Well for a start, it assumes good faith on the part of the participants, rather than the default assumption of bad faith and corruption you'd like to project.
There are also built-in controls in the form of reviews and appeals.
And more generally, humans are squishy and imprecise, trying to apply precise, inflexible, code-like law to immensely analog situations is not a recipe for good outcomes.
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Well for a start, it assumes good faith on the part of the participants, rather than the default assumption of bad faith and corruption you'd like to project.
There are also built-in controls in the form of reviews and appeals.
And more generally, humans are squishy and imprecise, trying to apply precise, inflexible, code-like law to immensely analog situations is not a recipe for good outcomes.