The community-insurance obligation is simultaneously a benefit and a curse: in the absence of formal insurance, mutual obligation insures everyone against bad shocks, but it is precisely that obligation to share that makes individual saving impossible.
causalpending
Speaker
Michael MungerEvidence Quote
“they're one of the big norms is insurance that it's understood that the community takes care of people who need... but that's part of the reason that it's so hard to save”
Created: 6/17/2026, 10:29:24 AM
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