₦airaland Forum

Magnoliaa:
Ehen? 😲


This is new to me.



Meanwhile, in his teens, he was flying in a private plane with his dad to go check out an emerald mine he (Errol) own shares in.

https://archive.ph/wDkxG

But fan boys go wan wound us with defenses and attacks, and 'grass to grace' tactics.

Most of these tech moguls stories are an open book.

But grass to grace University will start changing it up.

That is how someone shared a story on WhatsApp where bill gates told an employee my father was a woodcutter. Or how during my IT back in 99 someone said authoritatively that dangote started as a port rat.

Someone has made millions or billions and therefore the person must be a special breed or different from other people.

When sometimes the answer is just the person was not greedy enough. Someone created the mp3 file. Someone created the smiley. Someone created the small pox vaccine. Jimmy wales made Wikipedia free. So did the guy who made the vlc player.

And it is precisely because these things were made without greed that they are so successful today.

I can only imagine today's oligarchs overseeing the design of the ak47.

Magnoliaa:
This. 😂

And I know that's something they like to do and say well - pointing out the flaws of one system does not automatically mean co-signing another system or saying that it the best thing since sliced bread.


I mean, "everyone" has to work. That's a given. Working is normal. The exchange of goods and services for money to live is like one bedrock of society. You cannot opt out of it, and if you do, there are consequences for it (unless you're a trust fund kid of course).

My own is just for them to admit that the very many downsides of a capitalistic society are man-made or artificial. Intentionally created. And that parroting the "hard work = success and higher income" and related-lines is fool proof.


Also, not everyone wants to take over the world and the solar system. No everyone wishes to live in an hypercapitalist state or be an oligarch (it is not even possible per their own beliefs), but at least standard living, healthcare, food, housing should be affordable to everyone. That some people do not have access to these or other little comforts of life, hobbies, is not (always) the personal/moral failing they are painting it out to be.

You’ve said it all. The last paragraph is beautifully written and I wholeheartedly agree. Take a boy whose parents are educated and in a loving marriage and compare his life chances to a boy‘s who grows up with alcoholics without education in a house where domestic violence is the order of the day. The first boy will have a much richer vocabulary by the time school starts and will be able to concentrate whereas the other one will struggle not to fall asleep having witnessed his parents fight all night. Equal chances indeed.

cococandy:
Oh Gerard has justified/excused racism on here severally.

So I’ve no doubt he would sure as hell have been on the side of the colonizers because ✨cApitLisM✨. With excuses like “who’ll plow the fields of cotton if manufacturers can’t have slaves?”

🙄

Most times u just scroll past his comments.

Mr Gerrard didn't justify racism. That's like saying he justified snow or rain. Come on. Humans are NATURALLY racist and everyone knows it. And since this is actually a Trump is President-Elect thread, let me add that Mr Trump is not a racist either.

Accusing people of racism is losing its sting. It's been used to brow beat people and extract undeserved concessions and those targeted are getting tired of it and the results are showing.

The Democrats and liberals excuse illegal immigration because it provides labor for hard & dirty jobs. It's a MAJOR argument for them. It was Democrats who also justified Slavery in the South and they asked the same question about who will pick the cotton. We can do better.

Black South Africans on average have higher HDI than Nigerians living in Nigeria.

Black Americans are richer and have higher HDI than Nigerians living in Nigeria.

Nigeria contains 25% of the world's Negro population and in 2018 overtook India as the Poverty Capital of the World.

Haiti and Dominica Republic are two independent countries on the SAME ISLAND. Haiti at one point conquered and colonized Dominica. Today Haiti is a hellish failed state and Dominica is a stable, livable nation that constantly has to EXPEL Haitian refugees.

There's not a SINGLE Black dominated nation state that exemplifies high HDI and prosperity. Racism & Colonialism doesn't explain all that.

Good Luck to Nigerians.

cococandy:
Sorry Ibe I hate to break it to you that the improvement in your life doesn’t mean anything if a simple medical bill or ICU stay can render you bankrupt & homeless. Because both your lives got better in the time frame doesn’t mean the liberal capitalism worked in both you guys favor.

