he’s very clearly laying out why insurance companies should not exist.

He’s laying the case for why insurance must either operate as a public loss-leader or a privatized scam. But I don’t think he really understands the bottom layer of the argument.

All I’m seeing is “Insurance is business. Business need to make money. Therefore denying claims is good aktuly.” There’s no “ah ha” bit at the end where he recognizes their predatory nature.