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The disaster we have yet to face http://apocadocs.com/s.pl?1223566745
[I]t is even more important to ask ourselves what the economic crisis reveals about our ability to control all our tsunamis, financial and otherwise. Foremost is the worst imaginable tsunami: an uncontrollable disruption of climate leading to panic and instability of the kind we are currently experiencing.
For the stakes of such a climate crisis are high. The current financial tsunami will, at worst, provoke a major recession, whereas a climatic tsunami will, at worst, destroy humanity. Am I exaggerating? No. First, the data: the cost of the ecological impact of CO2 emissions from countries in the Northern Hemisphere from these "toxic products" -- to employ a phrase that has been used to describe financial derivatives -- has been put at $3 trillion, perhaps more than the losses that will arise from the financial crisis. This ecological impact will only grow, and with it the effect on temperatures, on oceans, on glaciers, on storms.
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We've been living on borrowed Natural Capital for a long time. Can humans bail out the Big Banker?
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