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	<title>Comments on: How far should we go in climate proofing inhospitable lands?</title>
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	<link>http://www.investoralist.com/how-far-should-we-go-in-climate-proofing-inhospitable-lands/</link>
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		<title>By: investoralist</title>
		<link>http://www.investoralist.com/how-far-should-we-go-in-climate-proofing-inhospitable-lands/comment-page-1/#comment-2416</link>
		<dc:creator>investoralist</dc:creator>
		<pubDate>Wed, 15 Jul 2009 20:26:26 +0000</pubDate>
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		<description>Hi there, &lt;br&gt;&lt;br&gt;Thank you for the comment. I would agree that governments have a huge part to play in terms of aiding or rejecting these subsidized efforts. For every land filling project that takes place in low sea areas, there&#039;s probably a Three Gorges getting flooded somewhere, paid for by the government.  &lt;br&gt;&lt;br&gt;Although in democratic communities in the west, I wonder if the gov&#039;t merely carries out the popular wishes of the public.  Afterall, if you live in a country in the Netherlands - where should nature had its way, would be halfway underwater centuries ago, what would you do as a community/political system? You would attempt to tame nature, almost at all cost, should you not want to let your land/clan/race disappear.</description>
		<content:encoded><![CDATA[<p>Hi there, </p>
<p>Thank you for the comment. I would agree that governments have a huge part to play in terms of aiding or rejecting these subsidized efforts. For every land filling project that takes place in low sea areas, there&#39;s probably a Three Gorges getting flooded somewhere, paid for by the government.  </p>
<p>Although in democratic communities in the west, I wonder if the gov&#39;t merely carries out the popular wishes of the public.  Afterall, if you live in a country in the Netherlands &#8211; where should nature had its way, would be halfway underwater centuries ago, what would you do as a community/political system? You would attempt to tame nature, almost at all cost, should you not want to let your land/clan/race disappear.</p>
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		<title>By: investoralist</title>
		<link>http://www.investoralist.com/how-far-should-we-go-in-climate-proofing-inhospitable-lands/comment-page-1/#comment-2290</link>
		<dc:creator>investoralist</dc:creator>
		<pubDate>Wed, 15 Jul 2009 14:26:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.investoralist.com/?p=1332#comment-2290</guid>
		<description>Hi there, &lt;br&gt;&lt;br&gt;Thank you for the comment. I would agree that governments have a huge part to play in terms of aiding or rejecting these subsidized efforts. For every land filling project that takes place in low sea areas, there&#039;s probably a Three Gorges getting flooded somewhere, paid for by the government.  &lt;br&gt;&lt;br&gt;Although in democratic communities in the west, I wonder if the gov&#039;t merely carries out the popular wishes of the public.  Afterall, if you live in a country in the Netherlands - where should nature had its way, would be halfway underwater centuries ago, what would you do as a community/political system? You would attempt to tame nature, almost at all cost, should you not want to let your land/clan/race disappear.</description>
		<content:encoded><![CDATA[<p>Hi there, </p>
<p>Thank you for the comment. I would agree that governments have a huge part to play in terms of aiding or rejecting these subsidized efforts. For every land filling project that takes place in low sea areas, there&#39;s probably a Three Gorges getting flooded somewhere, paid for by the government.  </p>
<p>Although in democratic communities in the west, I wonder if the gov&#39;t merely carries out the popular wishes of the public.  Afterall, if you live in a country in the Netherlands &#8211; where should nature had its way, would be halfway underwater centuries ago, what would you do as a community/political system? You would attempt to tame nature, almost at all cost, should you not want to let your land/clan/race disappear.</p>
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		<title>By: This Young Economist</title>
		<link>http://www.investoralist.com/how-far-should-we-go-in-climate-proofing-inhospitable-lands/comment-page-1/#comment-2282</link>
		<dc:creator>This Young Economist</dc:creator>
		<pubDate>Tue, 23 Jun 2009 23:02:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.investoralist.com/?p=1332#comment-2282</guid>
		<description>I think you ask some great questions, but I wonder if you undervalue the role of government in pushing individuals to live in averse conditions.  Here&#039;s what I have in mind:&lt;br&gt;&lt;br&gt;People who live in hurricane country get hit by hurricanes with regularity.  Yet, they receive federal aid to rebuild on that same location.  Similarly, people live in wildfire prone areas.  Every year the wildfires come, and the onus is on the government to protect those houses from wildfires.&lt;br&gt;&lt;br&gt;In both of these cases, the government support individuals implicit insurance (sometimes explicit with programs that funnel disaster relief money to rebuild damaged houses) for a very risky developments.  What&#039;s worse is that individuals don&#039;t pay for this insurance one bit.  Hence, we have this equilibrium where people overdevelop in beautiful, but risky, areas.  When development is ravaged by nature (a likely event), we all chip in for them to rebuild.  And, the process repeats.&lt;br&gt;&lt;br&gt;As you mention, climate change is making some lands increasingly inhospitable.  At an individual level, we have little control over that, but we can control where we build houses.  Plus, we can anticipate the places that will be most affected by climate change -- hurricane country, anywhere near mature and drying forests, etc.  At an individual level, the solution is to not build in those places.  Unfortunately, that&#039;s not what our incentives tell us to do because we&#039;re protected by our government if something goes wrong.  And, our rebuilding on those same risky locations is -- to some degree -- subsidized.&lt;br&gt;&lt;br&gt;Something about that seems wrong to me.</description>
		<content:encoded><![CDATA[<p>I think you ask some great questions, but I wonder if you undervalue the role of government in pushing individuals to live in averse conditions.  Here&#39;s what I have in mind:</p>
<p>People who live in hurricane country get hit by hurricanes with regularity.  Yet, they receive federal aid to rebuild on that same location.  Similarly, people live in wildfire prone areas.  Every year the wildfires come, and the onus is on the government to protect those houses from wildfires.</p>
<p>In both of these cases, the government support individuals implicit insurance (sometimes explicit with programs that funnel disaster relief money to rebuild damaged houses) for a very risky developments.  What&#39;s worse is that individuals don&#39;t pay for this insurance one bit.  Hence, we have this equilibrium where people overdevelop in beautiful, but risky, areas.  When development is ravaged by nature (a likely event), we all chip in for them to rebuild.  And, the process repeats.</p>
<p>As you mention, climate change is making some lands increasingly inhospitable.  At an individual level, we have little control over that, but we can control where we build houses.  Plus, we can anticipate the places that will be most affected by climate change &#8212; hurricane country, anywhere near mature and drying forests, etc.  At an individual level, the solution is to not build in those places.  Unfortunately, that&#39;s not what our incentives tell us to do because we&#39;re protected by our government if something goes wrong.  And, our rebuilding on those same risky locations is &#8212; to some degree &#8212; subsidized.</p>
<p>Something about that seems wrong to me.</p>
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