On this, I want to make it clear that there's no solution for healthcare in modern society. This is something I've stated REPEATEDLY on this forum. When it comes to healthcare, I don't know much. Because healthcare is not subject to VOLUNTARY demand, free market and economic principles can't be applied. In the long run, nothing works for healthcare in any country under any system. Unfortunately.

Good Luck to Nigerians.

IbeOkehie:
Mr Gerrard didn't justify racism. That's like saying he justified snow or rain. Come on. Humans are NATURALLY racist and everyone knows it. And since this is actually a Trump is President-Elect thread, let me add that Mr Trump is not a racist either.

Accusing people of racism is losing its sting. It's been used to brow beat people and extract undeserved concessions and those targeted are getting tired of it and the results are showing.

The Democrats and liberals excuse illegal immigration because it provides labor for hard & dirty jobs. It's a MAJOR argument for them. It was Democrats who also justified Slavery in the South and they asked the same question about who will pick the cotton. We can do better.

Black South Africans on average have higher HDI than Nigerians living in Nigeria.

Black Americans are richer and have higher HDI than Nigerians living in Nigeria.

Nigeria contains 25% of the world's Negro population and in 2018 overtook India as the Poverty Capital of the World.

Haiti and Dominica Republic are two independent countries on the SAME ISLAND. Haiti at one point conquered and colonized Dominica. Today Haiti is a hellish failed state and Dominica is a stable, livable nation that constantly has to EXPEL Haitian refugees.

There's not a SINGLE Black dominated nation state that exemplifies high HDI and prosperity. Racism & Colonialism doesn't explain all that.

Good Luck to Nigerians.

It must explain all that o.
It's exactly why I said buda's post is nonsense and he is pained.

GloriousGbola:
'excessive government regulation is why the insulin is $90? are you saying the other countries in the list do not have regulation?

https://en.wikipedia.org/wiki/Tiopronin

na govt regulation lead to increase of price of a drug by over 2000% ? courtesy of greed is great pharma bro Martin Shrinkeli?

jacking up the price of life saving medicine that will pay for itself 100s of times over is what we are looking at? i can even understand jacking up the price of a drug like viagra - which does not really do anything and can be marketed as lifestyle medication.

powerful govt regulation leads allegedly leads to $90 insulin, but cannot counter fenatyl abuse?

the irony is you are a nigerian from a country where government regulation is non existent. where people die from fake or adulterated drugs, where companies are complicit in drug abuse epidemics. you know from direct experience the need and importance of regulation and what is at stake

it is oyibos who have lived a good life for decades who can take institution for granted and assume that if the institutions do not exits things will still work. you as a Nigerian, know better , even if you want to toe the line for reasons,

There are people who will always abuse a good system and capitalism is not immune from that. It has actually put in place guardrails fr this and capitalism orks hand in hand with competittion and not monopolies. If people like Skhreli who want to jack up prices unreasonably meet competition who priced their products reasonably then market will either force Skhreli out or he adjust his price

You can Burger King can sell their sandwich for $100 all they want if others sell for $10. They will have to adjust or get out of business

Actually Nigeria have regulations too only that they are "optional and can be bought or bypassed"

IbeOkehie:
On this, I want to make it clear that there's no solution for healthcare in modern society. This is something I've stated REPEATEDLY on this forum. When it comes to healthcare, I don't know much. Because healthcare is not subject to VOLUNTARY demand, free market and economic principles can't be applied. In the long run, nothing works for healthcare in any country under any system. Unfortunately.

Good Luck to Nigerians.

@bold, using inpatient care for example, a nurse manager is encouraged to run the unit with skeleton staff. The pay that would have been given to 4 extra nurses to keep patients safer goes up to the c-suite. Maybe she saved the CEO half a million dollars in the unit’s operating cost by doing that. So she gets a bonus.

