What Stage of Capitalism Is This?’ Hedge Fund $3 Billion Richer Thanks to Wager on Wildfire Insurance Claims
Disaster capitalism, like a cancer metastasizing: “While fire victims across California—and elsewhere in the country—continue to suffer the impacts of increasingly destructive wildfires, the ability of hedge funds to profit from such calamities provoked critics of the financial system and its perverse incentives. “ What Stage of Capitalism Is This?’ Hedge Fund $3 Billion Richer …