Insurance's Vicious Cycle

Insurance – especially on our homes – keeps going up. And why not? Insurance is basically a cartel, supported by the state. It’s a vicious cycle with the consumer left out except for paying the bills. Insurance people charge more saying that you’ll need the money for repairs: to rebuild that domicile the way it started out, all shiny and new. (Darn. I wish doctors could rebuild me the way I started out.) So therefore, the repair people can charge more to rebuild it that way. So therefore, the insurance people can charge more to rebuild it that way. So therefore, the repair people can charge more to rebuild it that way...

You see where this is going? Up, up, and a-way up. What’s the solution? Well, think about it. Everything – and I mean everything – that government people “regulate” ends up costing more and more. So get them out of it. Let that free market – to which they all like to give lip-service – work. Let the consumer decide what value they’d assign to their houses and other property. Otherwise, it’s just a victorious cycle, with no victors but the meddlers.