Replicate this per unit, per floor per hospital per Region and the CEO ends up saving hundreds of millions to billions each year in operating costs. Who pays the price? The patient does. Older patients are falling, medication errors are happening, deteriorating patients are not seen on time until they’ve suffered irreparable damage. This is the norm in most hospitals hence there’s always “nursing shortages”. It’s because they put profit over humans.

Now I work for a unionized corporation where the union insists on fair cost of living compensation for all the staff and appropriate staffing to ensure patient safety.

Surprise surprise, The corporation still makes billions each year. Yes they could have made more if their greed was left unchecked. But they are happy. The staff is happy. The patients are well cared for. Why isn’t this replicable in other parts of the country? The answer is republican propaganda.

Let’s not say there’s no solution. It’s right there in front of our eyes.

IbeOkehie:
Mr Gerrard didn't justify racism. That's like saying he justified snow or rain. Come on. Humans are NATURALLY racist and everyone knows it. And since this is actually a Trump is President-Elect thread, let me add that Mr Trump is not a racist either.

Accusing people of racism is losing its sting. It's been used to brow beat people and extract undeserved concessions and those targeted are getting tired of it and the results are showing.

The Democrats and liberals excuse illegal immigration because it provides labor for hard & dirty jobs. It's a MAJOR argument for them. It was Democrats who also justified Slavery in the South and they asked the same question about who will pick the cotton. We can do better.

Black South Africans on average have higher HDI than Nigerians living in Nigeria.

Black Americans are richer and have higher HDI than Nigerians living in Nigeria.

Nigeria contains 25% of the world's Negro population and in 2018 overtook India as the Poverty Capital of the World.

Haiti and Dominica Republic are two independent countries on the SAME ISLAND. Haiti at one point conquered and colonized Dominica. Today Haiti is a hellish failed state and Dominica is a stable, livable nation that constantly has to EXPEL Haitian refugees.

There's not a SINGLE Black dominated nation state that exemplifies high HDI and prosperity. Racism & Colonialism doesn't explain all that.

Good Luck to Nigerians.

Don’t intentionally misrepresent the parties. The democrats of the slavery era are the republicans of today. Everyone knows that those ideologies have shifted. Except you’re banking on non American Nairalanders not knowing that. So you’re using it in your argument. That’s not sincere.

And I disagree, racism is still a relevant factor in economics, therefore a racist person can still be credibly accused of racism without it being “self victimization” or whatever you guys like to call it.

Other than that, carry on.

Although I feel at this point, the conversation has been beaten to death. So I bid you good day.

If anyone has seen those drones/UAPs/UFOs, pls share for our viewing pleasure.

cococandy:
Someone is paying for it alright. People are paying with their lives. Not to mention the actual money the clients are putting into their insurance policies only to be told they can’t be covered because it will reduce crooked CEO compensation.

But financially, It would be paid for, everyone would be covered and they’d also make profit if they curtailed their greed only a fraction. Just a fraction.

You disagree. I’ll let you be. I don’t think I can convince you.

The CEO has earned hs compensation just like a Nurse, A doctor a Gateman and a Neurosurgeon. No need checking someone's wallet and claiming its too much. That is envy. What you take home to some people is too much. Yet they are not willing to do or go through what you went through to earn that income

If its about keeping people alive then we can ask everyone involved to work for free, CEO reduce, Doctors reduce salary, Nurses reduce salary, Gatemen reduce salary, Power company reduce charges, rent reduce, ambulance drivers reduce. So they wont play with peoples lives
If the Doctor Nurse, CNA Pharmacist dont get paid what they believe they earned and deserved, will they continue working to save these peoples lives?

I don’t know how after so many posts you’re still at this conclusion.

No CEO compensation that’s earned from denying clients healthcare is worth it. No compensation earned from cutting back manufacturing safety regulations so that consumers are at risk of harm is worth it.

If we continue like this, we’ll have skyscrapers collapsing in the cities because the construction CEO wanted to save some extra bucks. If you’ve justified sick people not getting healthcare because it’s business and the company has to profit somehow, then I won’t be surprised if you find a way to justify that too.

