3 ms·
Insurance is essentially gambling, which has existed since ancient times, backed by a too-big-to-fail institution, which is made possible in modernity by the jo
by btown 7y ago
Insurance is essentially gambling, which has existed since ancient times, backed by a too-big-to-fail institution, which is made possible in modernity by the joint stock corporation.
- pjc50 7y agoLloyds was historically structured as a partnership, specificity not a limited liability structure.