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by mschuster91 358 days ago
> There's no reason to expensively launch your own forecasting system when you can instead just wait for someone else to do it and then use their insurance rates to do your own forecasting.

Indeed but who's going to do that? The US government will, more likely than not, have lost the ability entirely, and Europe... good luck waiting on us.

> Which is why the government running satellites it would need to run anyway is much more efficient

Indeed. But there is no opportunity for continuous recurring grift revenue in that, and that is all that drives the current administration.

2 comments

Well exactly - it's a classic tragedy of the commons situation. The first one to solve the problem bears all the expense, and worse so long as no one solves the problem you can also just raise rates to cover the broader risk pool. Meanwhile the tax payer has still paid for the actual instrument to be built and operated - they just get no benefit from it.
The European tornado models have been superior to the US models for a long time, and the US has relied on them heavily. Not sure if the European models use the data from those satellites though, probably.