We don’t care what anyone earns legitimately as long as it’s not to the detriment of others, their pain, suffering and death.

I feel like I couldn’t be clearer. So it’s reasonable for me to think that you’re intentionally committed to misunderstanding me. I’ll stop engaging here on out.

Maybe on a different topic I will.

raumdeuter:
The CEO has earned hs compensation just like a Nurse, A doctor a Gateman and a Neurosurgeon. No need checking someone's wallet and claiming its too much. That is envy. What you take home to some people is too much. Yet they are not willing to do or go through what you went through to earn that income

If its about keeping people alive then we can ask everyone involved to work for free, CEO reduce, Doctors reduce salary, Nurses reduce salary, Gatemen reduce salary, Power company reduce charges, rent reduce, ambulance drivers reduce. So they wont play with peoples lives
If the Doctor Nurse, CNA Pharmacist dont get paid what they believe they earned and deserved, will they continue working to save these peoples lives?

raumdeuter:
They have their own metrics for approving and denying. The way they have denied some, they have also approved many and saved many lives

If it's easy you can dump them and get other insurance or form your own insurance where you approve everyone and see how long you last

Insurance has denied my claims before many times and I was pissed. During a winter freeze one of my houses pipe froze and caused a leak. I had to fix it for a certain amount and lodge tenant in a hotel. I filed claims they told me I haven't met the deductible. I cursed them under my breath and moved on
I knew they were right based on what I signed up for.

It's business, when I run my own business I will state what I also want and get people to comply

This exact thing happened to me but with a twist. The insurance company, Allstate actually, approved my claim for a burst pipe. But then said I would lose my long term customer discount if I pursued the claim. I've been with them for all my insurance needs since I set foot in this country and had never made a single house insurance claim. Get it? Make a claim and the premium will increase. I was weak I swear.

So I jejelly paid for the repairs. Then I went and shopped around for other insurance. I went to at least 7 insurance companies and I couldn't get a lower price. So I'm still with them today And I put some money together and bought Allstate stock and it's been an excellent investment. This USA is a wonderful country

cococandy:
Don’t intentionally misrepresent the parties. The democrats of the slavery era are the republicans of today. Everyone knows that those ideologies have shifted. Except you’re banking on non American Nairalanders not knowing that. So you’re using it in your argument. That’s not sincere.

The Democrat Party is the same as it has always been. It thrives on suppressing and exploiting the less privileged people in our society....it's not necessarily about race, it's about power. They exploit the plight of the helpless and less powerful and use it to ride into political office.

Good Luck to Nigerians.

raumdeuter:
America is a way better society having these Bezos Musk etc in it and it's why other innovators are attracted to America

Nigerian immigrants complaining about America is soooo tacky. It's like that foolish Congresswoman from Somalia, she came to the USA as a refugee. What's her name? Ilhan Omar, she said in a speech that the American system is evil and she wants to change it

I just weak.

Good Luck to Nigerians.

IbeOkehie:
Nigerian immigrants complaining about America is soooo tacky. It's like that foolish Congresswoman from Somalia, she came to the USA as a refugee. What's her name? Ilhan Omar, she said in a speech that the American system is evil and she want to change it

I just weak.

Good Luck to Nigerians.

So what you do when you’re criticizing the democrats for running the govt the way you don’t like AKA complaining about America isn’t tacky?

It’s only tacky when someone else does it? 🙄

IbeOkehie:


This exact thing happened to me but with a twist. The insurance company, Allstate actually, approved my claim for a burst pipe. But then said I would lose my long term customer discount if I pursued the claim. I've been with them for all my insurance needs since I set foot in this country and had never made a single house insurance claim. Get it? Make a claim and the premium will increase. I was weak I swear.

