What a horrible article - capitalism won’t suddenly get destroyed because insurance companies won’t be able to operate anymore with some regions having houses devalued. In fact, it’s quite the opposite in reality: capitalism THRIVES and NEEDS crisis, that’s why you have regular boom & bust cycles to get rid of overproduction, wars, etc.
Capitalism can only be destroyed by the working class, it won’t miraculously go away on it own after some severe crisis, and especially not after a nothingburger crisis as insurers having a harder time.
As insurance / financial people they’re accustomed to seeing things from that perspective - society as a financial machine. They’re describing what they are seeing in their area of expertise and (sensibly!) staying out of areas where they don’t have expertise.
What a horrible article - capitalism won’t suddenly get destroyed because insurance companies won’t be able to operate anymore with some regions having houses devalued. In fact, it’s quite the opposite in reality: capitalism THRIVES and NEEDS crisis, that’s why you have regular boom & bust cycles to get rid of overproduction, wars, etc.
Capitalism can only be destroyed by the working class, it won’t miraculously go away on it own after some severe crisis, and especially not after a nothingburger crisis as insurers having a harder time.
As insurance / financial people they’re accustomed to seeing things from that perspective - society as a financial machine. They’re describing what they are seeing in their area of expertise and (sensibly!) staying out of areas where they don’t have expertise.