Socialism vs. Capitalism, LA Edition
Wednesday, 12 Mar 2025
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The fire department is a social program. It’s not socialism.
Fire department isn’t socialism
This has nothing to do with finance. Jfc.
Insurance company refused to pay? As far as I know they **refused to sell insurance**, cause government limited amount of money the can charge and risks where to high. I don’t have problem with market regulation, but in this case this is what caused situation with insurance, nobody will sell insurance if they calculate that they will lose money, it is unsustainable business.
me when i make shit up
For Profit Issurance companies tied to the Gov’t isn’t Capitalism. That’s State Socialism.
B-b-but muh armchair economist redditors say everything is better if it is governed by the infallible, altruistic free market!
Insurance is the definition of socialism. “From each according to his means, to each according to his needs”
It’s one reason I’ve always found it funny that it tends to be a conservative industry.
Not how that works but okay
What. They didn’t refuse to pay. They stopped providing insurance because California set price controls.
No
Communism
Socialism
Wokemism
Progressives
All the same
Using this logic, I suppose it was also socialism when the fire department was severely underfunded and unable to effectively do their job?
It’s the LA fire Chief who is saying as much, anyway. Just saying that in real life bith the top and the bottom agencies listed in the meme seem to be mismanaged and poorly regulated. It’s not always capitalism vs. socialism. The most common culprit is human nature and greed.
you are completely wrong here.
the left refused to address the fire hazards which have been know for years and they ignored all the warnings from the insurance companies!
Perfect
Liberalism, when the fire department shows up and there’s no water in the hydrants
Without capitalism there is nothing.
Tunnel snakes rule!
Environmental bullshit policys is when you decide to send water to the ocean instead of the fire hydrants.
Good picture….. so which one is it when the firemen don’t arrive because the Governor and Mayor cut their budgets ???🤔
Reddit leftism is when you assume insurance companies have an unlimited pot of money even though the state government has prevented them from charging homeowners the correct price to insure the homes, given high property values and the increasing wildfire risks. And then blaming “late stage capitalism”
Given its CA fire department – I would say this is a swing and a miss
This is an idiotic post.
Thoughts? Yeah, property and casualty insurance isn’t the same as health insurance and pay out more than 85%-90% of claims. Insurance companies are the ones who pay for the vast majority of the damage after a natural disaster – for every person who had their claim denied there are, statistically speaking, about 9 others who are breathing a sigh of relief because their policy paid for their losses.
If you think companies are cancelling right before the fires then you are a victim of misinformation and should take steps to increase verify the information you see online is actually factual before spreading around bullshit. In reality, what happened was these companies just decided months ago to not renew policies, people would have been given months of notice to find coverage elsewhere but were often unable to do so because the state of California made it impossible for insurance companies to charge premiums that would match the risk and ultimately insurance is useless if the company can’t pay out claims because they went bankrupt. It’s a contract with a term like any other, just like how you can decide you don’t like the price and so you don’t want to renew; the insurance company can decide you aren’t an appropriate risk and decide not to renew the policy once they’ve given you the required legal notice. ***Any losses suffered are still covered during the notification period so people got minimum 1 month of notice to find coverage elsewhere, most companies gave people 3-6 months.*** If you were notified on December 15th that your coverage would not renew on January 15th, 2025 then a fire loss suffered on January 9th would still be covered.
P&C insurance companies make money by investing the premiums you pay, they want them to be as low as possible so you buy insurance and give the insurance company some money to invest into stocks and bonds. It’s not like health insurance where denying claims makes you more profitable – especially when you realise most states and provinces have legal caps on how much profit insurance companies can make on premiums.
Don’t firefighters have refused to save homes that declined paying their “voluntary” quotas?
i really dont know if its sad or funny to constantly see socialism being so misused in politics. it is a radical political movement but people on here call any social service some “socialist gotcha” to own the conservatives.
please, go watch some youtube videos about it.
“Act of God”.
That guy seems to pop up whenever it’s convenient for billionaires.
Funny that, huh?
Must be a coincidence.
socialism is when (good thing) capitalism is when (bad thing)
No. Capitalism is when the economy is able to build houses and fire trucks. Socialism is when government officials siphon off the tax dollars for a fire department and shove them in their pockets.
No, that’s not what’s happening. They’re refusing to *renew insurance policies*. Do you think they want to insure people in high-risk areas? Of course not. They’d literally be pissing money away. So their options are to raise their rates for everyone to compensate for all the increased risk, or they just refuse to insure them.
In socialism, the firemen would come, but they wouldn’t have a fire hose or their equipment wouldn’t work. But as a citizen, you have to keep quiet, otherwise you will go to jail and your children will be kicked out of school.
In a capitalist, democratic country with a functioning civil society, citizens are obliged for their own good to complain and vote in elections for those who will ensure the functioning of these services.
This week on Reddit I learned that national-socialism is not socialism but paying pipl with taxes to dose fire is 🗿 /s
The insurance company dropped multiple homes including in CA after their sophisticated algorithm predicted natural disasters in key parts of the US. All the while voting for and lobbying Republicans for their own personal gain even though they know for a fact that global warming exists and it’s only getting worse.
They will just uninsure the masses, fight with the ones they keep for trying to get a payout, and laugh their way all the way to the bank.
Never have I ever had an insurance claim denied
Socialism is when the government does stuff is the dumbest thing I’ve read all day.