It Would Be Nice to Ignore the Tech Mogul on the Climate Crisis. But He's a Billionaire, So We Can't.
Let's address the central dilemma: The Microsoft founder is a politics denier. Though he came to it late, he now recognizes environmental science. But he lives in flat, embarrassing denial about the realities of power. His latest essay on climate, shared days ago, approaches climate change without political context. He writes as if there were no such thing as political power, and no such thing as billionaires.
The Main Contention
His primary argument suggests that financial resources are scarce, so the delegates at this month's climate summit in Brazil should direct money away from "near-term emissions goals" towards climate "adaptation" and allocating funds for economic hardship and illness.
Certainly, money for worthy projects is limited, but that's not because of some natural law, an unchangeable fact of civilization. The reason is elite influence has declared war on government social programs, causing the dismantling of aid agencies and drastic cuts to the aid budgets of additional nations. Austerity is a political choice. The selection to enforce it originates with leaders submitting to the preferences of the ultra-rich.
Existing Wealth
Substantial financial resources are present. Just after Gates published his new missive, research showed that the total wealth of the 10 richest US billionaires expanded by hundreds of billions over the last year. This amount by itself, the increment in the wealth of 10 people, is nearly tenfold the money needed each year to stop deep deprivation worldwide. Through what means did they accumulate of global wealth into personal accounts? What prevents redistribution through appropriate revenue collection? The solution lies in their conversion of economic power into political power. As their wealth increases, the more they can bend political and economic frameworks to their preferences, securing ongoing financial growth. But the philanthropist discusses nothing in his essay about how and where extra money for both environmental measures and economic assistance could be identified.
'The article seems designed as appeasement toward Donald Trump.' Gates photographed with the former president for business leaders in Washington DC.
The Poverty-Wealth Connection
An obvious relationship appears between the deprivation Gates says concerns him and the wealth he fails to mention. In the US, unhoused populations are reaching new highs, and so is the share of assets owned by the top 0.1%. Even if this doesn't characterize Gates' specific methods, by suppressing salaries, increasing housing costs, busting trade unions and winning tax and spending cuts, extremely wealthy individuals benefit from others' economic struggles.
Research Findings
A significant investigation in academic political journals, among the very few to have penetrated this secretive world, found that billionaires maintain completely separate political opinions from the great majority. The wealthy respondents in the study, in stark contrast to mere earthlings, viewed government debt as paramount of the issues it listed, and climate breakdown as the least. They were far more likely to insist that social security and federal healthcare should be cut, and significantly less prone to accept that jobless individuals deserve adequate living conditions, or that there should be more regulation of oil companies, banks and health insurers. They were fiercely opposed to redistribution.
Political Influence
So whose views prevail? The tiny minority or the great majority? Though the study was conducted in the Obama years, it found that billionaires maintained closer relationships with government figures than regular individuals. And now? The current reality seems obvious.
Missing Elements and Presumptions
Here's another crucial exclusion from the billionaire's article: across extensive text, the former president receives no reference. If Gates included this, he'd have to recognize that an important foundation of his argument is unstable: lower prices for sustainable technology inevitably produces environmental improvement. Naturally, it's beneficial that renewable energy costs are dropping significantly than traditional energy sources. But The former president and comparable figures are doing everything they can to impede the transition.
To some degree because of this, traditional energy sources stay very profitable. This might explain, even though Gates states his organization sold all direct fossil fuel investments in 2019, its oil and gas financial assets have, truly expanded.
Cognitive Considerations
For Gates, challenging billionaire influence might seem impossible. I don't mean only that it clashes with his worldview. Considering his significant avoidance of this subject, he could genuinely find it impossible to consider. Perhaps this is a symptom of "billionaire brain": a fundamental failure to comprehend alternative viewpoints. While the ultra-rich are notoriously hard to study, inferring from investigations about money's effect on mental processes could suggest that acquiring huge amounts of money is like taking a blow to the head. Riches appear to disrupt specific mental processes, particularly those related to empathy and perspective.
Strategic Considerations
But perhaps there's also calculation here: his essay reads like nothing so much as a peace offering to Donald Trump. Trump definitely understood it as such: "We've defeated the climate change falsehood." The billionaire has acknowledged his complete error. This required bravery, and we appreciate it. MAGA!!!"
Background Information
The billionaire has consistently been incorrect on the issue, although not for Trump's stated reasons. He has repeatedly been behind current understanding, echoing petroleum industry talking points (clean technology could decrease pollution only through enormous spending) long after they've been discredited. He has disseminated uncertainty and false information, including the unsupported claim in his recent writing that the intention behind Sri Lanka's failed prohibition on artificial fertilizers aimed at pollution decrease.
Additional Tough Truths
The billionaire titles his piece Three Difficult Climate Realities. Thus, here's another difficult reality he carefully avoids. Should, as appears probable, vital planetary systems reach critical thresholds and quickly deteriorate, the effects on human life, not to mention the existence of other species (an issue he regularly neglects), would ruin the consistent development he anticipates. Because environmental change is likely to proceed not in gradual and linear ways, but through sudden changes of state, the possible impacts on human wellbeing are extremely hard to predict. His argument that we should align all funding to current "data-based analysis" of improvements in human welfare, although it may appear reasonable, creates significant illogic when confronting systemic transformation, {prompting us to ignore the greatest