đź”— Share this article I Wish We Could Dismiss the Tech Mogul on the Climate Crisis. But He's a Billionaire, So We Must Listen. Let's start with the core issue: The Microsoft founder is a politics denier. Though he came to it late, he now acknowledges climate change facts. But he exists in stark, awkward denial about the realities of power. His recent article on climate, released recently, 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. Central Claim His key position states that financial resources are scarce, so the participants in the upcoming climate meeting in Brazil should redirect resources from "near-term emissions goals" towards environmental adjustment and allocating funds for economic hardship and illness. Yes, the funds available for any good cause are scarce, but this isn't due to universal principles, some implacable truth about human society. The reason is elite influence has declared war on public welfare investments, resulting in the elimination of development assistance and severe reductions in assistance funding of additional nations. Financial restraint stems from policy choices. The choice to implement it comes from authorities yielding to the demands of billionaire class. Available Resources Substantial financial resources are present. Just after Gates published his new missive, research showed that the total wealth of the top ten US fortune holders grew by $698bn in the past year. This amount by itself, the increment in the wealth of 10 people, is approximately ten times 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? Why can't society reclaim it through proper tax policies? The solution lies in their conversion of wealth into policy-making authority. As their wealth increases, the stronger their capacity to shape political and economic frameworks to their preferences, ensuring that they become richer still. But the billionaire mentions nothing in his essay about ways and locations for more resources for both environmental measures and economic assistance could be located. '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 An obvious relationship appears between the deprivation Gates says concerns him and the fortunes he ignores. In the US, unhoused populations are reaching new highs, 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, driving up rental prices, undermining worker collectives and achieving lower taxes and diminished public funding, extremely wealthy individuals benefit from others' economic struggles. Investigation Conclusions A notable research in political science publications, among limited studies accessing this exclusive domain, found that extremely wealthy individuals hold vastly distinct political perspectives from the general population. The rich participants surveyed, sharply different from average people, 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 much less inclined to think that jobless individuals deserve adequate living conditions, or that there should be more regulation of oil companies, banks and health insurers. They were strongly against wealth redistribution. Political Influence What opinions win out? The small elite or the vast population? Although the research occurred during the Obama administration, it found that extremely wealthy individuals enjoyed greater political access than ordinary people. And now? The current reality seems obvious. Missing Elements and Presumptions Here's another crucial exclusion from the billionaire's article: across extensive text, the former president receives no reference. Should the billionaire address this, he'd have to acknowledge that the second of his major assumptions is shaky: lower prices for sustainable technology inevitably produces environmental improvement. 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. Partly as a result, traditional energy sources stay very profitable. This might explain, even though Gates states his organization sold all direct fossil fuel investments in 2019, its oil and gas financial assets have, in fact, increased. Cognitive Considerations For Gates, challenging billionaire influence might seem impossible. It's not merely incompatible with his outlook. I mean that, judging by his remarkable silences on the issue, he may actually be unable to conceptualize it. This might indicate "wealth-induced cognitive distortion": a profound incapacity to see the world from other people's point of view. Even though billionaires present research challenges, extrapolating from research into how gaining wealth and status affects cognition could suggest that obtaining enormous fortunes compares to cognitive damage. Fortunes seem to disturb particular brain operations, notably those concerning understanding and outlook. Strategic Considerations However, strategic thinking might also be involved: his essay reads like nothing so much as a peace offering to Donald Trump. Trump definitely understood it as such: "We've defeated the climate change falsehood." Bill Gates has finally admitted that he was completely WRONG on the issue. This required bravery, and we appreciate it. MAGA!!!" Previous Positions Gates has always been completely WRONG on the issue, though not for the reasons Trump imagines. He has repeatedly been behind current understanding, echoing petroleum industry talking points (green technologies could reduce global CO2 emissions only at a "beyond astronomical" cost) significantly following their debunking. He has propagated misunderstanding and inaccuracies, like the baseless statement in his latest article that the intention behind Sri Lanka's failed prohibition on synthetic fertilisers was "to cut emissions". More Challenging Facts Gates names his article Three Challenging Environmental Facts. So here's another tough truth he studiously ignores. Should, as appears probable, vital planetary systems reach critical thresholds and suddenly collapse, the consequences for people, ignoring the persistence of additional organisms (an issue he regularly neglects), would ruin the consistent development he anticipates. Since ecological transformation probably won't occur slowly and predictably, but via abrupt transitions, the potential effects on human welfare are very difficult to forecast. His claim that financial support should match current analytical approaches to quality of life, even if it seems logical, creates significant illogic when confronting systemic transformation, {prompting us to ignore the greatest