Watching the Texas floods on the Fourth of July while boomers deny climate change and give themselves a $1 trillion tax cut is beyond parody. Insurance companies—hardly known for liberal overreach—are bailing on Florida, parts of California, now maybe Texas. Not because they “believe” in climate change. Because they’re pricing it.

The Chamber of Commerce and Abundance types are out here dreaming of cutting ribbons on new developments in floodplains while insurance companies are cutting losses. The invisible hand is slapping them across the face, but still treat it like a vibes-based attack on freedom. “Don’t tread on me,” they say, ankle-deep in seawater. And yet, the same duopoly that swears by free markets can’t seem to hear the fire alarm ringing from the heart of competition lalaland.

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Aviator, diver, Etherean, nexialist, PhD in aviation and climate science, host of /diving /ethfinance /forteantimes /geopolitics /science /singapore /thomas

The thing about karma is—it’s unevenly distributed. It doesn’t land clean. See the 27 girl campers swept away. What’s truly despicable is the generation of systemantics lifers who signed off on this trajectory while quoting Taleb and citing Ashby. People who nodded sagely when Elon Musk was gutting FEMA the national weather service forecast or air controllers—during their victory lap.  So yes, maybe karma’s in motion—but it’s not divine. It’s infrastructural. And it crushes indiscriminately.

The same mechanism that enabled them to benefit boundlessly from negative externalities (free market capitalism and the absence of fair pricing of the social cost of carbon at the well) will now turn on them (the market refusing to cover their risk, leading to a complete write off of their properties).

There’s poetic karma in this, but unfortunately everyone else gets turbofucked in the process too