So I jejelly paid for the repairs. Then I went and shopped around for other insurance. I went to at least 7 insurance companies and I couldn't get a lower price. So I'm still with them today And I put some money together and bought Allstate stock and it's been an excellent investment. This USA is a wonderful country

so you are paying for a service and being deliberately ripped off. customer is definitely not king here - more like a serf

and that is likely one of the key kpis set by the ceo - deny delay defend.

but it is great for shareholders who get value and bad for paying customers who get fked

is that what capitalism is today - being cheated when you pay for a service - and this is something to celebrate?

https://www.insurancebusinessmag.com/us/news/breaking-news/allstate-reports-1-2-billion-net-income-in-q3-2024-512113.aspx

The Allstate Corporation released its financial results for the third quarter of 2024, showing a revenue increase of 14.7% to $16.6 billion compared to $14.5 billion in the same quarter last year.

Year-to-date consolidated revenue reached $47.6 billion, up 12.6% from $42.3 billion in the prior year. Net income for common shareholders was reported at $1.2 billion for the quarter, rebounding from a loss of $41 million in Q3 2023, while adjusted net income reached $1 billion compared to $214 million in the prior-year period.

this is where their growing profits are coming from - shafting you. so what would have been the difference if you had not paid this insurance all this while? NOTHING. you effectively paid allstate for years and when it was time for you to make a claim - a claim in which you were not at fault in any way - they strong armed you and brow beat you.

_{you were basically fked by them and told to take it}


now take your issue which was mostly inconvenience and substitute it with a life or death scenario - maybe one involving life changing injury - and you are still being given the run around

and your experience is more and more the average customer experience today. how else can they increase revenue?

but hey capitalism and greed is good and more returns for sharholders

DEI DEI DEI!!

He “felt weak” when it happened and decided to join the game by buying shares. Good for him.

Imagine if he was needing life saving treatment and in no position to buy stocks or shares? Would he just say “well I understand it’s business as usual”. I doubt that.

He said he didn’t understand how healthcare works. I gave him a real everyday example of how profits are made. Managers compete to see who can run on the most skeletal staff. What should we tell the patient who wasn’t supposed to die but did because his nurse had 6 other critical patients when she should’ve had only four? “Suck it up in the grave buddy. That bottom line is too important?”

I don’t understand how they’re thinking.

GloriousGbola:
so you are paying for a service and being deliberately ripped off. customer is definitely not king here - more like a serf

and that is likely one of the key kpis set by the ceo - deny delay defend.

but it is great for shareholders who get value and bad for paying customers who get fked

is that what capitalism is today - being cheated when you pay for a service - and this is something to celebrate?

https://www.insurancebusinessmag.com/us/news/breaking-news/allstate-reports-1-2-billion-net-income-in-q3-2024-512113.aspx



this is where their growing profits are coming from - shafting you. so what would have been the difference if you had not paid this insurance all this while? NOTHING. you effectively paid allstate for years and when it was time for you to make a claim - a claim in which you were not at fault in any way - they strong armed you and brow beat you.

_{you were basically fked by them and told to take it}


now take your issue which was mostly inconvenience and substitute it with a life or death scenario - maybe one involving life changing injury - and you are still being given the run around

and your experience is more and more the average customer experience today. how else can they increase revenue?

but hey capitalism and greed is good and more returns for sharholders

cococandy:
It may not matter to you what he’s worth, but it should matter to you that public funds are used to subsidize their businesses. You guys seem to look at the conversation like people are jealous of them. No we’re saying stop investing public funds into them because they are supposed to make life easier for the simple guy. We’ve seen that they don’t. Whatever profits they making isn’t going back into the public pot.

The billions he received in subsidies could fund a social program that helps make sure middle class families are not being effed over by a small illness or accident. And somehow he would still be a billionaire. His luxuries that he worked hard for would still be his.

What amuses me is the double standard of imposing tariffs on China because China is subsidising companies, but ignore the subsidies they themselves give to American companies who then reduce staff because they can't compete.

Guess they must be glad China can't retaliate. /s


https://www.youtube.com/watch?v=K7YbL6l9I7w?si=tVm7MWhS_Fo04mS_

Gerrard59:
The world today is much wealthier than during the '60s. There is less poverty today than 100 years ago. People live longer these days than 50 years ago. All thanks to human ingenuity and capitalism. Fine, in the face of declining birth rates, something has to change. But we should remember the past and now.

