Neoliberal

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Free trade, open borders, taco trucks on every corner. Latest discussion thread: April 2024 **We in m/Neoliberal support:** - Free trade and competitive markets

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Democracy, human rights, civil liberties and due process Neoliberals can be found in many political parties and we are not dogmatic supporters of specific parties. But we tend to find ourselves agreeing more often with parties that espouse liberal values, internationalism and centrist economics, such as the Democrats in the US, Liberal Democrats in the UK, FDP in Germany, Renaissance/MoDem in France, the Liberal Party in Canada, and so on. **Further reading** - I’m a neoliberal. Maybe you are too.
The neoliberal mind
Neo-liberalism and its prospects
Neoliberalism: the genesis of a political swear word **News sources** Here are some suggested news sources that we like and tend to find reliable. Please note that posts and threads are not at all limited to these sources! - The Economist https://www.economist.com/
Financial Times https://www.ft.com/
The Guardian https://www.theguardian.com/
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The Atlantic https://www.theatlantic.com/world/
The New European https://www.theneweuropean.co.uk/
Vox https://www.vox.com/

founded 2 years ago

Parts of America are becoming uninsurable (www.economist.com)

submitted 1 year ago by cyd to c/[email protected]

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https://archive.ph/G0aRF

TLDR: It's partly climate change, but also in large part because regulations forbid insurers from raising rates on homes in disaster-prone areas. This creates perverse incentives for people to live where disaster will strike.

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[–] cyd 9 points 1 year ago

Something interesting about this situation is that it's similar to the issues with the US health insurance system. You have a small minority of claimants who account for a large fraction of insurance claims, yet it seems politically unpalatable to allow insurers to jack up their premiums. Eventually, the government sets up insurers of last resort, so the public effectively subsidizes the riskiest policyholders.

One big difference is that whereas people struggling with health insurance are usually poor, the people facing issues with home insurance are often rich (e.g., those owning property on the Florida coast). And whereas it's dubious whether the costs of getting sick have much deterrent effect, we do want a price signal to deter people from making their homes in disaster-prone places.