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.
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:
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.