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Larry Hogue's avatar

NYT had an article about homeowners insurance this morning. It let you check to see how home insurers are doing in your state. I was surprised to see that insurers in my state of Michigan went deeply into the red last year, after being in the green in previous years. And that seems to be due to one set of storms with tornadoes that hit mid-Michigan (around Lansing) last summer. And I thought we were pretty insulated from disasters here! I'm wondering what my new rate will be when my policy renews in a couple months.

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Benjamin Jullien's avatar

Thank you Andrew - inc. for flagging Hamilton's piece, realy useful!

I enjoyed the Stiglitz oped, but couldn't help think he was a bit naïve when saying that neoliberals "believe firms should maximize shareholder value, doing whatever they can get away with, *because bigger profits serve the common good*".

I would contend these people have proven time and time again that they don't give a damn about the common good or about "growing the pie" for everyone. They care about their getting ahead of others, ie, increasing their share of the pie, and NOTHING ELSE.

They will even wilfully make the pie shrink if it means their share gets bigger (in absolute terms) - and indeed that's precisely what they're doing when they keep investing in fossil fuels and other high-emission industries: they're stocking up climate impacts on the poor and vulnerable (and increasingly on the middle class) and betting they can shield themselves from climate impacts thanks to their wealth...

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