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Beiträge, die mit econobscene getaggt sind


Maybe, all this tragedy in #LAfires has one silver lining:
rich people were hit.
Rich means influential in the USA.
Maybe, now they raise their voices loud enough so that the USA gets her act together and sufficiently acts on #ClimateChange .
Maybe now they realize that global heating not a slow-burning thing they can outrun by their financial means.
Maybe now they realize that they depend on functioning societies across all income groups and globally.

Fortune's article above links to the original article by AccuWeather with the damage estimate of US$ 150bn .
They describe the criteria for their estimate. And those sound pretty holistic.
Although still based on the official estimate for very low numbers of destroyed structures, 10k.
So the 150bn are likely to increase. Gruesome.
But re-building is good for GDP, as economists would see it. The #Pyrocene is the #EconObscene

https://www.accuweather.com/en/press/media-advisory-accuweather-increases-estimate-of-total-damage-and-economic-loss-ascatastrophic-wildfires-in-southern-california-continue-to-ravage-the-los-angeles-area-updated-preliminary-estimate-i/1732268