You don't have much experience in it, do you? The real world peer review process could not be furher from what you are describing.

Source: I've personally been involved in peer reviewing in fields as diverse as computer science, quantum physics and applied animal biology. I've recently left those fields in part because of how terrible some of the real-world practices are.

And of course anyone with sufficient knowledge in a domain is freed from human foibles like racism, sexism, etc. Just dry expertise, applied without bias or agenda.

As they say: in theory, theory and practice are identical; in practice, they're aren't.