I Wish We Could Ignore Bill Gates on the Climate Crisis. But His Wealth Matters, So We Can't.
LWe must begin with the fundamental problem: The Microsoft founder ignores the role of politics. Though he came to it late, he now accepts the realities of climate science. But he exists in stark, awkward denial about political realities. His latest essay on climate, published last week, discusses the topic as though politics didn't matter. He writes as if there were no such thing as political power, and no such thing as billionaires.
Primary Argument
His main contention is that financial resources are scarce, so the delegates at this month's climate summit in Brazil should shift funding from "immediate carbon reduction objectives" towards environmental adjustment and allocating funds for economic hardship and illness.
Admittedly, resources for positive initiatives are insufficient, but that's not because of some natural law, an unavoidable reality of communities. The reason is elite influence has declared war on public welfare investments, resulting in the elimination of development assistance and substantial decreases in support money of various states. Budget cuts represent political decisions. The decision to impose it is driven by governments bowing to the wishes of billionaire class.
Existing Wealth
Massive amounts of wealth exist. Shortly following Gates' latest publication, Oxfam revealed that the net worth of America's wealthiest ten individuals grew by $698bn in the past year. This amount by itself, the growth in ten individuals' fortunes, is almost 10 times the money needed each year to stop deep deprivation worldwide. How have they managed to channel so much of economic resources into private hands? Why can't society reclaim it through appropriate revenue collection? The solution lies in their conversion of wealth into policy-making authority. With growing fortunes, the greater their ability to influence government and financial structures to their desires, guaranteeing continued wealth accumulation. But the billionaire mentions nothing in his essay about how and where extra money for both environmental measures and economic assistance could be found.
'The article seems designed as appeasement toward Donald Trump.' Gates photographed with the former president for industry figures in Washington.
Wealth Inequality Relationship
An obvious relationship appears between the deprivation Gates says concerns him and the fortunes he ignores. In the US, homelessness is breaking records, and so is the portion of wealth controlled by the wealthiest fraction. Even if this doesn't characterize Gates' specific methods, by keeping pay low, increasing housing costs, busting trade unions and achieving lower taxes and diminished public funding, extremely wealthy individuals benefit from others' economic struggles.
Investigation Conclusions
A notable research in academic political journals, among limited studies accessing this exclusive domain, found that extremely wealthy individuals hold vastly distinct political perspectives from most people. The rich participants surveyed, sharply different from average people, saw budget deficits as the most important of the issues it listed, and ecological crisis as insignificant. They were much more inclined to demand that social welfare programs and national health services should be decreased, and much less inclined to think that the unemployed should have a "decent standard of living", or that there should be more regulation of oil companies, banks and health insurers. They were vehemently anti-taxation and redistribution.
Political Influence
So whose views prevail? The tiny minority or the great majority? Even though the investigation happened under Obama, it found that extremely wealthy individuals enjoyed greater political access than ordinary people. What about currently? The situation hardly requires explanation.
Missing Elements and Presumptions
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: lower prices for sustainable technology inevitably produces environmental improvement. Of course it helps that wind, solar and other green technologies are becoming radically cheaper than conventional power. But Trump and similar demagogues are doing everything they can to impede the transition.
In part due to these factors, oil and gas continue generating substantial profits. This potentially clarifies why, notwithstanding Gates' assertion about eliminating petroleum company stocks in 2019, its investments in traditional energy securities have, actually grown.
Psychological Factors
To Gates, overthrowing the power of the ultra-wealthy may be unthinkable. I don't mean only that it clashes with his worldview. Based on his notable omissions regarding this topic, he may actually be unable to conceptualize it. Perhaps this is a symptom of "billionaire brain": a fundamental failure to comprehend alternative viewpoints. While the ultra-rich are notoriously hard to study, extrapolating from research into how gaining wealth and status affects cognition 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
But perhaps there's also calculation here: his article seems designed as appeasement toward Trump. The former president clearly interpreted it this way: "Our victory over climate misinformation is complete." Gates has confessed his total mistake. This demonstrated nerve, and we're thankful. MAGA!!!"
Historical Context
Gates has always been completely WRONG on climate matters, even if not for the explanations Trump provides. He has continually trailed scientific consensus, echoing petroleum industry talking points (renewable energy could lower carbon output only with massive expenses) long after they've been discredited. He has propagated misunderstanding and inaccuracies, 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. Therefore, here's another challenging fact he deliberately overlooks. If, as now seems likely, crucial Earth systems cross tipping points and quickly deteriorate, the impact on humanity, let alone the survival of other life forms (an issue he regularly neglects), would eliminate the gradual advancement he predicts. Because environmental change is likely to proceed not in gradual and linear ways, but via abrupt transitions, the potential effects on human welfare are very difficult to forecast. His position that all resources should follow existing data-driven assessments of human betterment, although it may appear reasonable, creates significant illogic when confronting systemic transformation, {prompting us to ignore the greatest