I would say, however, that there are many forms of both capitalism and socialism, and many combinations of them as well, yet they’re each treated as if monolithic.

What about a Scandinavian social democracy model (i.e., private property, strong unions, high taxation, strong welfare state, universal healthcare, free education, etc.)? Is that what you think the Torah and Talmud is prescribing?

As the decision points out, recent amendments to the Insurance Law regulate life settlement contracts and prohibit stranger-originated life insurance. This case was decided under the old law, as the the new provisions went into effect after the events involved.

Another thing to note is the astronomical amount of insurance coverage involved in the case — $56,200,000.00. There’s no indication of the amount the decedent was paid for the assignment, but it was likely a fraction of that amount.