People in the 1900s would be terribly envious of the comforts and standard of living someone in 2024 enjoys. Capitalism did that. Humans are naturally greedy, and so far, that is the only economic system that caters to that trait. Unsurprisingly, it is the only economic system that has pulled more people out of poverty than any other economic system.

Guess you've never heard what supposed communist China has achieved. During my lifetime alone, China went from individuals not being able to afford cars to everyone dumping their bikes.


https://www.youtube.com/watch?v=BT7Th2aV0wM?si=Ng__YBm6Wb_SlKDI

Maeve7:
Nobody has argued the opposite.

I would argue the opposite. See my post above.

raumdeuter:
The high prices are not solely due to capitalism but partly caused by excessive government regulation. The FDA approval process is lengthy and expensive, which limits competition and keeps prices high.

They must be eating the houses In 'blue' state Florida where Biden is governor.


https://www.youtube.com/watch?v=8Ot1Ck79mRY?si=hI1u58YSWSQI3n6s

cococandy:
So what you do when you’re criticizing the democrats for running the govt the way you don’t like AKA complaining about America isn’t tacky?

It’s only tacky when someone else does it? 🙄

I don't criticize the country or system.

She stated her hatred for the country and system. For whatever reason, most immigrants hate the USA they live in.

There's a difference between party and country.

Good Luck to Nigerians.

raumdeuter:
I know someone who got insurance and within 2months had a major procedure that cost over 200k. Which the insurance covered, where did you think they got money from to cover that? By denying some people.

I would like to hope that the bulk of the 200k came from premiums received.

Insurance is after all not babajebu or shouldn't be.

budaatum:
Guess you've never heard what supposed communist China has achieved. During my lifetime alone, China went from individuals not being able to afford cars to everyone dumping their bikes.

https://youtu.be/BT7Th2aV.0wM?si=Ng__YBm6Wb_SlKDI

As you stated, it is supposedly communist, which is largely for political reasons. China and the Chinese are true gospels of capitalism as they compete very hard on pricing and product innovation. The rise of its EV industry and the breadth of its manufacturing poweress is a testament to the nature of capitalism as practiced there. Capitalism with Chinese characteristics.

Maeve7:

Nobody has argued the opposite.

So could you recommend a better system or the kind of reforms you would love to see? Where have they been implemented and how were the results?

budaatum:
What amuses me is the double standard of imposing tariffs on China because China is subsidising companies, but ignore the subsidies they themselves give to American companies who then reduce staff because they can't compete.

Guess they must be glad China can't retaliate. /s


https://www.youtube.com/watch?v=K7YbL6l9I7w?si=tVm7MWhS_Fo04mS_

Very detailed video.
I don’t even understand the need for the grandstanding to begin with. Unnecessary braggadocio.

But watch him start to shift blame when the results of the tariffs he imposed start to roll in.

She who? AOC?

Why does one become a politician? Isn’t it to make a difference? And would one want to make a difference if they didn’t think there’s something worth changing? Now does speaking about those systems that need change or improvements amount to hate?

I’ll leave you to your conclusion on that.

If republicans all loved America, they wouldn’t be wanting to Make America Great Again. Implying that it’s not great now.

You guys don’t have the monopoly to patriotism even if you wear a suit made out of the national flag.

IbeOkehie:
I don't criticize the country or system.

She stated her hatred for the country and system. For whatever reason, most immigrants hate the USA they live in.

There's a difference between party and country.

Good Luck to Nigerians.

GloriousGbola:
so you are paying for a service and being deliberately ripped off. customer is definitely not king here - more like a serf

and that is likely one of the key kpis set by the ceo - deny delay defend.

but it is great for shareholders who get value and bad for paying customers who get fked

is that what capitalism is today - being cheated when you pay for a service - and this is something to celebrate?

https://www.insurancebusinessmag.com/us/news/breaking-news/allstate-reports-1-2-billion-net-income-in-q3-2024-512113.aspx



this is where their growing profits are coming from - shafting you. so what would have been the difference if you had not paid this insurance all this while? NOTHING. you effectively paid allstate for years and when it was time for you to make a claim - a claim in which you were not at fault in any way - they strong armed you and brow beat you.

