“We are fast approaching temperature levels – 1.5C, 2C, 3C – where insurers will no longer be able to offer coverage for many of these risks,” he said. “The math breaks down: the premiums required exceed what people or companies can pay. This is already happening. Entire regions are becoming uninsurable.”
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but hasn’t capitalism already been replaced… with something far worse?
dark maga? oligarchy? ultra corporatism? anarcho-capitalist kakistocracy? take your pick.
Adam Smith would be spinning in his grave if he knew what the billionaires have done to eradicate the very notion of competition and restraint from the marketplace.
That’s called late stage capitalism. It’s a winners-take-all game. Have you ever played Monopoly?
