50% GDP Collapse Ahead? Actuaries Sound The Alarm—Who’s Listening?

www.forbes.com

50% GDP Collapse Ahead? Actuaries Sound The Alarm—Who’s Listening?

www.forbes.com

fake_meows@lemm.ee to

Collapse@lemm.eeEnglish · 11 days ago

A 50% GDP collapse? Actuaries warn of economic devastation if we fail to act on climate risk. Entire industries could crumble—Why are we ignoring the warning?

The insurance industry thinks that climate change will wipe out half of GDP. Mainstream economic thinking has not factored in the climate shock that is coming.

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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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