Cyprus-Forum.com

[Lordo]

Music to my ears. Just like during the pandemic it was strange how suddenly they abandoned capitalism and turned to socialism. They may yet do it again.

The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate.

The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther Thallinger, on the board of Allianz SE, one of the world’s biggest insurance companies. He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments.

https://www.msn.com/en-ie/money/economy/climate-crisis-on-track-to-destroy-capitalism-warns-top-insurer/ar-AA1CdPA4

Which side are you on?

[cyprusgrump]

Music to my ears. Just like during the pandemic it was strange how suddenly they abandoned capitalism and turned to socialism. They may yet do it again.

The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate.

The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther Thallinger, on the board of Allianz SE, one of the world’s biggest insurance companies. He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments.

https://www.msn.com/en-ie/money/economy/climate-crisis-on-track-to-destroy-capitalism-warns-top-insurer/ar-AA1CdPA4

Which side are you on?

Socialism has never worked anywhere... And will never work.

[Get Real!]

Socialism has never worked anywhere... And will never work.

Socialist Countries 2025

https://worldpopulationreview.com/count ... -countries

Most of the world Grump… maybe you meant communist.