Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Friday 1 September 2023
Catastrophe for Sale | Planet Finance (5/6)
Aug 26, 2023 | On Planet Finance, there is a market for almost anything. Even for a future disaster that has not yet occurred and may never happen. As the risks of climate change pile up, it appears that money can be made in the Disaster Bond Market on the risk of future wildfires, floods and hurricanes. There is speculation on what the probability is that a catastrophe will occur. And especially on how much damage it might cause. How does this market work? And who are the winners and who are the losers?
In this six-part documentary series, Marije Meerman takes you to Planet Finance. Who live and work there? What language do they speak? What is the use of this planet, and what makes this financial world so attractive to so many people?
