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Life is risky—which is why people buy insurance. But when disaster overwhelms conventional insurance systems, should the state step in? In this program, economics expert Niall Ferguson travels to post-Katrina New Orleans to evaluate the free marke...
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Contents
Calamity of Hurricane Katrina (2:48) -- Litigation Against Insurance Companies (4:36) -- History of Insurance Funds (4:08) -- Insurance: Calculation of Future Risks (3:20) -- Japan: World's First Welfare Superpower (3:12) -- Japanese Post-War Welf...
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