Submitted 2 weeks ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
Exclusive: Report by risk experts says previous assessments ignored severe effects of climate crisis
Archived version: web.archive.org/…/economic-growth-could-fall-50-o…
SpinScore: spinscore.io/?url=https%3A%2F%2Fwww.theguardian.c…
Good. The push for endless “growth” is a primary reason why the planet is being destroying. If capital won’t curtail itself, the planet will do it for them.
It’s much much worse than this, and saying 2070-2090 growth might be 1% instead of 2% or 2% instead of 4% is a fairly useless comment.
First, healthcare insurance in US is 16% of GDP while most developed countries are 11% or lower. Even with free/universal healthcare. Most countries have higher life expectancy. I cite this just to say that bringing US healthcare costs down to 11% of GDP is an automatic GDP reduction of 5%. But that GDP is BS. It is GDP generated by overspending and corruption.
Current effects of global warming on the US includes insurance costs. Where insurance is mandatory, it is GDP growth if artificially expensive vehicles and homes do not affect ownership. Expensive insurance is not an actual life benefit, even if it grows GDP.
Drought and flooding and hurricane events, grow GDP by replacing property, even if that too does not create life/wealth improvements. Food scarcity events will make food more expensive. GDP growth, life diminishment.
Cost of living related to survival needs, where even luxury homes and transportation are included in survival category, is the real impact of global warming. Your money left over after survival expenses is your “real net income”. Global warming impacts can be measured now, and what needs to be projected for near and decades future. These headlines are dumb and unpersuasive.
Cocoa and coffee are both currently impacted by global warming. Both are addictive substances, though coffee is more.
Oh no, not the line!stonks-down
P00ptart@lemmy.world 2 weeks ago
Seems awfully optimistic. Growth is going to be hard to come by with climate, disease, war, wealth inequality, dwindling resources, population decline and fascism all working against it.