or business expertise and try to find a way of agreeing to resolve their dispute.
Completely off topic, but how does one go about getting a Trout rating? Or is someplace I really shouldn't go?
Sooz