_{you were basically fked by them and told to take it}


now take your issue which was mostly inconvenience and substitute it with a life or death scenario - maybe one involving life changing injury - and you are still being given the run around

and your experience is more and more the average customer experience today. how else can they increase revenue?

but hey capitalism and greed is good and more returns for sharholders

Did you read the part where I stated I couldn't find cheaper insurance anywhere? It just happened there was a State Farm Insurance office near me. I went there, gave them my particulars and documents including my Allstate bill and they quoted me something 30% higher.

A few years later in 2019, I shopped around AGAIN and the result was the same.

So it seems I'm getting a good deal on monthly payments for being a long term customer. Which is why I'm now a long term shareholder, in fact most of it is owned by my children. Twenty years from today someone will accuse them of undeserved returns of inheritance. What a crock of crap.

cococandy:
She who? AOC?

Ilhan Omar of Minnesota.

Good Luck to Nigerians.

IbeOkehie:
Did you read the part where I stated I couldn't find cheaper insurance anywhere? It just happened there was a State Farm Insurance office near me. I went there, gave them my particulars and documents including my Allstate bill and they quoted me something 30% higher.

A few years later in 2019, I shopped around AGAIN and the result was the same.

So it seems I'm getting a good deal on monthly payments for being a long term customer. Which is why I'm now a long term shareholder, in fact most of it is owned by my children. Twenty years from today someone will accuse them of undeserved returns of inheritance. What a crock of crap.

Good Luck to Nigerians.

Do you understand what you just wrote? So in summary, the function of all state and other companies in this capitalist utopia is not to generate value for customers but for shareholders?

Does that even sound like a sustainable business model? We will continue to build profits off failing 4o deliver service?

This car I bought is a shit box lemon. The dealer refused to honour the warranty when the transmission gave out. I'll just buy shares in the Company instead, since there are several suckers who keep buying the car!

budaatum:
I would like to hope that the bulk of the 200k came from premiums received.

Insurance is after all not babajebu or shouldn't be.

Premiums received from others not from that particular patient as she hadnt paid up to 200k which the insurance paid

raumdeuter:
Someone has to pay for it
The doctors won't treat anyone for free, the hospitals are not free. Medications are not free.
It's either individual use their insurance to pay or govt pays by increasing everyone's tax burden

Someone has to pay for it

I'm very glad UK funds the healthcare system with tax.

I fell ill in Nigeria in 2016 and went to see a doctor. He asked me to go do an x-ray which cost a mere 5k, and on receiving it told me to see how only half of it was shown.

"buda", he said, "look at the quality of the xray. While it shows spinal damage, I would need you to go do a magnetic resonance imaging (MRI) scan to fully diagnose your illness, and likely 3 more while treating you. Each cost about 100k for which you'd need to travel from Osun State (where I lived), to Lagos or Abuja to do them. I hear you are from UK, so I advise you go get cured there".

On arrival back in UK, they first thought I had Guillain-Barré syndrome (GBS), and prescribed me 3 doses of an intravenous medication I found cost £500 a dose, but after 2 doses they realised that might not be it. I told them not to bother with the third dose, the Naija in me wanting to save them £500, but they insisted they must, and that it would do me good regardless while they investigated further.

In the end, I had 25 MRI and various other scans and spent 3 months in King's Hospital where I found foreigners were paying £500 a night for just the bed with cost of treatment added on top.

I most likely might have run out of money and died if I'd been required to fund my own healthcare, and I'd have been distressed if I had to deal with a dodgy insurance company to fund it.

Doctors still see me twice a year, and I'm amazed they care so much and that it costs me next to nothing apart from my National Insurance contributions and tax, which also covers the £900 of medical equipment a month that keeps me alive and functional.

