The insurance industry thinks that climate change will wipe out half of GDP. Mainstream economic thinking has not factored in the climate shock that is coming.
From the article:
global GDP could contract by 50% between 2070 and 2090
This shows exactly what is wrong with the world. Instead of understanding that we won’t have enough to eat in 2050 (or so), people are worried that the fucking GDP may fall in random 45 years or so. What the heck?
Both problems can happen at the same time.
I’ve read that the insurance people are far more accurate than “general sentiment” for measuring incoming disasters…
This is what policy should be anchoring-on, not ideological feelings…
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Trump: Sounds like a job for MORE TARIFFS.
Understand that Trump & others like him, are committed to presiding over the destruction of the world not surviving it.
They’re looking quite-successful, once their true-goal is understood…
Links from the article:
A panel hosted by the author https://youtu.be/wy1JNM9WtmI
