HeavenlyPossum: "When I talk about capitalism collapsing under the weight of the climate catastrophe, I mean things like this…" - kolektiva.social (kolektiva.social)

submitted 3 months ago by sabreW4K3@lazysoci.al to c/collapse@lemm.ee

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When I talk about capitalism collapsing under the weight of the climate catastrophe, I mean things like this:

“Insurers providing policies to homeowners were hit with a $15.2 billion net underwriting loss last year, according to figures from rating agency AM Best, saying that the figure was the worst since at least 2000 and more than double the losses since the previous year.”

https://www.reuters.com/business/finance/us-home-insurers-suffer-biggest-loss-century-2023-ft-says-2024-07-28/

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this post was submitted on 31 Jul 2024

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Collapse

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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