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Strategies & Market Trends : ahhaha's ahs
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To: GraceZ who wrote (1051)2/15/2001 8:56:47 PM
From: ahhahaRead Replies (2) of 24758
 
The question was, "Aren't the insurance companies practicing planned obsolescence by interfering with what's perceived to be in the interest of all"? The answer is, it isn't accurate to use the term "planned obsolescence" here.

There is no planned obsolescence. It's a concept invented by socialists in order to find an interpretation of business that is consistent with the war on wealth and the bashing of corporations. On closer examination the usage is oxymoron. It isn't possible to design something that will fall apart on cue. Let's say it is possible. It's far more expensive to produce such a product than it is to produce something that fails when it gets old.

Can we apply this usage to insurance companies seeking to maximize profit? That is, does the profit maximizing insurance company want to maintain the death tax? Do they want people to drop dead on cue? The answer must be no because then they couldn't insist on the higher premiums they get when time of death is unknown than when the cue to drop is known.
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