Thursday, March 28, 2013

The costs of man made catastrophes

Graph below shows some evidence on the increasing costs of man made catastrophes. Note that some of the weather ones are also associated to global warming and, thus, are man made too (h/t The Economist).
Although the data is for a relatively short period, the increase is clear and significant. This is another reason why State spending to prevent these kind of disasters is called for.

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