Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Your argument seems to be that they commissioned and used voluntarily alarmist projections to raise capital and profiteer with it. But this isn't the only interpretation. If there had indeed been a wave of expensive hurricanes in the last few years, the picture would be different.

The key point here is that there wasn't anything close to such a wave.

I do not argue at this point that insurance companies commissioned anything, or deliberately used projections to raise capital. The only thing I was attempting to bring into view was the cause-and-effect of what can happen when unsettled and controversial science lifts on (popular) sentiment, to the profit of industries and to the detriment of ordinary people. It's not an indictment to industry per se; it is, however, intended as a critical look on how science ticks, and how it effects on society.

by Nomad on Mon Nov 1st, 2010 at 08:38:43 PM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

Occasional Series