I Wish We Could Ignore the Tech Mogul on the Environmental Emergency. But He's a Billionaire, So We Must Listen.
LWe must begin with the fundamental problem: Bill Gates denies political realities. While he was slow to accept it, he now recognizes environmental science. But he exists in stark, awkward denial about political realities. His recent article on climate, released recently, treats the issue as if it existed in a political vacuum. He pens words that disregard governmental authority, and pretending massive fortunes aren't relevant.
Central Claim
His primary argument suggests that financial resources are scarce, 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.
Certainly, money for worthy projects is limited, but this isn't due to universal principles, an unavoidable reality of communities. This results from wealthy interests attacking on benign state spending, causing the dismantling of aid agencies and drastic cuts to the aid budgets of other countries. Budget cuts represent political decisions. The selection to enforce it originates with leaders submitting to the preferences of billionaire class.
Current Funds
Substantial financial resources are present. Shortly following Gates' latest publication, research showed that the total wealth of America's wealthiest ten individuals expanded by hundreds of billions over the last year. That money alone, the increment in the wealth of 10 people, is almost 10 times the yearly funding needed to eliminate severe poverty worldwide. What methods enabled such concentration of the world's money into their pockets? And why can't we get it back through effective taxation? The answer is their translation of financial influence into governmental control. As their wealth increases, the greater their ability to influence government and financial structures to their will, ensuring that they become richer still. But the philanthropist discusses nothing in his essay about methods and sources for additional funds for both climate action and poverty relief could be identified.
'His essay reads like nothing so much as a peace offering to Donald Trump.' The billionaire alongside Trump at an exclusive meal for industry figures in Washington.
Wealth Inequality Relationship
There's a direct link between the deprivation Gates says concerns him 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%. Although this may not describe Gates' personal approach, by keeping pay low, increasing housing costs, undermining worker collectives and achieving lower taxes and diminished public funding, the ultra-rich thrive on impoverishing other people.
Research Findings
A remarkable study in political science publications, among limited studies accessing this exclusive domain, found that the ultra-rich have radically different political views from most people. The rich participants surveyed, completely unlike ordinary citizens, saw budget deficits as the most important of the issues it listed, and environmental collapse as unimportant. They were far more likely to insist that social welfare programs and national health services should be decreased, and far less likely to believe 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
So whose views prevail? The small elite or the vast population? Though the study was conducted in the Obama years, it found that extremely wealthy individuals enjoyed greater political access than regular individuals. How about today? The situation hardly requires explanation.
Missing Elements and Presumptions
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 acknowledge that the second of his major assumptions is shaky: lower prices for sustainable technology inevitably produces environmental improvement. Certainly, it's positive that clean technology prices are falling dramatically than fossil fuels. 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, even though Gates states his organization sold all direct fossil fuel investments in 2019, its investments in traditional energy securities have, in fact, increased.
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 might be literally incapable of thinking about it. This might indicate "wealth-induced cognitive distortion": 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. Fortunes seem to disturb particular brain operations, particularly those related to empathy and perspective.
Political Calculations
But perhaps there's also calculation here: his writing appears primarily as reconciliation with the former president. The former president clearly interpreted it this way: "I (WE!) just won the War on the Climate Change Hoax. Gates has confessed his total mistake. This demonstrated nerve, and we're thankful. MAGA!!!"
Historical Context
Gates has historically been mistaken on this topic, even if not for the explanations Trump provides. He has repeatedly been behind current understanding, reciting fossil fuel claims (green technologies could reduce global CO2 emissions only at a "beyond astronomical" cost) significantly following their debunking. He has disseminated uncertainty and false information, such as the groundless assertion in his new essay that the objective of Sri Lanka's catastrophic restriction on chemical fertilizers involved emission reduction.
Further Difficult Realities
Gates calls his essay Three Tough Truths About Climate. Thus, here's another difficult reality he carefully avoids. 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. 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 argument that we should align all funding to current "data-based analysis" of improvements in human welfare, even if it seems logical, generates substantial unreasonableness when addressing fundamental change, {prompting us to ignore the greatest