Tuesday, April 16, 2024

1101: Government Competition and The Insurance Business

 One may think that a government for the people should stand willing to enter any business field by as much as those in it choose to loosen the competition among themselves, let alone when such business and by far the most deserving for that is already as suited or even best suited for the government as the auto and property insurance business.

How funny is it here that with things as applicable to everybody and necessary for the living as home and transportation, the idea that a portion insures the whole is the settled one while that of the whole insures itself is the contested one?

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Just did some search check to see if I missed something and it appears that no State offers its people the option to buy home or auto insurance from it. At this level of not relieving the people from such price fixing and/or not taking advantage from such a clear and direct source of revenue, how can the people here breathe while always submerged under such ocean of corruption?

People should also resist the notion presenting government involvement as if it is only applicable for either letting such price fixing or give the product or service free to everybody. And one good side effect to letting this horrible situation continues this long is that it made it easier to measure the level of the relief if a government decides to enter the competition field of this capital only dependent business market.        

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