Disaster Capitalism
This morning, we posted excerpts from Goldman's latest projections on the likely economic impact from Hurricane Harvey.
In a response to the tweet that accompanied that post, Notes From Disgracedland’s Bjarne Knausgaard (who regular readers will recall pens some of the best political/economic color around) wrote the following:
https://twitter.com/BjarneKnausgard/status/906877465783660544
Below, find his full commentary on skiing, snow, climate, profits, self-destruction and capitalism -
“Disaster capitalism” – is fueled by “crisis marketing.” Both are classically indicative of a species so overpopulated compared to its resource and opportunity availability, that like over crowed rats – they begin to cannibalize each other.
In humans, we don’t consume each others flesh (yet), instead we consume each others assets. So, there are three terms new to most here: “Crisis marketing” that fuels “disaster capitalism” and both are a part of “asset cannibalism.” It should be noted that in most resource/opportunity limited species, cannibalism occurs just prior to species collapse.