Oh no! Not our capitalism! Where will we get all our poverty?!?!
It’ll destroy capitalism by creating many new causes of poverty. There won’t be enough food, water or shelter and it’s not going to be fun.
It will destroy capitalism by first destroying everyone and destroying every economic system everywhere.
If the US economy collapses because they elected a bunch of idiotic fascists rather than admit climate change is real, I don’t know if corporations and the CIA will have enough money to fund enough mercenaries and propaganda to keep socialist revolutions suppressed. So maybe we will see actual left-wing economic systems popping up globally over the next couple years.
Judging from past experience and history … they’ll probably burn the world first before that happens.
And here I thought capitalism was on track to destroy our global ecology.
Unfortunately, a lot of the cash on hand for insurers comes from selling financial instruments like annuities. Annuities are something that retirees buy with their life savings to provide a fixed income. If the insurance industry goes bankrupt, it’s taking a lot of people with it.
And I saw a post just a week ago about big banks planning to capitalize on climate disasters
Removed by mod
Sitting on my driveway, revving my engine.
