• JakenVeina@midwest.social
    1·
    2 days ago

    So, it’s insurance, but backed by investment bankers and capitalists, at the expense of small governments. Brilliant. Can’t see any way this could end badly.

    • silence7@slrpnk.netOPM
      2·
      2 days ago

      Done well, it can be ok. Catastrophe bonds are decent as a means of buying insurance for really big but infrequent damaging events, like earthquakes. Not that its done well on any kind of consistent basis