So if your portfolio depends on the apocalypse, don’t you now have an incentive in expediting it?
Hedging is like insurance against improbable events. Some people, though, have been known to commit insurance fraud.
How Big Business Is Hedging Against the Apocalypse
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Re: How Big Business Is Hedging Against the Apocalypse
#12Earlier quoted context omitted.
can't wait for it to happen. Tzar Russia and the French Revolution all over. except it won't be pitch and forks but high-tec weapons vs masses
Since the current world order is a result of those events, I'm not that sure a power shift from an elite to another would solve anything else than just raw hatred towards the privileged few of the day. I'm more inclined to think that a more gradual and evolutionary approach to wellbeing and social justice can be more effective.
Yeah, it was truly a power shift from landed aristocrats to bankers, merchants, and lawyers. Poor people more-or-less stayed poor. And think of it, the entire French Revolution juxtaposed with the Atlantic slave trade and colonialism.
I think you’re right. Progress is a marathon, every minute, every day. And it’s slow.
Re: How Big Business Is Hedging Against the Apocalypse
#13Re: How Big Business Is Hedging Against the Apocalypse
#14Capitalism destroys the environment by design. I mean the profit-and-loss equation literally works out to "sacrifice everything". Check out the coast of the Dominican Republic : https://gfycat.com/mistyacrobaticbonobo-r-sciences
Re: How Big Business Is Hedging Against the Apocalypse
#15Capitalism destroys the environment by design. I mean the profit-and-loss equation literally works out to "sacrifice everything". Check out the coast of the Dominican Republic : https://gfycat.com/mistyacrobaticbonobo-r-sciences
The reason you often see images like this in third world countries, but not in first world countries, is that third world countries dump a lot of their trash in waterways/the ocean compared to first world countries. Maybe you already know this, but I think a lot of people see images like this as evidence of the first world fucking over the third world when it's really a local problem.
Re: How Big Business Is Hedging Against the Apocalypse
#16Capitalism destroys the environment by design. I mean the profit-and-loss equation literally works out to "sacrifice everything". Check out the coast of the Dominican Republic : https://gfycat.com/mistyacrobaticbonobo-r-sciences
Dominican Republic isn't exactly a model for capitalism. It scores relatively low by Heritage Foundation Economic Freedom Index:
Re: How Big Business Is Hedging Against the Apocalypse
#17So if your portfolio depends on the apocalypse, don’t you now have an incentive in expediting it?
Having bonds in your portfolio doesn't mean you want a stock market crash
Re: How Big Business Is Hedging Against the Apocalypse
#18Capitalism destroys the environment by design. I mean the profit-and-loss equation literally works out to "sacrifice everything". Check out the coast of the Dominican Republic : https://gfycat.com/mistyacrobaticbonobo-r-sciences
The reason you often see images like this in third world countries, but not in first world countries, is that third world countries dump a lot of their trash in waterways/the ocean compared to first world countries. Maybe you already know this, but I think a lot of people see images like this as evidence of the first world fucking over the third world when it's really a local problem.
He said nothing about third vs first world. The impact of consumerism is the same everywhere.
Re: How Big Business Is Hedging Against the Apocalypse
#19Capitalism destroys the environment by design. I mean the profit-and-loss equation literally works out to "sacrifice everything". Check out the coast of the Dominican Republic : https://gfycat.com/mistyacrobaticbonobo-r-sciences
The reason you often see images like this in third world countries, but not in first world countries, is that third world countries dump a lot of their trash in waterways/the ocean compared to first world countries. Maybe you already know this, but I think a lot of people see images like this as evidence of the first world fucking over the third world when it's really a local problem.
And, 1st world countries dump their trash in 3rd world countries. Also, they ignore that there 1st world status is fueled by unsustainable development over last couple of centuries.
Re: How Big Business Is Hedging Against the Apocalypse
#20The title is misleading as the article doesn't really describe hedging. It gives examples of various individuals and groups who are placing increasing value on technologies and resources related to global warming. Their investments naturally reflect their assessments, which is actually a good thing. If global warming is happening, then price adjustments are needed to encourage conservation, the search for alternatives, and the advancement of needed technologies. This is a beneficial market mechanism where people are incentivized to drive prices up or down based on their best prediction of the future. The government's role should be to provide regulation, penalties, and incentives to prevent conflicts between profit and the public's welfare. As the article points out, the current government role in this area is haphazard and largely unproductive. This situation will surely persist until there is better political agreement on what is happening with our climate.