Book contents
- Fragile Futures
- Fragile Futures
- Copyright page
- Contents
- Acknowledgments
- Epigraph
- Part I Uncertain Future Events and Reactions to Them
- 1 Introduction
- 2 Risky Versus Uncertain Events
- 3 Taxonomy of Disasters
- 4 Democracy, Capitalism, and Random Events
- Part II Pandemics and Other Disasters
- Part III Climate Change and Global Warming
- Part IV Back to Some Theoretical Issues
- References
- Index
4 - Democracy, Capitalism, and Random Events
from Part I - Uncertain Future Events and Reactions to Them
Published online by Cambridge University Press: 28 April 2022
Book contents
- Fragile Futures
- Fragile Futures
- Copyright page
- Contents
- Acknowledgments
- Epigraph
- Part I Uncertain Future Events and Reactions to Them
- 1 Introduction
- 2 Risky Versus Uncertain Events
- 3 Taxonomy of Disasters
- 4 Democracy, Capitalism, and Random Events
- Part II Pandemics and Other Disasters
- Part III Climate Change and Global Warming
- Part IV Back to Some Theoretical Issues
- References
- Index
Summary
Description: Democratic governments and market economies tend to create particular obstacles in preparing for the possible coming of uncertain events. Frequent elections discourage governments from spending scarce resources to deal with events that are uncertain and that may never materialize. The need to minimize costs and to stay competitive discourages private enterprises from spending resources on uncertain future events and disasters. The result is underpreparation for what are considered Acts of God.
- Type
- Chapter
- Information
- Fragile FuturesThe Uncertain Economics of Disasters, Pandemics, and Climate Change, pp. 32 - 36Publisher: Cambridge University PressPrint publication year: 2022