I Wish We Could Dismiss the Tech Mogul on the Environmental Emergency. But He's a Billionaire, So We Can't.
LWe must start with the core issue: The Microsoft founder is a politics denier. Though he came to it late, he now accepts the realities of climate science. But he lives in flat, embarrassing denial about political realities. His latest essay on climate, shared days ago, treats the issue as if it existed in a political vacuum. He writes as if there were no such thing as political power, and no such thing as billionaires.
Central Claim
His primary argument suggests that financial resources are scarce, 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.
Yes, the funds available for any good cause are scarce, but that's not because of some natural law, an unavoidable reality of communities. The reason is elite influence has declared war on government social programs, resulting in the elimination of development assistance and drastic cuts to the aid budgets of additional nations. Budget cuts represent political decisions. The selection to enforce it originates with authorities yielding to the demands of the ultra-rich.
Available Resources
Massive amounts of wealth exist. Just after Gates published his new missive, data indicated that the combined assets of America's wealthiest ten individuals increased by nearly $700 billion during the previous twelve months. These funds independently, the increment in the wealth of 10 people, is nearly tenfold the money needed each year to stop deep deprivation worldwide. How have they managed to channel so much of the world's money into their pockets? And why can't we get it back through effective taxation? The explanation involves their transformation of financial influence into governmental control. With growing fortunes, the greater their ability to influence government and financial structures to their desires, guaranteeing continued wealth accumulation. But the philanthropist discusses nothing in his essay about ways and locations for more resources for both climate action and poverty relief 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.
Wealth Inequality Relationship
There's a direct link between the deprivation Gates says concerns him and the fortunes he ignores. In the US, housing insecurity is achieving unprecedented levels, and so is the percentage of resources held by the ultra-rich. While this might not be Gates's own business model, by holding down wages, driving up rental prices, weakening labor organizations and achieving lower taxes and diminished public funding, the ultra-rich thrive on impoverishing other people.
Study Results
A remarkable study in Perspectives on Politics, one of the rare examinations of this private sphere, found that extremely wealthy individuals hold vastly distinct political perspectives from the general population. The rich participants surveyed, sharply different from average people, considered fiscal shortfalls as critical of the issues it listed, and climate breakdown as the least. They were much more inclined to demand that social security and federal healthcare should be cut, and far less likely to believe that the unemployed should have a "decent standard of living", or that there should be increased oversight of energy firms, financial institutions and insurance providers. They were vehemently anti-taxation and redistribution.
Policy Impact
What opinions win out? The small elite or the vast population? Although the research occurred during the Obama administration, it found that billionaires maintained closer relationships with government figures than regular individuals. How about today? The current reality seems obvious.
Missing Elements and Presumptions
That's another telling absence in Bill Gates's essay: throughout thousands of words, Trump goes unmentioned. Should the billionaire address this, he'd have to admit that another key premise is questionable: reductions in the cost of new green technologies lead inexorably to environmental progress. Naturally, it's beneficial that renewable energy costs are dropping significantly than fossil fuels. But Trump and similar demagogues are doing everything they can to impede the transition.
To some degree because of this, oil and gas continue generating substantial profits. This potentially clarifies why, even though Gates states his organization sold all direct fossil fuel investments 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. This isn't just about conflicting with his perspective. 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 deep inability to understand others' perspectives. Even though billionaires present research challenges, drawing conclusions from studies about wealth's impact on thinking could suggest that acquiring huge amounts of money is like taking a blow to the head. Fortunes seem to disturb particular brain operations, notably those concerning understanding and outlook.
Strategic Considerations
But perhaps there's also calculation here: his article seems designed as appeasement toward Trump. Trump certainly took it that way: "Our victory over climate misinformation is complete." Bill Gates has finally admitted that he was completely WRONG on the issue. This required bravery, and we appreciate it. MAGA!!!"
Background Information
Gates has always been completely WRONG on the issue, though not for the reasons Trump imagines. He has consistently lagged behind the curve, reciting fossil fuel claims (renewable energy could lower carbon output only with massive expenses) well after their refutation. 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 synthetic fertilisers was "to cut emissions".
Additional Tough Truths
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 quickly deteriorate, the consequences for people, let alone the survival of other life forms (a subject he consistently omits), would ruin the consistent development he anticipates. 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