Staniford said last year on his blog that resilience is higher with modern civilizations because we have greater economic surpluses:
... modern civilization operates at far higher levels of economic surplus than past civilizations, and this means that it is in a position to devote far higher levels of economic resources on solving certain kinds of problems.
Unless we decide not to, as it looks like was happening as help for Joplin was tossed into political bartering in June...
But a congressman from Alabama linked the two when he introduced legislation creating a disaster aid package that would be financed by a $1.5 billion cut from a loan program to encourage the production of fuel-efficient vehicles. In turn, $1 billion would go to disaster relief.
And now after Irene:
“For any projects that have not come in for approval, we’re not going to be able to fund those at this point. We’re going to postpone those,” FEMA Administrator Craig Fugate said at a White House briefing Monday, referring to some efforts in Joplin.
It seems to me financialization has converted just about every asset into debt - that's the point of the FIRE economy right? So with everything hedged and leveraged to the hilt do we even have any surplus left or is it all mortgaged - and underwater - sorta-speak?
That's the ShadowStats version of real GDP. I'd bet if you overlaid a plot of private and public debt on that chart you'd see a correlation - not to mention all the artificial gambling lines sold as investments.
Most of us have insurance - I carried car insurance through AIG till they went broke underwriting real estate tranches and who knows what. Where are all the assets we assume the insurance cos have just laying around waiting for our claim?
My question is not about politics or even so much about economics, we'll never agree about those, my question is about how you view your personal preparations for disasters in light of current political/economic climate?
Do you rely on the Ministries of Love & Plenty, or your insurance company... what do you do to protect yourself?
What do you see happening as available oil declines; do we become more willing to help each other or less?
http://motherjones.com/mojo/2011/06/our ... r-disaster
http://earlywarn.blogspot.com/2010/04/w ... ience.html
http://www.latimes.com/news/nationworld ... 7342.story