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There is a tradable financial product called a Credit Default Swap. Essentially, it's a bet that
someone does/doesn't default on a particular line of credit.
In particular, it allows a legal entity to hedge its exposure to another legal entity's behaviour
and attitude towards debt.
In a similar
vein then, the Racist Lapse Contract is a tradable contract that pays out on a legal
entity's ability to act in a racist/non-racist manner. Such contracts can be drawn up by third
parties and traded over the counter (subject to local regulation) to help mitigate volatile
amounts of racism cropping up every now and then.
[link]
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The problem is that racist is in the eye of the beholder. There would be endless squabbles as to whether a given action met the terms of the contract. Squabbles, I tells you. Squabbling. |
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Good point, some kind of index needs to be maintained
- or a set of clear and measurable conditions defined
in order for this to work - but - that shouldn't pose
too great a challenge - ok, the result may be an
inexact science - but once people have some money
invested, it ought to stimulate tighter controls and
more accurate measurement - by commoditising racism
(and anti-racism) we might be able to better control
it. i.e. by making it a commercial, rather than a
moral concern, we might be able to sort it out more
efficiently than we seem to be doing at the moment. |
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Would these be built by OCP? |
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Or more frighteningly, the Sirius Cybernetics Corporation... |
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//more frighteningly, the Sirius Cybernetics Corporation// |
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Can't even build drones you can't defeat with a towel. |
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Besides, I'm fearless... <beats chest heroically>, as long as I can have Zaphods glasses, & a Pan Galactic Gargle Blaster. |
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This is exactly the kind of idea that I'd expect your sort of people to come up with! |
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Not sure how the squabbling would be any different to the squabbling that goes on in re both whether something constitutes an Event of Default or whether something is racially aggravating. All you need is lawyers and you'll get to a solution soo^H^H^H eventua^H^H^H^H^H^H^H if you're lucky. |
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You can add sex , age, religious, weight and height, various handicap contracts. |
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If someone is crass enough to make a joke about an elder underweight overtall Jewish Asian transvestite with cerebral palsy, then your covered. |
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If you bought the right contracts, durations and biases. |
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