I have a general dislike for the insurance
industry. My observation (from personal and collective experiences) is that they systematically abuse their privileged position in our economy and society, not unlike banks, lawyers or a whole host of similarly avaricious folks. But my main beef around this whole issue is the way we
are intentionally bamboozled and misled into seeing bogeymen everywhere. We are in such a state of fear that we willingly hand over gobs of money
to these casino-owners.
is about mitigating risk, an activity I'm all for
. Much of what we call "good seamanship" is really about risk mitigation. But effective risk mitigation means we need to rationally assessing risk. The problem is, we seem to have lost
our ability to do this here in our rich, western societies.
Remember, Risk = (likelihood of event happening) X (consequences of event)
As I posted earlier, the likelihood of an adverse event happening in boating
(based on actual data
, not anecdotes, third-person stories, or gut feelings) is very low. Most of the bad things that do happen can be effectively mitigated by taking reasonable precautions (that old good seamanship
thing again). Yes, unexpected **** happens sometimes, but unless you are sailing around the Horn, or through pirate alley, your real risk is very, very low.
But those who profit from our ignorance -- from having us live in fear -- have convinced everyone that sailing is such a dangerous activity, that we all must carry a thick cloak of financial protection everywhere we go. It's simply irrational, and ridiculous.
Please note, I'm not saying people shouldn't get insurance if they want it. Just like I'm fine with people buying
lottery tickets or going to casinos; if that's how someone wants to spend their money
, then that's just fine by me.
Just don't make me do it.