Wednesday, November 23, 2011

Insurance and Freedom

People once had a feeling of participation and respect for government.  Sadly with democracy, there is no break on selfishness and greed.  Only a free market can offer enough good to keep a check on the progress of evil. 

Today unregulated street vendors have respect and patronage, in violation of the law.  At the same time, restaurants in fixed locations may bribe an inspector to look the other way, and do.

In any event, there is no way inspectors can meaningfully monitor health safety in all restaurants.  They come in after the disaster.

Insurance companies can and would protect us if allowed to, if we had a free market in insurance.

If there was a free market in insurance, it would look as radically different as telecommunications looks today from pre-deregulation telecommunications in 1980.

Street vendors would buy a badge from insurance companies who covered their risk to the street vendors customers.  You’d prefer to buy from Jose, and pay 2 cents more per tamale, because he is insured by State Farm.  State Farm sets standards as condition of insurance for Jose to follow. The standards State Farm develps lowers risk faster than premiums go down, thus State Farm makes money by making the world ever safer. You eat assured your food is healthy or State Farm pays.  We need no government inspectors, Jose can self-police knowing his good work will gain him reputation and longevity.

It is good government is accelerating in its self-destruction, what with wars, covering Wall Street lawlessness, TSA and EBT cards.  We need not resist government, it is bringing itself down.

We just need to make sure that we are prepared for the United States government to fall, and the state and local governemnts as well, so we can pick up and bring spontaneous order of anarchy out of the chaos.  I hope we can have a bloodless revolution, like they do in comminist countries, such a China and Russia.  We’ll see.


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