But if the price of that insurance is to reorganize our entire economy or abandon capitalism altogether, as I hear claimed all the time, that would make it the

But if the price of that insurance is to reorganize our entire economy or abandon capitalism altogether, as I hear claimed all the time, that would make it the most expensive insurance product ever offered, by several orders of magnitude. In order to justify that kind of price, it falls on whoever is selling the insurance to demonstrate that this risk is proportionally greater than any of the other risks we typically insure against. Or actually, here's another way to think about it. Due to the global nature of the risk, this insurance is unique in that it requires collective action from everyone. Very different from a typical insurance pool that can work with a smaller group of contributors.