It Would Be Nice to Dismiss the Tech Mogul on the Climate Crisis. But His Wealth Matters, So We Can't.
Let's start with the core issue: Bill Gates denies political realities. Though he came to it late, he now acknowledges climate change facts. But he operates in blatant, cringeworthy denial about the realities of power. His new piece on climate, shared days ago, discusses the topic as though politics didn't matter. He composes text ignoring political influence, and as if extreme wealth didn't exist.
The Main Contention
His key position states that funds are very limited, so the participants in the upcoming climate meeting in Brazil should shift funding from "immediate carbon reduction objectives" towards climate "adaptation" and spending on poverty and disease.
Admittedly, resources for positive initiatives are insufficient, but that's not because of some natural law, an unavoidable reality of communities. This results from wealthy interests attacking on benign state spending, resulting in the elimination of development assistance and substantial decreases in support money of various states. Budget cuts represent political decisions. The selection to enforce it originates with leaders submitting to the preferences of the ultra-rich.
Available Resources
Massive amounts of wealth exist. Soon after the billionaire released his essay, Oxfam revealed that the net worth of the 10 richest US billionaires expanded by hundreds of billions in the past year. This amount by itself, the increment in the wealth of 10 people, is almost 10 times the money needed each year to stop deep deprivation worldwide. Through what means did they accumulate of the world's money into their pockets? What prevents redistribution through appropriate revenue collection? The solution lies in their conversion of wealth into policy-making authority. The richer they become, the greater their ability to influence political and economic frameworks to their will, securing ongoing financial growth. But the philanthropist discusses nothing in his essay about methods and sources for additional funds for both climate solutions and hardship alleviation could be identified.
'His writing appears primarily as reconciliation with Donald Trump.' Bill Gates, right, with the Trumps at a private dinner for business leaders in Washington DC.
Rich-Poor Dynamic
There's a direct link between the economic hardship Gates professes to address and the riches he overlooks. In the US, homelessness is breaking records, and so is the share of assets owned by the top 0.1%. Even if this doesn't characterize Gates' specific methods, by keeping pay low, driving up rental prices, busting trade unions and securing tax reductions and budget decreases, extremely wealthy individuals benefit from others' economic struggles.
Research Findings
A remarkable study in political science publications, one of the rare examinations of this private sphere, found that extremely wealthy individuals hold vastly distinct political perspectives from most people. The wealthy respondents in the study, sharply different from average people, viewed government debt as paramount of the issues it listed, and ecological crisis as insignificant. They were significantly more prone to argue that public retirement benefits and government medical care should be reduced, and significantly less prone to accept that the unemployed should have a "decent standard of living", or that there should be stricter rules for petroleum corporations, banking entities and medical coverage companies. They were fiercely opposed to redistribution.
Governmental Access
So whose views prevail? The small elite or the vast population? Though the study was conducted in the Obama years, it found that the very rich had far more access to politicians and officials than average citizens. How about today? I scarcely think I need to spell it out.
Omissions and Assumptions
Here's another crucial exclusion from the billionaire's article: across extensive text, the former president receives no reference. Should the billionaire address this, he'd have to recognize that an important foundation of his argument is unstable: reductions in the cost of new green technologies lead inexorably to environmental progress. Of course it helps that wind, solar and other green technologies are becoming radically cheaper than traditional energy sources. But The former president and comparable figures are taking all possible actions to block the shift.
Partly as a result, fossil fuels remain highly lucrative. This might explain, despite Gates's claim that his foundation had divested all its "direct holdings in oil and gas companies" in 2019, its fossil fuel stock and bond holdings have, in fact, increased.
Psychological Factors
To Gates, overthrowing the power of the ultra-wealthy may be unthinkable. It's not merely incompatible with his outlook. I mean that, judging by his remarkable silences on the issue, he might be literally incapable of thinking about it. Possibly this represents "extreme wealth mentality": a deep inability to understand others' perspectives. Even though billionaires present research challenges, inferring from investigations about money's effect on mental processes could suggest that gaining massive wealth resembles experiencing brain trauma. Fortunes seem to disturb particular brain operations, particularly those related to empathy and perspective.
Tactical Elements
However, strategic thinking might also be involved: his article seems designed as appeasement toward Trump. Trump definitely understood it as such: "Our victory over climate misinformation is complete." Gates has confessed his total mistake. This required bravery, and we appreciate it. MAGA!!!"
Background Information
The billionaire has consistently been incorrect on the issue, though not for the reasons Trump imagines. He has repeatedly been behind current understanding, echoing petroleum industry talking points (renewable energy could lower carbon output only with massive expenses) well after their refutation. He has spread confusion and misinformation, like the baseless statement in his latest article that the purpose of Sri Lanka's disastrous ban on synthetic fertilisers was "to cut emissions".
Further Difficult Realities
Gates names his article Three Challenging Environmental Facts. Thus, here's another difficult reality he carefully avoids. If, as currently expected, essential environmental mechanisms pass turning points and suddenly collapse, the impact on humanity, not to mention the existence of other species (a subject he consistently omits), would destroy the smooth and steady progress he foresees. Because environmental change is likely to proceed not in gradual and linear ways, but via abrupt transitions, 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, generates substantial unreasonableness when addressing fundamental change, {prompting us to ignore the greatest