SVB shows that there are few libertarians in a financial foxhole

Re:SVB shows that there are few libertarians in a financial ... by gtop3 on Monday March 13, 2023 @05:11PM (#35142722)

> Insurance is socialist, even if it packaged as capitalism.

What? Insurance companies (in general) are some of the most capitalistic. They teams of actuaries calculating risk to leverage a large capital pool to generate more capital.

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Re:SVB shows that there are few libertarians in a financial ... by worksonmine on Monday March 13, 2023 @06:06PM (#35143654)

Yes, I'm being hyperbole. But my point still stands, the view that risk should be risk-free and someone should bail you out when shit hits the fan instead of sucking it up and writing it off as a bad bet is closer to socialism than capitalism.

In the US you have low taxes but have to insure against everything. In the EU we have high taxes but insurance is not a thing unless mandatory (car/home). I don't even have the latter, stupid yes, but I would suck it up and not blame it on the FED.

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Re:SVB shows that there are few libertarians in a financial ... by tracker1 on Monday March 13, 2023 @06:10PM (#35143705)

Should probably clarify as "Government (mandated) Insurance"

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