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StRev comments on Constructing fictional eugenics (LW edition) - Less Wrong Discussion
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Price in the prospective offspring's likely future externalities and liabilities in addition to their productivity. Assume that future institutions will become very good at capturing that information.
I find that much harder to believe in than a culture which accepts eugenics, especially considering that which traits are valuable may change in unpredictable ways as a society changes..
It's not so much that finance markets are good at pricing those things as that they're very, very motivated to aggregate as much knowledge as possible, as quickly as it becomes available. Leaving an investor on the hook for the child's future likely medical expenses/criminal liability/etc. seems more ethical to me than simply giving them a claim on the income stream, and it addresses the sociopathy problem.
There are horrific implications, I sketched some of them further down the comment thread, but they have direct analogies in the way things are horrible in actually existing markets.
I'm not seeing that comment.
Here , but in short: Human beings as the underlying asset of derivative financial instruments, establishing a social norm of 'nice', progressive indenture. Buying out your own bond, i.e. self-emancipation, putting you at risk of being charged with insider trading.