Insurance is the first leg to go down, then Real Estate and banking. We are in the first stage now, and it will become far worse soon.
When the log rolls over we will die
“Ecosystem services are defined as any benefit that can be drawn from a natural structure or process – for example, water can be used as a raw material, an energy source through hydropower, or for transportation. It is also a habitat for marine life critical for food production, and a basis for recreational services.
“Nature-related risks can pose material economic and financial risks, including through their impacts on credit risk, growth, inflation and – over the long-term – potential financial instability,” Elderson said.
“I did interviews [previously] saying, you know, if you destroy nature, you destroy the core on which our economies depend. And that got people’s attention. This is not some kind of a flower-power, tree-hugging exercise. This is core economics. This is core financial stability, core price stability.” ⚖️
Insurance is the first leg to go down, then Real Estate and banking. We are in the first stage now, and it will become far worse soon.
When the log rolls over we will die
Well, I guess he may have a point in getting people's attention with the fact that we will not our survive if we destroy the natural world (a fact pointed out by many over hundreds of years) but the fact that he still has to objectify and commodify ecosystems as "resources" to keep the human created "economy" chugging along . . . . this will not do jack shit (imo) in helping maintain biodiversity. After all, aren't we( /s ) all "stakeholders"(🤢)!!! I hate that fucking term. It doesn't look likely that humans can be a part of the natural world as the mammals we are without destroying it even with the spin to get people's attention stated in this article: "financial risks linked to the destruction of “ecosystem services”, which are nature-related processes or assets that support human activity." "Assets that support human activity". This is not going to end well for humans and most life on this planet.
Turns out, everything and everyone dying is bad for business.
oh no, won't somebody think of the shareholders?!
No shot sharif k