Insurance is quite a modern concept, you place your bet with a group of investors, gambling that should you need to call on the policy (bet) that they will both have the money and be willing to give it to you. Due to the disparity of power, quite often they come up with a valid excuse not to pay you, even if they have the money.
Sounds pretty much like Europe, the food mountain and the millions of Hungry people all over Europe to me ;) Last time I saw with my own eyes a "Withdrawal" from that scheme, many who could afford to get drunk lots got a number of items (through both legitimate and illigitimate means) whilst the elderly who couldn't afford to heat their homes or eat, didn't see a single item :s
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Re: Fundamental, proper and necessary roles
Date: 2/11/10 00:25 (UTC)Insurance is quite a modern concept, you place your bet with a group of investors, gambling that should you need to call on the policy (bet) that they will both have the money and be willing to give it to you. Due to the disparity of power, quite often they come up with a valid excuse not to pay you, even if they have the money.
Sounds pretty much like Europe, the food mountain and the millions of Hungry people all over Europe to me ;) Last time I saw with my own eyes a "Withdrawal" from that scheme, many who could afford to get drunk lots got a number of items (through both legitimate and illigitimate means) whilst the elderly who couldn't afford to heat their homes or eat, didn't see a single item :s