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[Meetup Audio] David Friedman: "Legal Systems Very Different from Ours"

Astral Codex Ten Podcast

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Converting a Crime Into a Private Good

The imperial Chinese system did in a different way, converting criminal into tort. The elegant solution they came up with was to create what was called an association for the prosecution of felons. Having paid in advance, if you didn't pay in advance, once you're the victim of a theft, you're likely to say, doing anything about this is going to cost more than it's worth. But this way you've paid in advance. It looks like insurance, but I don't think it is.

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