Is the idea of the Weargild something that still exist in modern society? If so, where? If not, should it?

Weregild was a value that was placed on every person and piece of property. Weregild was known as man price and was used if someone was murdered or something was stolen. The guilty party had to pay the weregild to the family and the value of the weregild was determined by social status.

Weregild disappeared in the 12th century and was replaced by capital punishment.