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🌊 Can Capitalism Survive Without Insurance?

'There is no capitalism without functioning financial services. And there are no financial services without the ability to price and manage climate risk.' Collapse-awareness can feel abstract; this offers a starkly tangible preview. When a New Zealand insurer raised premiums for flood-expo

Danu Poyner

· 1 minute

Can late-stage capitalism survive without insurance?
thespinoff.co.nz

'There is no capitalism without functioning financial services. And there are no financial services without the ability to price and manage climate risk.' Collapse-awareness can feel abstract; this offers a starkly tangible preview. When a New Zealand insurer raised premiums for flood-exposed homes, it revealed the fragility beneath the system: as regions become uninsurable, mortgages vanish, credit freezes. Not about household budgets so much as whether the math of risk still adds up.

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Danu Poyner

Danu is a writer and founder of Grokkist, a learning community in the deepest sense. His work centres on coherence, curiosity, and helping people make sense of themselves in relation to ideas, experience, and one another.

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