[Rhodes22-list] Reply to Bill Effros - political in essence

[Tootle]

Bill:
	It would benefit you and everyone who you associate with if you took
several elementary courses in economics, business organizations and
political science.  

	A mutual company be it insurance, power, or whatever is owned by the
members.  That means that the equity is owned by the members as if they were
stockholders.  It is essentially owned by individuals, people directly.

	A socialist organization is a governmental or political entity which usurps
the ownership or equity.  Wherein, those espousing medical insurance for all
controlled by the government are taking a socialist stance.  Socialism is
essentially a bureaucratic control rather than a direct people control.  
Socialism says that the people own something collectively, but that
ownership is controlled by the government thru a bureaucracy.

	A mutually owned company competes with privately owned entities in a market
place.  Whereas,  a socialist organization seeks to control the market.  

Ed K
Greenville, SC, USA
Addendum:
“Freedom is not merely the opportunity to do as one pleases; neither is it
merely the opportunity to choose between set alternatives. Freedom is, first
of all, the chance to formulate the available choices, to argue over them --
and then, the opportunity to choose.”  C. Wright Mills 



Bill Effros wrote:
> 
> Ed,
> 
> How does a mutual type organization differ from a socialist organization?
> 
> Bill Effros
> 
> Tootle wrote:
>> USAA - has a web site that list eligibility requirements:
>>
>> https://www.usaa.com/inet/ent_references/CpStaticPages?PAGEID=cp_eligibility_landing
>>
>> What is USAA - When I became a member it was United Services Automobile
>> Association.  It is a mutual insurance company wherein it is owned by
>> members.  Founded because young males just joining the military found it
>> hard and expensive to get car insurance.  And more difficult to get car
>> insurance in foreign countries.
>>
>> It has grown.  I recall when they founded the life insurance division.  
>>
>> One big reason for it growth was who the members originally were. 
>> Originally you had to be some kind of officer in the military or related
>> governmental organization like doctors in the National Heath
>> administrations.  What a pool for actuarial purposes that turned out to
>> be.  
>>
>> It is a mutual type organization and not a socialist organization. 
>> However,
>> it does participate in assigned risk pools.  I recall meeting a driver
>> who
>> got car insurance thru USAA from being in the assigned risk pool.  For
>> some
>> reason not typical of people in an assigned risk pool he asked who USAA
>> was. 
>> He looked around who he was associating with now and got religion.  I had
>> to
>> laugh at how he was making sure that he did not loose his USAA car
>> insurance.
>>
>> https://www.usaa.com/inet/ent_references/CpStaticPages?PAGEID=cp_aboutusaa
>>
>> Ed K
>> Greenville, SC, USA
>>   
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