Comment by mikeyanderson
8 years ago
Hurricane Katrina was estimated to have over $200 billion in losses—if that's true, it seems like there should be more investment in this type of infrastructure.
8 years ago
Hurricane Katrina was estimated to have over $200 billion in losses—if that's true, it seems like there should be more investment in this type of infrastructure.
Why? When you can use disaster capitalism and profit on the "volatility" provided by such events?
I've heard it said that in the UK a fatal car crash increases GDP by about £1 million.
Reference?
A quick skim only showed studies showing cost of each fatality e.g. USD 1.6e6 in US listed here https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/...
No chance.
http://bastiat.org/en/twisatwins.html
I think you mean 'decreases'
2 replies →
Thanks, Keynes.
s/Keynes/Klein/
https://en.wikipedia.org/wiki/The_Shock_Doctrine