2009 Will Be a Year of Panic

Bruce Sterling: 2009 Will Be a Year of Panic.


“…a delusion that lasts for decades is not a delusion. It’s an institution. And these, our institutions, are what now fail us.”

and

“Insurance underlies the building and construction trades. If those rates skyrocket, that system must keel over. Once people lose faith in the institution of insurance — because insurance can’t be made to pay in climate-crisis conditions — we’ll find ourselves living in a Planet of Slums.”