I'm very glad everyone gets treated regardless of how much they earn or have, and hope Nigeria's National Health Insurance (NHI) Act of 2022 provides the same level of care for everyone someday, though the fact we can't bother to secure the website is already concerning.

budaatum:
I'm very glad UK funds the healthcare system with tax.

I fell ill in Nigeria in 2016 and went to see a doctor. He asked me to go do an x-ray which cost a mere 5k, and on receiving it told me to see how only half of it was shown.

"buda", he said, "look at the quality of the xray. While it shows spinal damage, I would need you to go do a magnetic resonance imaging (MRI) scan to fully diagnose your illness, and likely 3 more while treating you. Each cost about 100k for which you'd need to travel from Osun State (where I lived), to Lagos or Abuja to do them. I hear you are from UK, so I advise you go get cured there".

On arrival back in UK, they first thought I had Guillain-Barré syndrome (GBS), and prescribed me 3 doses of an intravenous medication I found cost £500 a dose, but after 2 doses they realised that might not be it. I told them not to bother with the third dose, the Naija in me wanting to save them £500, but they insisted they must, and that it would do me good regardless while they investigated further.

In the end, I had 25 MRI and various other scans and spent 3 months in King's Hospital where I found foreigners were paying £500 a night for just the bed with cost of treatment added on top.

I most likely might have run out of money and died if I'd been required to fund my own healthcare, and I'd have been distressed if I had to deal with a dodgy insurance company to fund it.

Doctors still see me twice a year, and I'm amazed they care so much and that it costs me next to nothing apart from my National Insurance contributions and tax, which also covers the £900 of medical equipment a month that keeps me alive and functional.

I'm very glad everyone gets treated regardless of how much they earn or have and hope Nigeria's National Health Insurance (NHI) Act of 2022 provides the same level of care for everyone someday, though the fact we can't bother to secure the website is already concerning.

You know the healthcare in the UK you got, Its the UK people who pay for it with increased taxes are Americans willing to pay more in taxes? No they want others to carry the extra tax burden usually those who they believe earn more than them Everyones tax solution is to always tax those who they believe are earning higher. Hardly them

IbeOkehie:
Mr Gerrard didn't justify racism. That's like saying he justified snow or rain. Come on. Humans are NATURALLY racist and everyone knows it.

Sorry, but I only need to look at myself to know that being racist is not "Humans are NATURALLY".

You are programmed (miseducated) to be racist just as you can be educated to not be racist, and tribalist for that matter. And I hope you bear this in mind so you may program your children accordingly.

GloriousGbola:
Do you understand what you just wrote? So in summary, the function of all state and other companies in this capitalist utopia is not to generate value for customers but for shareholders?

Does that even sound like a sustainable business model? We will continue to build profits off failing 4o deliver service?

This car I bought is a shit box lemon. The dealer refused to honour the warranty when the transmission gave out. I'll just buy shares in the Company instead, since there are several suckers who keep buying the car!

As I narrated, Allstate offered to cover the damage. They also told me that my premiums will rise because I was getting a long term customer discount. And I decided to shop around.

I found out that I'm paying much cheaper premiums than I would get with other companies. Which is why I've stayed with them and even bought shares in the company.

This discussion isn't about lemon cars and warranties. It's about home insurance. People who buy home insurance aren't suckers, sometimes it's required by mortgage agreements or the law.

Again, the insurance company offered to cover the damage. It's important to get the facts right at least.

Good Luck to Nigeria.

IbeOkehie:
On this, I want to make it clear that there's no solution for healthcare in modern society. This is something I've stated REPEATEDLY on this forum. When it comes to healthcare, I don't know much. Because healthcare is not subject to VOLUNTARY demand, free market and economic principles can't be applied. In the long run, nothing works for healthcare in any country under any system. Unfortunately.

Come check out UK's healthcare. It would make you see the good the human race can achieve when it stops relying on luck and places its trust in the sweat off their collective brows.