JP Morgan economists warn climate crisis is threat to human race
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Re: JP Morgan economists warn climate crisis is threat to human race
#2Re: JP Morgan economists warn climate crisis is threat to human race
#3Those things from big banks always remind me of the quote from Big Short: "Yeah, I think you mean that you've secured a net short position yourselves. So you're free to mark my swaps accurately for once because it's now in your interest to do so."
Re: JP Morgan economists warn climate crisis is threat to human race
#4I wonder how our ancestors made it through the early Holocene, where it was 2-3C warmer, with just stone age technology?
Re: JP Morgan economists warn climate crisis is threat to human race
#5I wonder how our ancestors made it through the early Holocene, where it was 2-3C warmer, with just stone age technology?
There were a lot fewer of them. Life expectancy and standards of living were way lower. Stone age tech meant they couldn't kill each other as efficiently in war over declining resources.
Re: JP Morgan economists warn climate crisis is threat to human race
#6In all the distrust and misinformation out there around this subject, it's refreshing whenever I see finance people talk in these terms. They are pragmatic to a fault, and wouldn't make statements like these lightly.
Re: JP Morgan economists warn climate crisis is threat to human race
#7[deleted]
Re: JP Morgan economists warn climate crisis is threat to human race
#8I wonder how our ancestors made it through the early Holocene, where it was 2-3C warmer, with just stone age technology?
There were a lot fewer of them. Life expectancy and standards of living were way lower. Stone age tech meant they couldn't kill each other as efficiently in war over declining resources.
Stone age tech meant they didn't have time to worry about fake crises, life was hard enough, eh? They just took the warm weather that followed the ice age and invented farming. Not bad. Resources aren't declining. Energy is more abundant than ever. Crop yields are way up. The Earth is greener and has more trees than it did just a few decades ago. Basic necessities are covered. There's no basis for alarmism.
Re: JP Morgan economists warn climate crisis is threat to human race
#9In all the distrust and misinformation out there around this subject, it's refreshing whenever I see finance people talk in these terms. They are pragmatic to a fault, and wouldn't make statements like these lightly.
> They are pragmatic to a fault, and wouldn't make statements like these lightly.
The situation is dire, but lets not discount these are the very same people responsible for the derivatives scandal that plunged the global economy into disrepute, and profited very handsomely from it with bail outs and bonuses for their utter failure to exercise sound financial behaviour. So lets not place the very same people capable of creating their own catastrophic global crisis on pedestals.
With that said, consider how big their carbon footprint is in just the creation, maintenance and upkeep of their legacy system, which really only 'works' 5 days out of the week.
If they want to be taken serious, knowing they will never correct the malfeasance they call a business model, they should give little to no interest loans on startups and small businesses that help offset global climate change.
They won't and instead you'll see Jamie Diamond on TV alongside Blankfiend et al at Davos making these empty latitudes without so much as hesitating when they board their private jets whilst eating exotic food and drinks procured from all over the World.
Pragmatists? Hardly, opportunistic parasites willing to cling onto whatever narrative suits them, of course.
Re: JP Morgan economists warn climate crisis is threat to human race
#10It’s not a threat to the human race.
It’s a threat to civilization and the current world order... which would lose JP Morgan a lot of money.
I’m not saying we shouldn’t care (and do something), but if you’re routinely accused of making the whole thing up... it helps not to make up scary claims.