the uninsurable future

In Limits to Growth, the groundbreaking study of future resource and capital flows, the authors noted that what will ultimately halt growth is not lack of resources, but the dedication of all investable capital to maintaining the existing system. This will leave no capital for expanding the size of the economy. Rising insurance and rebuilding costs [from climate change, from aggregate infrastructure complexity] are becoming a major destination for capital that would otherwise go towards producing economic growth. This is moving us ever closer to outcome suggested by the Limits to Growth researchers. -- Climate change and the uninsurable future Kurt Cobb