The fact that we are conditioned to believe this is how insurance works is just terrible. Insurance should be designed to only take in enough to cover the payout then an additional buffer plus operating expenses. There should be no profit built into insurance.
Ummmm...why? It's a business like anything else.
Exactly!
Exactly - the best insurance is one that takes in constant payments and never has to pay out.
If it never had to pay out why would they be offering insurance? No one would buy it.
Yes, but think of all the money they would make. Just bribe politicians to pass laws to make you buy it. Yeah Capitalism!.
What you’re talking about definitely isn’t capitalism.
Not even close!
Interestingly...it can't, which is why the only two things you named in that list that came to mind are both regulated and subsidized.
Capitalism is about using accumulated resources (capital) to make more resources. "Buying" governments is an effective strategy for that so it is absolutely capitalism. Why do you think almost every large corporation in the US does (I say almost because there is always an exception somewhere).
There is a big difference is regulated capitalism vs unregulated capitalism. In an ideal scenario regulated capitalism would ensure fair competition but not results. Unregulated capitalism often results in unfair competition and skewed conclusions as those with the most money and resources coming in "win"-- not because they have a better product buts because they had an unfair advantage.
That all depends on whether regulations are fair or not. Oftentimes regulated capitalism turns into crony capitalism. Notice how no matter which party is in power, we end up with a bunch of Goldman Sacks alumni in key positions.
Yup - regulated capitalism end goal is businesses own the government. unregulated capitalism and businesses ARE the government. Still the best we have.
Not sure if this is accurate. At the end of the 36 or 48 months and you have no intention on keeping it, you would return it to Ford Motor Co finance via the dealer. The dealer isn’t buying. And if they are, they are going to buy it from Ford Motor Co. I could be wrong through.
