A Safety Net for Global Capitalism
Inside Munich Re, the World's Risk Center
By Uwe Buse
EXTRACT 1: An endless supply of data, probably unparalleled in its breadth and depth, flows from every continent to a cluster of buildings on the edge of the English Garden in Munich. An encyclopedia of life, its dangers, its injustices, its coincidences, is being assembled there. There is probably no other place on Earth where the risks of the modern world are being studied more intensively and comprehensively than at the headquarters of Munich Re, the world's risk center.
EXTRACT 2: Today Munich Re wins accolades for its restraint, while its shareholders are eagerly awaiting the results of a new project. The goal of the project under development in Oechslin's department, more comprehensive than any other project before it, is to redefine the limits of knowledge by developing a global risk model.
Phi Beta Iota: This is a superb article that ably documents how much can be known–and shared–that most governments and international organizations are simply not conscious of, or if conscious, exploiting microscopic bits of the data for nefarious purposes. These are the kind of people that could and should be at the heart of creating a World Brain and Global Game.