I Wish We Could Dismiss Bill Gates on the Climate Crisis. But His Wealth Matters, So We Can't.
Let's address the central dilemma: The Microsoft founder denies political realities. Though he came to it late, he now accepts the realities of climate science. But he lives in flat, embarrassing denial about the realities of power. His recent article 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.
Primary Argument
His primary argument suggests that funds are very limited, so the participants in the upcoming climate meeting in Brazil should redirect resources from "near-term emissions goals" towards climate resilience and investing in poverty reduction and healthcare.
Admittedly, resources for positive initiatives are insufficient, but this isn't due to universal principles, an unchangeable fact of civilization. This results from wealthy interests attacking on public welfare investments, causing the dismantling of aid agencies and drastic cuts to the aid budgets of other countries. Financial restraint stems from policy choices. The decision to impose it is driven by governments bowing to the wishes of extremely wealthy individuals.
Current Funds
Massive amounts of wealth exist. Soon after the billionaire released his essay, Oxfam revealed that the net worth of the top ten US fortune holders grew by $698bn over the last year. This amount by itself, the increase in a handful of billionaires' net worth, is almost 10 times the annual amount required to end extreme poverty worldwide. How have they managed to channel so much of economic resources into private hands? And why can't we get it back through appropriate revenue collection? The explanation involves their transformation of economic power into political power. As their wealth increases, the more they can bend political and economic frameworks to their desires, securing ongoing financial growth. But the billionaire mentions nothing in his essay about how and where extra money for both climate action and poverty relief could be identified.
'The article seems designed as appeasement toward Donald Trump.' Gates photographed with the former president for corporate executives in the capital.
Wealth Inequality Relationship
There's a direct link between the economic hardship Gates professes to address and the fortunes he ignores. In the US, homelessness is breaking records, and so is the share of assets owned by the top 0.1%. While this might not be Gates's own business model, by keeping pay low, racking up rents, undermining worker collectives and winning tax and spending cuts, extremely wealthy individuals benefit from others' economic struggles.
Research Findings
A remarkable study in Perspectives on Politics, among the very few to have penetrated this secretive world, found that extremely wealthy individuals hold vastly distinct political perspectives from the general population. The wealthy respondents in the study, in stark contrast to mere earthlings, considered fiscal shortfalls as critical of the issues it listed, and environmental collapse as unimportant. They were significantly more prone to argue 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 vehemently anti-taxation and redistribution.
Policy Impact
Which perspectives dominate? The small elite or the vast population? Even though the investigation happened under Obama, it found that the very rich had far more access to politicians and officials than regular individuals. How about today? The situation hardly requires explanation.
Omissions and Assumptions
That's another telling absence in Bill Gates's essay: at no point in its 5,000 words does it mention Donald Trump. Were Gates to do so, he'd have to admit that another key premise is questionable: lower prices for sustainable technology inevitably produces environmental improvement. Naturally, it's beneficial that renewable energy costs are dropping significantly than fossil fuels. But Trump and like-minded politicians are taking all possible actions to block the shift.
In part due to these factors, traditional energy sources stay very profitable. This could be why, 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. 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. Although extremely wealthy individuals are difficult to research, 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. Fortunes seem to disturb particular brain operations, particularly those related to empathy and perspective.
Political Calculations
However, strategic thinking might also be involved: his article seems designed as appeasement toward Trump. Trump certainly took it that way: "I (WE!) just won the War on the Climate Change Hoax. Gates has confessed his total mistake. It took courage to do so, and for that we are all grateful. MAGA!!!"
Background Information
Gates has always been completely WRONG on this topic, though not for the reasons Trump imagines. 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 spread confusion and misinformation, like the baseless statement in his latest article that the intention behind Sri Lanka's failed prohibition on chemical fertilizers involved emission reduction.
Further Difficult Realities
The billionaire titles his piece Three Difficult Climate Realities. So here's another tough truth he studiously ignores. If, as now seems likely, crucial Earth systems cross tipping points and suddenly collapse, the effects on human life, not to mention the existence of other species (a subject he consistently omits), would eliminate the gradual advancement he predicts. Because environmental change is likely to proceed not in gradual and linear ways, but through rapid shifts, the conceivable consequences for people's quality of life are nearly impossible to anticipate. His position that all resources should follow existing data-driven assessments of human betterment, although it may appear reasonable, introduces in the face of systemic change a profound irrationality, {prompting us to ignore the greatest