It Would Be Nice to Dismiss Bill Gates on the Climate Crisis. But His Wealth Matters, So We Can't.

Let's address the central dilemma: Bill Gates denies political realities. While he was slow to accept it, he now accepts the realities of climate science. But he operates in blatant, cringeworthy denial about how politics works. His latest essay on climate, shared days ago, discusses the topic as though politics didn't matter. He composes text ignoring political influence, and pretending massive fortunes aren't relevant.

The Main Contention

His key position states that financial resources are scarce, so the delegates at this month's climate summit in Brazil should shift funding from "short-term pollution targets" towards climate resilience and investing in poverty reduction and healthcare.

Yes, the funds available for any good cause are scarce, but this isn't due to universal principles, some implacable truth about human society. This results from wealthy interests attacking on public welfare investments, resulting in the elimination of development assistance and substantial decreases in support money of various states. Financial restraint stems from policy choices. The decision to impose it is driven by authorities yielding to the demands of extremely wealthy individuals.

Current Funds

There are truckloads of money available. Just after Gates published his new missive, Oxfam revealed that the net worth of the 10 richest US billionaires increased by nearly $700 billion in the past year. That money alone, the increase in a handful of billionaires' net worth, is approximately ten times the yearly funding needed to eliminate severe poverty worldwide. Through what means did they accumulate of economic resources into private hands? Why can't society reclaim it through effective taxation? The explanation involves their transformation of economic power into political power. As their wealth increases, the stronger their capacity to shape government and financial structures to their will, guaranteeing continued wealth accumulation. But the billionaire mentions nothing in his essay about how and where extra money for both climate solutions and hardship alleviation could be found.

'His writing appears primarily as reconciliation with Donald Trump.' Gates photographed with the former president for industry figures in Washington.

Wealth Inequality Relationship

An obvious relationship appears between the poverty Gates claims to care so much about and the riches he overlooks. In the US, homelessness is breaking records, and so is the portion of wealth controlled by the wealthiest fraction. While this might not be Gates's own business model, by keeping pay low, driving up rental prices, busting trade unions and winning tax and spending cuts, the ultra-rich thrive on impoverishing other people.

Study Results

A significant investigation in Perspectives on Politics, one of the rare examinations of this private sphere, found that extremely wealthy individuals hold vastly distinct political perspectives from the general population. The wealthy respondents in the study, completely unlike ordinary citizens, saw budget deficits as the most important of the issues it listed, and climate breakdown as the least. They were significantly more prone to argue 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 stricter rules for petroleum corporations, banking entities and medical coverage companies. They were strongly against wealth redistribution.

Policy Impact

So whose views prevail? The small elite or the vast population? Although the research occurred during the Obama administration, it found that the very rich had far more access to politicians and officials than regular individuals. And now? 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. If Gates included this, he'd have to admit that another key premise is questionable: 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 similar demagogues are doing everything they can to impede the transition.

To some degree because of this, fossil fuels remain highly lucrative. This potentially clarifies why, notwithstanding Gates' assertion about eliminating petroleum company stocks in 2019, its oil and gas financial assets have, in fact, increased.

Psychological Factors

To Gates, overthrowing the power of the ultra-wealthy may be unthinkable. It's not merely incompatible with his outlook. I mean that, judging by his remarkable silences on the issue, he might be literally incapable of thinking about it. This might indicate "wealth-induced cognitive distortion": a deep inability to understand others' perspectives. 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. Riches appear to disrupt specific mental processes, notably those concerning understanding and outlook.

Tactical Elements

But perhaps there's also calculation here: his article seems designed as appeasement toward Trump. Trump definitely understood it as such: "We've defeated the climate change falsehood." Gates has confessed his total mistake. It took courage to do so, and for that we are all grateful. MAGA!!!"

Background Information

Gates has historically been mistaken on climate matters, although not for Trump's stated reasons. He has consistently lagged behind the curve, echoing petroleum industry talking points (clean technology could decrease pollution only through enormous spending) long after they've been discredited. He has propagated misunderstanding and inaccuracies, including the unsupported claim in his recent writing that the objective of Sri Lanka's catastrophic restriction on artificial fertilizers aimed at pollution decrease.

More Challenging Facts

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 effects on human life, let alone the survival of other life forms (a subject he consistently omits), would ruin the consistent development he anticipates. Given that climate alteration may not happen incrementally and steadily, but through rapid shifts, 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, generates substantial unreasonableness when addressing fundamental change, {prompting us to ignore the greatest

Crystal Wiggins
Crystal Wiggins

A gaming technology analyst with over a decade of experience in slot machine design and industry research, passionate about innovation.