I suspect arbitration, as well as other modalities, can improve success for those that are able to adapt to it.
A feature of political entities is that power tends to accrue to avarice, regardless of the economy underlying society, and, while Steemit undeniably was envisioned as a thrust towards a society that transcended political machinations, I am hesitant to ascribe to it potential to do so.
Society(s) will attain to ever increasingly functional mechanisms, and Steemit is a potentially transcendent platform, but the extant obscurity of rational society is a seemingly insurmountable impediment to it's nominal evolution.
How can we go from here to attain to some sublime and ineffable society that reflects the real needs and abilities of the people of the world in just and benign policies?
If Steemit can do this, the platform will need to remain in beta while the various forces are balanced, and the opacity of both the journey, and the goal, will ensure that isn't brief.
I doubt TPTB at Stinc are prepared for that transformation, even if it's their purpose. I reckon they have more practical, finite goals that reflect their personal economic realities.