this post was submitted on 13 Sep 2024
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[–] [email protected] 2 points 2 months ago (1 children)

car and house Insurance both provide value by reducing the capital investment required to continue having an item, landlords reduce the upfront cost of housing by charging a continuous fee instead of a lump sum.

[–] [email protected] 19 points 2 months ago (1 children)

Insurance is perhaps the peak of Financial Capital masquerading as Value.

[–] [email protected] -2 points 2 months ago (1 children)
[–] [email protected] 11 points 2 months ago (1 children)

Same problem, arguably far worse. Consider reading Imperialism, the Highest Stage of Capitalism. Banks play a huge part in the dominance of Financial Capital.