by Summary:
The belief that climate change will have a minor economic impact is dangerously naive. Imagine a house of cards. You think it’s stable. But one gust of wind, and it collapses. That’s our economy facing climate change. At 10°C warming, regions like Florida will be underwater. You might think, “That’s just Florida.” But what about the ripple effects? When a major economy like Florida sinks, it drags others down with it. We must abandon these absurd assumptions. The idea that we can adapt without significant costs is like believing you can swim in a raging river without getting wet. It’s not just about rising sea levels. Think about agriculture. Droughts and floods will disrupt food supply chains. Food prices will skyrocket. People will struggle to afford basic
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The belief that climate change will have a minor economic impact is dangerously naive. Imagine a house of cards. You think it’s stable. But one gust of wind, and it collapses. That’s our economy facing climate change. At 10°C warming, regions like Florida will be underwater. You might think, “That’s just Florida.” But what about the ripple effects? When a major economy like Florida sinks, it drags others down with it. We must abandon these absurd assumptions. The idea that we can adapt without significant costs is like believing you can swim in a raging river without getting wet. It’s not just about rising sea levels. Think about agriculture. Droughts and floods will disrupt food supply chains. Food prices will skyrocket. People will struggle to afford basic
Topics:
Steve Keen considers the following as important:
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| The belief that climate change will have a minor economic impact is dangerously naive. Imagine a house of cards. You think it’s stable. But one gust of wind, and it collapses. That’s our economy facing climate change. At 10°C warming, regions like Florida will be underwater. You might think, “That’s just Florida.” But what about the ripple effects? When a major economy like Florida sinks, it drags others down with it. We must abandon these absurd assumptions. The idea that we can adapt without significant costs is like believing you can swim in a raging river without getting wet. It’s not just about rising sea levels. Think about agriculture. Droughts and floods will disrupt food supply chains. Food prices will skyrocket. People will struggle to afford basic necessities. The economy will feel the strain. We need to prepare for severe economic disruptions. Ignoring the reality of climate change is like driving blindfolded. You might think you’re safe, but the crash is inevitable. The private finance system will likely break down. When asset prices collapse, the credit system will follow. This isn’t just theory; it’s a practical reality. History has shown us that ignoring warning signs leads to disaster. The Great Depression and the Global Financial Crisis are reminders. If we don’t act, we risk repeating those mistakes. We must face the truth. Climate change is not a minor issue; it’s an existential threat. Let’s not wait for the storm to hit. It’s time to act before it’s too late. |
I refuse to believe that so called intelligent ppl can't find a way to lose some heat.
This climate change narrative has been with us for 50-plus years. We have not come anywhere near to what was sensationally bruited about in the early 1970s.
We could say much the same concerning the overpopulation scare of the 1960s.
Wasting billions on a hoax