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You want to choose to pay insurance for security. That is fine and a valid option. Other people want to choose to accept responsibility for their own security
by canvia 13y ago
You want to choose to pay insurance for security. That is fine and a valid option.
Other people want to choose to accept responsibility for their own security and lose the overhead from all the regulation and insurance. This is the concept of libertarianism and bitcoin.
The problem is that a small group of individuals wants to force everyone to purchase their insurance and security, and they are fighting tooth and nail to make that the only available option.
This is not a free market. This is not an efficient market. It is a corrupt artificially created monopoly.
- balls187 13y agoPerhaps it fails in that it's less efficient than an open unregulated market. And it's a monopoly. But outside of economic theory and beliefs, how is that necessarily a bad thing? The US Dollar is a single currency, so it is a monopoly, but it has allowed for the growth of interstate commerce, as opposed to allowing any institution to use it's own currency. The Euro is another example--now I know many of my EU brethren may not be happy by the Euro, but as a consumer, using a single currency while in Europe has distinct advantages.