Crassus the libertarian

23.9.2017 kl. 17:08 - Sveinbjörn Þórðarson

Something tells me Crassus was a libertarian.

One of the most successful politicians of the first century before the Christian era was Marcus Licinius Crassus, who was reputedly not only the richest man in Rome but also, by one accounting, the eighth-richest man who has ever lived. His fortune was pegged (by Pliny the Elder) at upward of two hundred million sesterces. Most of those millions were in real estate, some of it acquired in a manner strikingly like the operations of health-insurance companies a couple of millennia later. Crassus had his own private fire department, and if your house caught fire his representatives would offer to buy it on the spot, at a one-time-only, fire-sale price that would fall rapidly as the flames climbed. If you said yes, you’d get a few sesterces, after which Crassus’ firefighters would do their thing. If you said no, you’d end up with a pile of ashes. (No public option being available, few owners were in a position to quibble.)

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