I find it incredibly frustrating that people clearly see the need for referees in sports, but not in business. Nobody's saying that the NFL or the NBA would have better competition if there were no refs.
What your proposing is more like a league which will solidify the rules as they currently exist. An example of this is banning innovations like Aluminum bats.
"What your proposing is more like a league which will solidify the rules as they currently exist."
According to Thomas Jefferson, this is exactly what Constitution and laws are for.
Thomas Jefferson:
"I am not an advocate for frequent changes in laws and constitutions, but laws and institutions must go hand in hand with the progress of the human mind. As that becomes more developed, more enlightened, as new discoveries are made, new truths discovered and manners and opinions change, with the change of circumstances, institutions must advance also to keep pace with the times. We might as well require a man to wear still the coat which fitted him when a boy as a civilized society to remain ever under the regimen of their barbarous ancestors."
Your quote says laws should evolve with the people which lends to neither of our arguments as we're discussing how it should evolve not "if".
But more importantly, the VOC "perished under corruption" not because it was dragged to court :) It's not really fair to say that "the system" dealt with it when it obviously just succumbed over time under the inevitability of impermanence.
How they came to an end is irrelevant to whether courts are effective referees unless you believe the only fair thing is to destroy large companies.
"I hope we shall take warning from the example [of England] and crush in it’s birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength, and to bid defiance to the laws of their country."
https://books.google.com/books?id=KCFfDQAAQBAJ&lpg=PT110&ots...