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It's not about the survival of Humanity, but rather about global trade disruptions, mass-migrations, and massive property damage on a scale we've never seen. Hu
by fogihujy 5y ago
It's not about the survival of Humanity, but rather about global trade disruptions, mass-migrations, and massive property damage on a scale we've never seen. Humanity will be fine, but if it goes really bad then it will cause a lot of suffering and it may take centuries to recover.
- PicassoCTs 5y agoSo, if i were to write a algorithm, that determines the new shoreline - and buys property there, i could profit from this when?
- jfengel 5y agoIt doesn't work like that. We don't get a new shoreline miles away. What we get is every single existing ocean port city (which is a lot of the largest cities) being threatened by more frequent flooding. They're all right at sea level, because that's where you build port cities. Not all of these cities really depend on being ports any more, but that's how they became major population and business centers. They don't just pick up and move something like that. There's no place you can say, "Oh, they're going to move New York over to X, so I'll buy land there now". Even if they did for some reason decide that it was so bad they had to abandon New York (or Charleston or San Francisco or lots of others), there's no one place that it goes. The whole human geography of it changes.
- fogihujy 5y agoJust to add some international perspective to that: were talking multiple capitals, and entire countries being rendered uninhabitable. If ALL of the ice on Greenland melts (which luckily isn't likely here an now, but we're talking scenarios, right?) then over a billion people will end up being displaced.
- ceejayoz 5y agoProperty rights tend to require a functional society to effectively utilize.
- drknownuffin 5y agoNow. There are already hedge funds purchasing land based on this idea.
- gooseus 5y agoAnd the third order effects will be further destabilization leading to more wars, which may go nuclear, and will all feed back into more environmental degradation.