Not many of us can imagine a world without insurance. We hear the word “insurance” and, immediately, think of it as a necessary or required expense – something we simply must have to protect our interests in today’s world. And, it’s a given that we must have at least several of the many different forms: Life, Health, Home, and Car, with numerous other types available to meet our perceived needs, from floods to disability. The insurance industry is one of the richest industries in the world – a stalwart of the capitalist system – with total revenues topping a trillion dollars annually.
Insurance, in the simplest definition, provides financial protection against loss in return for the payment of a premium. The concept has been around for centuries. First practiced by ancient Chinese and Babylonian merchants four thousand years ago, then further refined and developed by wealthy Greek and Roman merchants as a means to insure their goods – their financial interests – against loss. The forerunners of life and health insurance were created by the Greeks, around 650 B.C. – ‘benevolent societies’ whose purpose it was to care for families, and pay funeral expenses, of deceased members. Guilds provided a similar ‘service’ throughout the Middle Ages. Opportunists furthered the transition to today’s forms of insurance, where after catastrophic events, such as fires that wiped out thousands of houses, they set up offices where people could buy fire insurance for their homes. I sometimes wonder if the same people who invented our fractional banking system, where money is created out of thin air, got together with their rich friends and saw the almost unlimited income potential that insuring the financial interests of others would bring, and decided: “OK. You guys make the money up, and we’ll make them all afraid they might lose what they got with what you made up, so they’ll give us a lot of their money – much more than we ‘need’ to ‘protect’ what they think they have…and we’ll all make a Lot of Money” . The whole concept of insurance was created from a point of profit and greed, capitalizing on the fear of loss. And not much has changed since its inception.
I sold life insurance for a while, part time, twenty some years ago, and studied and learned a lot about insurance. I could see how the insurance industry had bilked the middle class and marginalized out of billions, selling them products designed to make huge profits for the Insurance Companies. And they’re still doing it…
The good news is: that the entire insurance industry will be unnecessary in the future. Once an Equal Money System is implemented, where everyone is guaranteed the basic necessities of life – healthy and nutritious food, a safe home, access to clean water, equal access to education and, equal access to healthcare – there will simply be no reason for insurance to exist.
(This is where the armchair economist might say: But, you’ve gotta have insurance. What if this? What if that?)
Consider, that in an Equal Money System, No decision will ever be made in the interest of profit or greed and, that Every decision Will be subject to the scrutiny and approval of but one single rule – What’s Best for All. If it’s Best for All, then Common Sense tells me that it’s Best for Me, too. And, by eliminating the fear of survival – knowing that there’s no need to ever have to worry about things like: ‘putting food on the table’ or, ‘making sure my family is taken care of if something ever happened to me’ – we no longer need insurance. Everyone’s needs will always be ‘taken care of’. And if some catastrophic event should happen that might destroy someone’s home, it will simply be rebuilt – and what was lost, will be replaced. Every aspect of Health Care will be provided to All. And, No One will Ever have to ‘struggle’ to survive. The Equal Money System supports All, all of the time.
The value of money will be based on Life. Nothing is of more value.
If you dare to care, investigate the Equal Money System @ equalmoney.org and join us on the Equal Money and Desteni forums for discussion. You can assist in bringing about a change in you, and in this world.
And, check out: Freedom Blogs – The birth of Practivism – Volume 1; Equal Money – The Future of Money – Volume 1; and, What the FAQ is Equal Money System – Volume 1. All are available at the EQAFE Store along with many other self-supportive products.