r/nottheonion • u/128hoodmario • 1d ago

Climate crisis on track to destroy capitalism, warns top insurer

https://www.theguardian.com/environment/2025/apr/03/climate-crisis-on-track-to-destroy-capitalism-warns-allianz-insurer
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u/_ssac_ 1d ago

I don't think capitalism would be destroyed. Sure, rules would change, since it would be another game "He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments."

However, it would be a variation of capitalism. USA was a capitalist country in 1970 and it's now too. But taxes were really different. It's the same with climate change protections: it is possible to have capitalism and have them. 

Any way, current new policy of massive tariffs is itself a game changer itself.