[ExI] those damn greedy workers

Mirco Romanato painlord2k at libero.it
Tue Jun 16 19:54:28 UTC 2009

Stathis Papaioannou ha scritto:
> 2009/6/14 painlord2k at libero.it <painlord2k at libero.it>:

>> But not having the backing of the government, people would be more cautious
>> and more interested in preparing for the future. There would not be "daddy"
>> to shoulder the problem for them.

> If people couldn't insure their homes and their cars, everyone would
> be more careful. Are you opposed to insurance in general?

I'm not.
But insurances must be a private enterprise, with a rational management
of costs and incomes. They must give a service and profit from it, so
they will continue to give a service in the future.

Governments and large bureaucratic companies like GM (without a real
owner) have not the right incentives to manage rationally the costs and
to plan rationally for the future. Their personal future horizon is 3-5
years, not decades. Why do sacrifice today when the profits will be
reaped by others? Why do not enjoy today and leave the bill to be footed
by others tomorrow?

Private markets punish people that don't plan well and reward people
that planned well. The alternative is, like today, to punish people for
good planning and rewarding people for bad planning.


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