UK Guardian Super Worried That Climate Crisis Will Destroy Capitalism

Which is hilarious, since the UK Guardian has been pretty much Modern Socialist and against capitalism (except where it makes the UK Guardian money) for at least 40 years, but, at least they’re honest in their leftist leanings. Anyhow, yeah, the climate crisis is trying to destroy capitalism, since most the climate cultists are socialists who want to destroy it

Climate crisis on track to destroy capitalism, warns top insurer

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.

Horse hockey

Global carbon emissions are still rising and current policies will result in a rise in global temperature between 2.2C and 3.4C above pre-industrial levels. The damage at 3C will be so great that governments will be unable to provide financial bailouts and it will be impossible to adapt to many climate impacts, said Thallinger, who is also the chair of the German company’s investment board and was previously CEO of Allianz Investment Management.

Yeah, well, we’re nowhere near that, and won’t be anywhere near that anytime soon. If at all

The core business of the insurance industry is risk management and it has long taken the dangers of global heating very seriously. In recent reports, Aviva said extreme weather damages for the decade to 2023 hit $2tn, while GallagherRE said the figure was $400bn in 2024. Zurich said it was “essential” to hit net zero by 2050.

There are more expensive things in the way of storms, which always happen. No one really worried about hurricanes in Florida until the mid-1900’s. While you had people living there, the boom didn’t start till the 1920’s, but, it took awhile before people were truly creating massive cities and suburban areas. There are more and more dwellings and business buildings in Tornado Alley. Go figure. More and more on the coasts, and they are more and more expensive. If you’re putting more in what has always been a risk area and making it all more expensive then it’s going to cause insurers a headache. It won’t kill capitalism. Of course, that’s what the cult wants to happen. They want the government in charge of everything.

A few points on flooding:

1. Flooding is not related to “climate change.” Heavy rain happens from time to time and subsequent flooding is generally related to land use and poor storm water management.

2. There is no such thing as a 100-year or 500-year flood. Weather is not… pic.twitter.com/QFCGkc1KI2

— Steve Milloy (@JunkScience) April 3, 2025

Construction has messed with how the water flows, for instance. Roads, buildings, this and that. Trying to control where streams and rivers flow. All those levees and such that were implemented to control Mississippi River flooding actually made flooding worse elsewhere on the river. Of course you get flooding in New Orleans, since so much is at or below sea level. But, they keep building. All these buildings and roads in fire prone areas that the government refuses to help mitigate the fire risks. Anyhow, the cult would love to see the government in charge of the economy.

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