Socialism does not claim it will end all natural disasters but it does say such a cooperative sciety would minimise and mitigate the effects of natures calamities.
Capitalism tends to classify such events in money terms, socialists look at them from the viewpoint of the human tragedies. Millions of people have had to cope with the impacts of extreme weather events. Researchers say that the influence of climate change on extreme events is strong and likely to continue growing
In 2020 floods in China and India causing damages of more than $40bn.
Over a period of months, heavy flooding in India saw more than 2,000 deaths with millions of people displaced from their homes. The value of the insured losses is estimated at $10bn.
China suffered even greater financial damage from flooding, running to around $32bn between June and October this year. The loss of life from these events was much smaller than in India.
In the US, record hurricanes and wildfires, caused some $60bn in losses.
Africa was also on the receiving end of extreme events, with massive locust swarms ruining crops and vegetation to the tune of $8.5bn. The UN has linked these swarms to climate change, with unusually heavy rains in the Middle East and the Horn of Africa in recent years contributing to the locust outbreaks.
South Sudan's floods weren't among the costliest in dollar terms, they have had a huge impact, killing 138 people and wiping out this year's crops.
Richer countries have more valuable properties, and on the whole suffer greater financial penalties from extreme events.