I would argue we will reach an "agricultural sector Minsky moment" before a "natures moment".

A sudden system collapse as risks explode. Failure to account for ecosystem service dependency across a

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Benjamin Warr
Benjamin Warr

I would argue we will reach an "agricultural sector Minsky moment" before a "natures moment".

A sudden system collapse as risks explode. Failure to account for ecosystem service dependency across a

2 months ago

I would argue we will reach an "agricultural sector Minsky moment" before a "natures moment".

A sudden system collapse as risks explode. Failure to account for ecosystem service dependency across agricultural landscapes means inefficient and inadequate allocation of resources to this "sector". Worse perverse subsidies flow to negative externalities that generate systemic risk that is poorly quantified and even less well understood.

Your financial institution may not see the agricultural sector as "material", you may not even invest in agriculture, but the very stability of all other sectors depends on it. That means.....it's material to everyone.