Disaster capitalism - How financial markets benefit from the climate problem | DW Documentary

Disaster capitalism - How financial markets benefit from the climate problem | DW Documentary Getting rich by betting on a future catastrophe? Thanks to something known as "catastrophe bonds” or "cat bonds” for short, this is now possible. A financial tool that trades on suffering and misery. In the world of big financial investments, there’s a market for pretty much anything. Including for future catastrophes, caused by natural disasters and other factors. So-called "cat bonds” speculate on the probability of a disaster occurring, and bet on how much damage it could cause. After all, climate change is happening and its consequences - dev......

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