Wednesday, August 30, 2017

The Evolution and Extinction of Affordable Insurance - 2

The deniers who are liars are saying that the "Houston we have a problem" syndrome playing out before our very eyes was not foreseeable (Harvey Didn’t Come Out of the Blue).

In the first post of this series we discussed the humanistic concept of insurance, as well as the capitalist, market, or economic concept of insurance.

One is driven by the common good concept, the other is driven by the profit motive (On The Origin of Assholes).

The profit motive won out in the U.S. Plutonomy world (The Homeland: Big Brother Plutonomy, 2, 3, 4, 8), because the common good was eaten alive by an older concept, which, like sovereign immunity (Follow The Immunity - 3), swam across the Atlantic to bring back the good-old-daze  (American Feudalism, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11).

Those with competent foresight began to think about Global Warming induced Climate Change as a business risk way back in 1973 (see video below, speaker's first statements).

The previous post in this series is here.


  1. The warnings by eminent scientists and others came long before that (Arrhenius in the late 1890's), but all were ignored (by the "masters of the universe) so we could keep the status quo going for the ultra rich. [Related, Einstein's warnings about nuclear bombs was also ignored.] Humanity was turned into mindless consumers in constant need of STUFF by the propagandists (of whom you've written extensively), and now - here we are!

  2. "It is basic physics — confirmed by decades of observations —that says global warming puts more moisture into the atmosphere. That moisture then gets swept into superstorms and dropped on coastal communities in deluges. 'There is universal agreement' on that fact, MIT climate and hurricane expert Kerry Emanuel told Reuters. 'It’s solid physics.'" - link