Most people cannot comprehend the prospect of catastrophic changes in their situation

 In his elegiac memoir The World of Yesterday, which he wrote while in exile from the Nazis, the Austrian writer Stefan Zweig observed that most people cannot comprehend the prospect of catastrophic changes in their situation. 

Things can get incrementally worse for a long time without prompting a reaction. Once catastrophe strikes, it is too late to act.

Climate change-induced weather events are one obvious type of catastrophe. These could render uninhabitable large, densely populated parts of the planet, and it might already be impossible to avert large-scale population movements stemming from them.

Climate scientists need to integrate their work with that of political scientists, and epidemiologists should do the same with economists. Analyzing the risks of catastrophe creates the obligation to act now.

Diane Coyle Project Syndicate Aug 5, 2021

https://www.project-syndicate.org/commentary/global-catastrophes-human-perception-and-action-by-diane-coyle-2021-08

Diane Coyle, Professor of Public Policy at the University of Cambridge, is the author, most recently, of Markets, State, and People: Economics for Public Policy.

Doom: The Politics of Catastrophe Niall Ferguson  

https://www.bokus.com/bok/9780593297377/doom/

Why do the frogs of Wall Street stay in the boiling pot? Stockman. 

Och Englund om de borgerliga grodorna som inte är lustiga att se.

https://englundmacro.blogspot.com/2016/05/why-do-frogs-of-wall-street-stay-in.html