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> Insurance is socialist, even if it packaged as capitalism. What? Insurance companies (in general) are some of the most capitalistic. They teams of actuarie
by gtop3 4y ago
> Insurance is socialist, even if it packaged as capitalism.
What? Insurance companies (in general) are some of the most capitalistic. They teams of actuaries calculating risk to leverage a large capital pool to generate more capital.
- worksonmine 4y agoYes, I'm being hyperbole. But my point still stands, the view that risk should be risk-free and someone should bail you out when shit hits the fan instead of sucking it up and writing it off as a bad bet is closer to socialism than capitalism. In the US you have low taxes but have to insure against everything. In the EU we have high taxes but insurance is not a thing unless mandatory (car/home). I don't even have the latter, stupid yes, but I would suck it up and not blame it on the FED.
- tracker1 4y agoShould probably clarify as "Government (mandated) Insurance"