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The definition of the word arbitration has almost nothing to do with how people behave, when given the duty of arbitrator.
I say they will act as licensors and sanctioning bodies when given the duty of arbitrators.
A representative government given the job of "simply arbitrating" will inevitably not simply arbitrate, as if by some dictionary definition. It can't. It must reflect the values of the voters.
This is true even if the voters are wrong.
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