https://phys.org/news/2025-01-im-economist-california-crisis-trigger.html
The economist doesn't let on why he thinks that the insurance crisis can trigger "broader" financial instability.
He only mentions 2008-2009 – and thinks, that's enough.
His last sentence tho lets me think, the #LAfires weren't for naught if the
" financial, cultural and entertainment center of the world" has really burnt down.
Because obviously, since we are where we are today, such a center bears lots of responsibility for why we got here.
Or did you discover a U-turn in how the "cultural and entertainment centre" depicts desirable lifestyles? It's still mansions, single family homes, car-addiction, flying and so on. No sign in the movies of sustainable living space per person, 35 square metres, +15 for each additional person.
No sign of cycling, walking, car-less activities. No talk of aviation cirrus and emitting CO2 so far up in the atmosphere.
Ah well.
You get my drift.
The irresponsible "financial, cultural and entertainment center of the world" has brought us here. It's a driving part of the #EconObscene and the #ClimateCrisis
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