Technically small companies also are just employees. Risks outsourced and it can be easily killed away when the bigger company doesn’t need them anymore. That’s so fucked up and governments all around protect this behavior.
Many or most small companies have many customers - they’re not subcontracting to a single upstream provider.
In the case of small subcontractors, what you’re talking about is a necessary risk management strategy. It’s not a sneaky underhanded contrivance on the part of large companies. Its how “limited liability” is intended to work.
Of course governments protect this because it’s essential to a functional economy. You may as well complain about insurance or something.
to be fair there is a lot to complain about the existence of insurance, too
insurance is usually necessary when essential services like Healthcare are not fully nationalized/subsidized.
only exception I can think of is maybe some kind of fire or other destruction insurance, but even so it should be government provided.
There may be more exceptions i am not immediately thinking of, but basically, insurance how it exists right now is extremely fucking predatory and one of the worst things about capitalism - especially health insurance.
Health insurance is an exception amongst insurances.
The primary form of insurance is paying a third party to take on a risk on your behalf.
For example, if my business owns a truck, but I don’t want to take the risk that it might be stolen or be involved in an accident, I can pay someone else to take that risk. There’s nothing wrong with that and it’s a normal part of business.
However, there’s all sorts of weird things called insurance that are really something else. Life insurance is my favourite awful example. Some policies are ok, like I have $x left to pay on my mortgage, so I can get a life insurance policy for a similar amount and at least if I die my family will have the house paid off. Others are a weird kind of savings plan, where you pay a lot more but get a big pay out once you reach a certain age.
Health insurance in the US is obviously tangled up with politics and profiteering and is more like a complicated extortion plan than insurance.
As a general guide, any insurance you intend to make a claim on is usually problematic.
i mean, that all makes a lot of sense, and you’re not wrong, I just believe insurance ought to be a public service.
If the purpose of insurance is to spread risk so that people can still live their lives when unforeseen events happen, that benefits a country, that is a risk the government should be shouldering.
Anyway, I have found myself on a tangent. I guess fundamentally I don’t disagree with the concept of insurance, my biggest complaints are regarding the execution of it within capitalism, but you already basically said what I wanted to about health insurance in particular.
Technically small companies also are just employees. Risks outsourced and it can be easily killed away when the bigger company doesn’t need them anymore. That’s so fucked up and governments all around protect this behavior.
That’s a very narrow view.
Many or most small companies have many customers - they’re not subcontracting to a single upstream provider.
In the case of small subcontractors, what you’re talking about is a necessary risk management strategy. It’s not a sneaky underhanded contrivance on the part of large companies. Its how “limited liability” is intended to work.
Of course governments protect this because it’s essential to a functional economy. You may as well complain about insurance or something.
No, that’s not essential to a functional economy. That’s a predatory thing.
to be fair there is a lot to complain about the existence of insurance, too
insurance is usually necessary when essential services like Healthcare are not fully nationalized/subsidized.
only exception I can think of is maybe some kind of fire or other destruction insurance, but even so it should be government provided.
There may be more exceptions i am not immediately thinking of, but basically, insurance how it exists right now is extremely fucking predatory and one of the worst things about capitalism - especially health insurance.
Health insurance is an exception amongst insurances.
The primary form of insurance is paying a third party to take on a risk on your behalf.
For example, if my business owns a truck, but I don’t want to take the risk that it might be stolen or be involved in an accident, I can pay someone else to take that risk. There’s nothing wrong with that and it’s a normal part of business.
However, there’s all sorts of weird things called insurance that are really something else. Life insurance is my favourite awful example. Some policies are ok, like I have $x left to pay on my mortgage, so I can get a life insurance policy for a similar amount and at least if I die my family will have the house paid off. Others are a weird kind of savings plan, where you pay a lot more but get a big pay out once you reach a certain age.
Health insurance in the US is obviously tangled up with politics and profiteering and is more like a complicated extortion plan than insurance.
As a general guide, any insurance you intend to make a claim on is usually problematic.
i mean, that all makes a lot of sense, and you’re not wrong, I just believe insurance ought to be a public service.
If the purpose of insurance is to spread risk so that people can still live their lives when unforeseen events happen, that benefits a country, that is a risk the government should be shouldering.
Anyway, I have found myself on a tangent. I guess fundamentally I don’t disagree with the concept of insurance, my biggest complaints are regarding the execution of it within capitalism, but you already basically said what I wanted to about health insurance in particular.