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  • Random Thought

    Posted by Jonathan on June 21st, 2003 (All posts by )

    Thomas Sowell writes:

    Insurance companies are in the business of reducing given risks and transferring them, for a price. Non-profit advocacy groups are in the business of maximizing fears from given risks, in order to attract the donations that keep them going. Yet because the latter’s income is not called by the dreaded word “profit,” they are considered to be doing something more noble.