It Would Be Nice to Dismiss the Tech Mogul on the Climate Crisis. But He's a Billionaire, 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 the realities of power. His recent article on climate, published last week, treats the issue as if it existed in a political vacuum. He writes as if there were no such thing as political power, and as if extreme wealth didn't exist.
Primary Argument
His key position states that money is insufficient, so the participants in the upcoming climate meeting in Brazil should redirect resources from "immediate carbon reduction objectives" towards climate resilience and investing in poverty reduction and healthcare.
Admittedly, resources for positive initiatives are insufficient, but it's not caused by inevitable rules, an unavoidable reality of communities. It's because oligarchic power has waged war on public welfare investments, causing the dismantling of aid agencies and substantial decreases in support money of various states. Austerity is a political choice. The decision to impose it is driven by authorities yielding to the demands of the ultra-rich.
Existing Wealth
Massive amounts of wealth exist. Soon after the billionaire released his essay, data indicated that the combined assets of the top ten US fortune holders grew by $698bn over the last year. That money alone, the growth in ten individuals' fortunes, is nearly tenfold the money needed each year to stop deep deprivation worldwide. What methods enabled such concentration of the world's money into their pockets? And why can't we get it back through proper tax policies? The explanation involves their transformation of financial influence into governmental control. As their wealth increases, the more they can bend government and financial structures to their desires, guaranteeing continued wealth accumulation. But the philanthropist discusses nothing in his essay about methods and sources for additional funds for both climate solutions and hardship alleviation could be found.
'The article seems designed as appeasement toward Donald Trump.' Bill Gates, right, with the Trumps at a private dinner for business leaders in Washington DC.
Wealth Inequality Relationship
An obvious relationship appears between the poverty Gates claims to care so much about and the fortunes he ignores. In the US, housing insecurity is achieving unprecedented levels, and so is the share of assets owned by the top 0.1%. Although this may not describe Gates' personal approach, by suppressing salaries, racking up rents, undermining worker collectives and securing tax reductions and budget decreases, the ultra-rich thrive on impoverishing other people.
Investigation Conclusions
A notable research 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, sharply different from average people, considered fiscal shortfalls as critical of the issues it listed, and ecological crisis as insignificant. They were far more likely to insist 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 stricter rules for petroleum corporations, banking entities and medical coverage companies. They were fiercely opposed to redistribution.
Governmental Access
What opinions win out? The few wealthy or the many citizens? Though the study was conducted in the Obama years, it found that extremely wealthy individuals enjoyed greater political access than average citizens. How about today? I scarcely think I need to spell it out.
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. Should the billionaire address 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 taking all possible actions to block the shift.
In part due to these factors, fossil fuels remain highly lucrative. This could be why, notwithstanding Gates' assertion about eliminating petroleum company stocks in 2019, its fossil fuel stock and bond holdings have, in fact, increased.
Cognitive Considerations
To Gates, overthrowing the power of the ultra-wealthy may be unthinkable. I don't mean only that it clashes with his worldview. I mean that, judging by his remarkable silences on the issue, he could genuinely find it impossible to consider. Perhaps this is a symptom of "billionaire brain": a fundamental failure to comprehend alternative viewpoints. While the ultra-rich are notoriously hard to study, drawing conclusions from studies about wealth's impact on thinking could suggest that obtaining enormous fortunes compares to cognitive damage. Fortunes seem to disturb particular brain operations, especially those involving compassion and viewpoint.
Political Calculations
Yet, political maneuvering could be present: his article seems designed as appeasement toward Trump. Trump definitely understood it as such: "Our victory over climate misinformation is complete." The billionaire has acknowledged his complete error. This required bravery, and we appreciate it. MAGA!!!"
Previous Positions
Gates has always been completely WRONG on this topic, though not for the reasons Trump imagines. He has repeatedly been behind current understanding, 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 propagated misunderstanding and inaccuracies, including the unsupported claim in his recent writing that the purpose of Sri Lanka's disastrous ban on artificial fertilizers aimed at pollution decrease.
More Challenging Facts
The billionaire titles his piece Three Difficult Climate Realities. Thus, here's another difficult reality he carefully avoids. If, as now seems likely, crucial Earth systems cross tipping points and suddenly collapse, the impact on humanity, ignoring the persistence of additional organisms (a topic he fails, as usual, to mention), would eliminate the gradual advancement he predicts. Because environmental change is likely to proceed not in gradual and linear ways, but through sudden changes of state, the possible impacts on human wellbeing are extremely hard to predict. His claim that financial support should match current analytical approaches to quality of life, while it might sound rational, generates substantial unreasonableness when addressing fundamental change, {prompting us to ignore the greatest