The Guardian ‘s Damian Carrington on how major capitalist institutions (insurance industry) are seeing the likely outcomes of capitalist-driven climate change.
“The economic value of entire regions – coastal, arid, wildfire-prone – will begin to vanish from financial ledgers. Markets will reprice, rapidly and brutally. This is what a climate-driven market failure looks like.”
I’m Pete Harbeson, a writer located near Boston, Massachusetts. In addition to writing my own content, I’ve learned to translate for my loquacious and opinionated pup Chocolate. I shouldn’t be surprised, but she mostly speaks in doggerel. You can find her contributions tagged with Chocolatiana.
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