Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Should car insurance be private or public?

Flames in 07 · 08-04-2013, 01:54 PM

I can't think of a single good reason to privatize it. If it's so profitable, more companies will jump in and drive margins down, and so goes the free market economy. You need profit incentive out there to allow private people/companies take risks, if you don't you get state controlled business/industries that never, EVER work out.

There's nothing wrong with profit. You can choose to complain and be a victim, or you can buy shares in companies/industries that you think are making too much.

08-04-2013, 01:54 PM	#8
Flames in 07 #1 Goaltender Join Date: Aug 2006 Exp:	I can't think of a single good reason to privatize it. If it's so profitable, more companies will jump in and drive margins down, and so goes the free market economy. You need profit incentive out there to allow private people/companies take risks, if you don't you get state controlled business/industries that never, EVER work out. There's nothing wrong with profit. You can choose to complain and be a victim, or you can buy shares in companies/industries that you think are making too much.