President Trump has escalated his challenge...

Editor's note: ...to the insurance industry, targeting entrenched insurers and HMOs that critics say operate as protected financial cartels within America's healthcare system. His proposal to redirect healthcare funds directly to citizens bypasses corporate middlemen and confronts a fascist corporatist model in which private insurers profit from mandatory participation and government enforcement. Analysts argue the system mirrors historical fascist economics, where state power shields corporate dominance, shaped by transatlantic financial interests in the pirate City of London and on Wall Street. The move signals a sharp break with decades of bipartisan deference to the insurance industry and sets the stage for a high-stakes political fight ahead of the 2026 midterms. For these insurance cartels their view is if you have health and life insurance your only option is death (wealth extraction). "Insurance is the DNA of capitalism." This is how the imperial British fascist corporate superstructure works.
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Insurance Corporatism, the City of London, and Economic Fascism

By AD News Network | January 7, 2026

Contemporary insurance markets exhibit features of economic corporatism, a framework historically associated with fascist political economy, in which private corporate power is integrated with state authority and compulsory economic participation.[1]

In classical political economy, corporatism was central to fascist regimes, not as state ownership but as a merger of corporate interests with state enforcement mechanisms in organizing production and risk. This precise conceptualization is distinct from general corporate influence and has been documented in academic discussions of fascist economic order.[2]

The pirate City of London insurance market, anchored by institutions such as Lloyd's of London and the broader London Market, functions as the largest global hub for commercial and reinsurance risk transfer. It writes a substantial share of the world's complex risk premiums and houses over 350 brokers and insurers, drawing nearly 70 percent of its business from outside the UK. It remains the principal global centre for specialty and commercial insurance, handling approximately 8 percent of the global (re)insurance market and hosting every top 20 insurance and reinsurance firm in one financial ecosystem. [3] [4]

This transnational reach amplifies structural influence: a significant portion of the premiums underwritten in London is tied back into U.S. markets through reinsurance and surplus lines arrangements, meaning that pricing standards, capital allocation decisions, and risk models developed in London reverberate into U.S. insurance markets. [5] The London Market's capacity to pool global capital and spread complex risk gives it de facto authority in setting terms that local or national insurers must accommodate. Such concentration of underwriting power undermines competitive balance and constrains market autonomy outside this global node.

In the U.S., insurance participation is often compulsory or quasi-compulsory (e.g., auto liability, health insurance under regulatory frameworks), yet policy design, pricing mechanisms, and claims practices are shaped by corporate entities operating within transnational networks. These insurance entities are integrated with state enforcement through regulatory frameworks that uphold mandatory insurance participation and protect private capital interests, illustrating a corporatist configuration of economic power. Unlike a competitive decentralized market, this system resembles state-protected corporate dominance, in which the public is obliged to engage with private institutions that exercise prescriptive control over essential economic services.

Managed care structures, including health maintenance organizations and similar entities, further embed this corporatist order by delegating key decisions about coverage and care prioritization to private firms whose fiduciary responsibilities lie with shareholders and global capital partners. The effect is a socialization of risk and compulsion of participation, while profits and strategic control are privatized within global capital networks; this mirrors corporatist dynamics documented in fascist economies where state power enforces corporate prerogatives in key sectors.

Such structures ask not only whether markets are large or influential, but whether democratic agency over essential services is systematically displaced by transnational corporate power operating under state sanction. When corporate networks headquartered in global financial centres like the pirate City of London hold structural sway over U.S. risk allocation, pricing norms, and sector governance, the arrangement aligns with a corporatist configuration of economic order. This is not a casual normative claim, but a critical interpretation of institutional power dynamics grounded in economic history and political economy.

Footnotes

1. Fascist corporatism refers to an economic system characteristic of historical fascist regimes, particularly Mussolini's Italy, where the state and corporate interests were intertwined to manage production and labor under unified authority. This concept is elaborated in academic treatments of fascist economic order and corporatism. https://en.wikipedia.org/wiki/Corporatism

2. Corporatism as an organizational principle involves representation by corporate groups within policy-making, distinct from "corporatocracy," which denotes dominance by corporate interests. In fascist economic theory, corporatism served as a structure for state-directed collaboration of major economic actors. https://en.wikipedia.org/wiki/Corporatism

3. The London insurance and reinsurance market remains the largest global hub for complex risk underwriting, with a share of global (re)insurance and extensive participation by global insurers and brokers. https://www.thecityuk.com/media/as4fus2y/key-facts-about-the-uk-as-an-international-financial-centre-2024.pdf

4. The City of London's insurance sector accounts for a significant portion of the City's economic output and provides deep pools of redistributed global capital for risk underwriting across national boundaries. https://www.theglobalcity.uk/insurance

5. A large share of the London Market's premiums originates from outside the UK, with notable connections to North American insurance and reinsurance arrangements, indicating the transnational integration of underwriting capacity and market influence. https://committees.parliament.uk/writtenevidence/108486/html/