no one who has ever interacted with a private insurance company has ever come away from that experience thinking "the only way this could be better is if everyone involved had guns and the power to confiscate everything I own"
no one who has ever interacted with a private insurance company has ever come away from that experience thinking "the only way this could be better is if everyone involved had guns and the power to confiscate everything I own"
Walter robs Marie. Marie's protection company realizes it's most profitable for them to pocket her money and deny her claim. Every company has figured this out and operates this way. It is prohibitively expensive to start a new company that doesn't. Walter and Marie die poor.
Amazing Adjudication quickly realizes that poor people can't afford protection subscriptions. It accepts kickbacks from both private prisons and protection companies to funnel the poor into jails. This is discovered 20 years later and punished with a fine of $12,000.
@VeryBadLlama Satirical novel "Jennifer Government" had scenario like that. Guy blackmailed to kill someone, goes to private police. They say "good thing you came to us. We can do it cheaper and better than you"
@VeryBadLlama Even if they did start a new company like that, it'd just be destroyed or subsumed by one of the larger ones as there are no laws or regulations to prevent that.