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> there's been an increase in stability and decrease in risk throughout the centuries. Wars, disease, and poverty have been on the decline [0], which is great
by vegetablepotpie 6y ago
> there's been an increase in stability and decrease in risk throughout the centuries.
Wars, disease, and poverty have been on the decline [0], which is great and makes things more stable and predictable, and therefore debt is less risky and less expensive.
It would be great if these trends continue and don’t reverse. However I can’t help but think of the risks climate change will introduce to our world. A world with more extreme weather events is going to chip away at all this stability we have and push us into a less predictable world again [1].
[0]
Is the world getting better or worse? A look at the numbers https://m.youtube.com/watch?v=yCm9Ng0bbEQ https://m.youtube.com/watch?v=yCm9Ng0bbEQ
[1] How climate change threatens to wreck the economy https://m.youtube.com/watch?v=SMBNWmQcRAc https://m.youtube.com/watch?v=SMBNWmQcRAc