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Crime Futures Market, Adam White
Crime Futures Market, Adam White
Adam White
Responding to the legally guilty is typically presented as a choice between incarceration and rehabilitation. This paper suggests a third option: preemptive rehabilitation. The argument presents an innovative institutional approach and a unique moral justification. The vision is a crime futures market that transfers the risk of potential crime away from undeserving victims and into the portfolios of willing investors. Instead of taxpayers paying exclusively for prisons, the proposal would allow young adults to sign contracts to not get involved in crime, but pay the award only upon their future success. Because the contracts represent a future payment they are …