As increasingly severe natural disasters ravage the South, insurance companies are abandoning clients, increasing premiums, and fighting regulation measures — forcing homeowners to fend for themselves in the wake of destruction.
It’s so surprising that creating an economic relation based on the concept of providing resiliency in the face of disasters for paying subscribers is having solvency issues because of increased disaster rates that have been predicted for decades. I recall someone writing about the tendency of the rate of profit to decline, and I think it might be especially relevant here.
That’s really not what the tendency of the profit rate to decline is about. It’s based on an observation of the changing ratio of constant capital to variable capital (labour) as a given industry matures.
It’s so surprising that creating an economic relation based on the concept of providing resiliency in the face of disasters for paying subscribers is having solvency issues because of increased disaster rates that have been predicted for decades. I recall someone writing about the tendency of the rate of profit to decline, and I think it might be especially relevant here.
That’s really not what the tendency of the profit rate to decline is about. It’s based on an observation of the changing ratio of constant capital to variable capital (labour) as a given industry matures.
Marx has written about ecology, though.