Posts Tagged ‘insurance’

Climate change – the ongoing disaster

Written By: - Date published: 10:00 am, February 12th, 2019 - 32 comments

In my youth back in the late 1970s and early 80s, I did a BSc in Earth Sciences. I learned that our human framework of decades and centuries was but a blink of an eye to nature. Our period, that blink in time, is fast fading.

Really buffering climate change

Written By: - Date published: 9:00 pm, January 14th, 2018 - 53 comments

The recent development of accident and disaster insurance over the last century is now having a profound influence on buffering climate change. The Economist had a recent article with an excellent graph. Perhaps this is worth encouraging to give a price signal and a political lobby against that of the polluter lobby.

NRT: Fixing Christchurch

Written By: - Date published: 10:53 am, June 28th, 2014 - 5 comments

Labour has announced another part of its package to fix Christchurch: an immediate crash home-building plan. The market has failed, so the government has to step in. Its that simple. As for why the market has failed, there’s the ongoing insurance problems of course, but perhaps this also has something to do with it. Living costs in ChCh are exceeding wages and the construction industry is pocketing the difference. Labour is also changing the rules about exploiting overseas labour.

Why insurance should be a state monopoly

Written By: - Date published: 4:25 pm, November 11th, 2013 - 100 comments

The seeming purpose of having competition is to prevent monopoly pricing and excessive profits but, as Steve Keen shows, all businesses use the same pricing model with about the same level of profits. If they did use the pricing model that economists say that they should use they’d actually go broke. Having a state insurance system has a whole different economic basis.

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