While "punishment" can mean "the just negative consequences of one's actions" (one's punishment for stealing a loaf of bread is to work for the grocer for a week, say), all too often it's used for vengeance or, in the case of child-rearing, preemptive and reactive discipline.
So, for what "punishment" means to society today, I think you're right on the money.
Instead of imposing a punishment upon another human being, an opportunity to negotiate for restitution emerges.
I just get echoes of my own history, ringing back a million years, when one was punished for "not listening" when I think about this.
To even consider a society whereupon such "punishment" is not only not practiced, but vilified... well, it can happen right now, within us.