A couple of should-reads by major influencers.
Why the World Is on the Brink of Great Disorder
Ray Dalio
Climate risk stress tests underestimate potential financial sector losses
Henk Jan Reinders, Dirk Schoenmaker, Mathijs Van Dijk
h/t Lambert Strether at Naked Capitalism
7 comments:
Ray Dalio. Same guy who said Treasury refunding was going to cause a giant crash in the market.
https://www.goodtherapy.org/blog/doomsday-scenarios-conspiracy-theories-and-psychology-1120127
“Mental Health Conditions
Some people who believe in conspiracy theories and end-of-days scenarios may be experiencing a mental health issue. Conditions that can contribute to such beliefs include:
Schizophrenia, which can result in delusions and hallucinations that could convince a person the end of the world is near or that an entity is out to get him or her.
Paranoid personality disorder, which manifests as constant suspicion, often in the form of fear of the government.
Persecutory delusion, which may cause a person to believe that another person or entity is out to get him or her and will not stop until harm is done.”
Col Douglas Macgregor & James Patrick: Russia's breakout offensive - recorded July 1st.
https://youtu.be/c6ehKpLWMNU
Bills blog post today.....
Capital understand this fully and why they have attacked climate change. It is THE reason why they deny climate change and instead of using the word WOKE as an attack they use WEF as an attack. WOKE and WEF and " the radical left " has replaced Marxists and communists in right wing framing.
Capital have always known they would have to give up both skills and real resources from which they extract rent from the rest of the population. If the true left ever won an election. So planned for it by changing the US rules based order.
It's the old story that once you start to get close to your skills and real resources limit and productive capacity. Then an investor wants to build a casino with a strip joint attached in your local area and an elected government, who ran on building more schools in their manifesto, wants to build a new school in the local area. That's were planning laws come in and we have planning laws for a reason.
Capital has made sure that choice is not going to be easy. Capital planned ahead to try and make sure capital could hold onto their skills and real resources. If those skills and real resources are taken away from them they can go to a court behind closed doors and claim compensation. The laws were changed and enforced into trade rules and treaties. Katharina Pistor from Columbia Law School calls it “Capital Rules by Law”.
This debate below by Katharina Pistor at the conference called Money as a Democratic Medium at Harvard Law School in 2018. Describes beautifully what has been put in place by capital, to ensure nation states struggle to remain fully sovereign or in some cases any sovereignty at all. That when nation states try to do what Bill suggests, capital saw it coming decades ago and changed the US rules based order in their favour.
https://m.youtube.com/watch?v=3NENImLLZE0&feature=youtu.be
Katharina discussion starts at the 34th minute mark.
I don't see the point in trying to control CO2 when fossil fuels continue to be burned.
Net zero 2030 or 2050 are fantasies.
What about your current forest fires that Canada climate nutters are just letting burn and sending toxic fumes all over mid Atlantic?
What about them?
If those areas do not grow back as forests, that will be evidence of climate change.
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