Yes! But in a way that works via consensus and that doesn't establish unnecessary hierarchies. For example, you could have people coming in voluntarily agree to the penalties and have the primary stakeholders vote on penalties.
It often seems to me that when talking to people about alternative mechanisms for organizing society we end up just rediscovering our current systems from first principles. At times it feels silly but I think it's a great technique for educating.
I try to do this at work when a new engineer tries to argue that the current system is overcomplicated and there is an easier alternative. Just ask questions, point out edge cases and watch them gradually rebuild the current solution.
Doesn't always work, sometimes the current solution actually sucks. But more often than not they come to understand that by the time they're finished ironing it the details, their proposal is not meaningfully different from what we have.