A tech journalist and AI researcher with over a decade of experience covering digital innovations and emerging technologies.
LWe must start with the core issue: Bill Gates ignores the role of politics. Though he came to it late, he now acknowledges climate change facts. But he lives in flat, embarrassing denial about political realities. His recent article on climate, published last week, approaches climate change without political context. He writes as if there were no such thing as political power, and as if extreme wealth didn't exist.
His key position states that money is insufficient, so the delegates at this month's climate summit in Brazil should shift funding from "short-term pollution targets" towards climate "adaptation" and spending on poverty and disease.
Certainly, money for worthy projects is limited, but this isn't due to universal principles, an unchangeable fact of civilization. It's because oligarchic power has waged war on benign state spending, resulting in the elimination of development assistance and severe reductions in assistance funding of various states. Financial restraint stems from policy choices. The decision to impose it is driven by authorities yielding to the demands of billionaire class.
Substantial financial resources are present. Shortly following Gates' latest publication, research showed that the total wealth of the 10 richest US billionaires increased by nearly $700 billion during the previous twelve months. This amount by itself, the increment in the wealth of 10 people, is almost 10 times the yearly funding needed to eliminate severe poverty worldwide. Through what means did they accumulate of economic resources into private hands? And why can't we get it back through appropriate revenue collection? The answer is their translation of economic power into political power. The richer they become, the more they can bend political and economic frameworks to their will, ensuring that they become richer still. But the philanthropist discusses nothing in his essay about ways and locations for more resources for both climate solutions and hardship alleviation could be found.
'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 deprivation Gates says concerns him and the fortunes he ignores. 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 suppressing salaries, racking up rents, busting trade unions and achieving lower taxes and diminished public funding, extremely wealthy individuals benefit from others' economic struggles.
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 great majority. The wealthy respondents in the study, completely unlike ordinary citizens, viewed government debt as paramount of the issues it listed, and ecological crisis as insignificant. They were far more likely to insist that public retirement benefits and government medical care should be reduced, and significantly less prone to accept 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 fiercely opposed to redistribution.
So whose views prevail? The small elite or the vast population? Even though the investigation happened under Obama, it found that extremely wealthy individuals enjoyed greater political access than average citizens. And now? The current reality seems obvious.
That's another telling absence in Bill Gates's essay: throughout thousands of words, Trump goes unmentioned. Were Gates to do so, he'd have to acknowledge that the second of his major assumptions is shaky: reductions in the cost of new green technologies lead inexorably to environmental progress. Certainly, it's positive that clean technology prices are falling dramatically than conventional power. But Trump and like-minded politicians are doing everything they can to impede the transition.
In part due to these factors, traditional energy sources stay very profitable. This could be why, notwithstanding Gates' assertion about eliminating petroleum company stocks in 2019, its oil and gas financial assets have, in fact, increased.
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 profound incapacity to see the world from other people's point of view. Although extremely wealthy individuals are difficult to research, extrapolating from research into how gaining wealth and status affects cognition could suggest that gaining massive wealth resembles experiencing brain trauma. Riches appear to disrupt specific mental processes, especially those involving compassion and viewpoint.
But perhaps there's also calculation here: his writing appears primarily as reconciliation with the former president. Trump certainly took it that way: "We've defeated the climate change falsehood." Bill Gates has finally admitted that he was completely WRONG on the issue. This demonstrated nerve, and we're thankful. MAGA!!!"
The billionaire has consistently been incorrect on this topic, although not for Trump's stated reasons. He has consistently lagged behind the curve, reciting fossil fuel claims (renewable energy could lower carbon output only with massive expenses) long after they've been discredited. He has propagated misunderstanding and inaccuracies, including the unsupported claim in his recent writing 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 suddenly collapse, the effects on human life, ignoring the persistence of additional organisms (a topic he fails, as usual, to mention), would destroy the smooth and steady progress he foresees. Since ecological transformation probably won't occur slowly and predictably, but via abrupt transitions, the possible impacts on human wellbeing are extremely hard to predict. His position that all resources should follow existing data-driven assessments of human betterment, although it may appear reasonable, generates substantial unreasonableness when addressing fundamental change, {prompting us to ignore the greatest
A tech journalist and AI researcher with over a decade of experience covering digital innovations and emerging technologies.