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The Ascent of Money: Risky Business

submitted by rasch187

1 decade 4 years 2 months 2 weeks ago

Life is a risky business – which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Prof. Niall Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.