Let's begin with the fundamental problem: Bill Gates is a politics denier. While he was slow to accept it, he now acknowledges climate change facts. But he lives in flat, embarrassing denial about political realities. His latest essay on climate, published last week, approaches climate change without political context. He composes text ignoring political influence, and pretending massive fortunes aren't relevant.
His primary argument suggests that financial resources are scarce, so the participants in the upcoming climate meeting in Brazil should redirect resources from "immediate carbon reduction objectives" towards environmental adjustment and investing in poverty reduction and healthcare.
Yes, the funds available for any good cause are scarce, but that's not because of some natural law, an unavoidable reality of communities. It's because oligarchic power has waged war on benign state spending, resulting in the elimination of development assistance and substantial decreases in support money of additional nations. Budget cuts represent political decisions. The decision to impose it is driven by authorities yielding to the demands of billionaire class.
Substantial financial resources are present. Just after Gates published his new missive, data indicated that the combined assets of America's wealthiest ten individuals grew by $698bn over the last year. This amount by itself, the growth in ten individuals' fortunes, is nearly tenfold 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 financial influence into governmental control. The richer they become, the more they can bend government and financial structures to their preferences, ensuring that they become richer still. But the philanthropist discusses nothing in his essay about how and where extra money for both climate solutions and hardship alleviation could be identified.
'The article seems designed as appeasement toward Donald Trump.' Gates photographed with the former president for industry figures in Washington.
A clear connection exists between the economic hardship Gates professes to address and the wealth he fails to mention. 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, increasing housing costs, undermining worker collectives and securing tax reductions and budget decreases, the ultra-rich thrive on impoverishing other people.
A significant investigation in academic political journals, among the very few to have penetrated this secretive world, found that extremely wealthy individuals hold vastly distinct political perspectives from most people. The multimillionaires it interviewed, in stark contrast to mere earthlings, 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 welfare programs and national health services should be decreased, and much less inclined to think that unemployed people merit reasonableē擻蓨é, or that there should be increased oversight of energy firms, financial institutions and insurance providers. They were vehemently anti-taxation and redistribution.
So whose views prevail? The few wealthy or the many citizens? Even though the investigation happened under Obama, it found that billionaires maintained closer relationships with government figures than average citizens. What about currently? I scarcely think I need to spell it out.
Here's another crucial exclusion from the billionaire's article: throughout thousands of words, Trump goes unmentioned. If Gates included 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 conventional power. But Trump and like-minded politicians are employing every method to hinder the change.
To some degree because of this, fossil fuels remain highly lucrative. This might explain, notwithstanding Gates' assertion about eliminating petroleum company stocks in 2019, its oil and gas financial assets have, actually grown.
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 might be literally incapable of thinking about it. Possibly this represents "extreme wealth mentality": a fundamental failure to comprehend alternative viewpoints. Even though billionaires present research challenges, inferring from investigations about money's effect on mental processes could suggest that obtaining enormous fortunes compares to cognitive damage. Riches appear to disrupt specific mental processes, particularly those related to empathy and perspective.
However, strategic thinking might also be involved: his essay reads like nothing so much as a peace offering to Donald Trump. Trump certainly took it that way: "I (WE!) just won the War on the Climate Change Hoax. Gates has confessed his total mistake. This required bravery, and we appreciate it. MAGA!!!"
Gates has always been completely WRONG on this topic, although not for Trump's stated reasons. He has consistently lagged behind the curve, reciting fossil fuel claims (green technologies could reduce global CO2 emissions only at a "beyond astronomical" cost) long after they've been discredited. He has spread confusion and misinformation, such as the groundless assertion in his new essay that the intention behind Sri Lanka's failed prohibition on artificial fertilizers aimed at pollution decrease.
Gates calls his essay Three Tough Truths About Climate. So here's another tough truth he studiously ignores. If, as currently expected, essential environmental mechanisms pass turning points and quickly deteriorate, the impact on humanity, let alone the survival of other life forms (a topic he fails, as usual, to mention), would ruin the consistent development he anticipates. Given that climate alteration may not happen incrementally and steadily, but via abrupt transitions, 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
A tech journalist and AI researcher with a passion for exploring how emerging technologies impact society and business.