A semiconductor engineer with over a decade of experience in solid state device research and industry analysis.
LWe must begin with the fundamental problem: The Microsoft founder ignores the role of politics. Though he came to it late, he now recognizes environmental science. But he operates in blatant, cringeworthy denial about how politics works. His new piece on climate, shared days ago, approaches climate change without political context. He composes text ignoring political influence, and pretending massive fortunes aren't relevant.
His primary argument suggests that funds are very limited, so the participants in the upcoming climate meeting in Brazil should direct money away from "near-term emissions goals" towards climate "adaptation" and allocating funds for economic hardship and illness.
Certainly, money for worthy projects is limited, but this isn't due to universal principles, an unchangeable fact of civilization. The reason is elite influence has declared war on government social programs, resulting in the elimination of development assistance and drastic cuts to the aid budgets of various states. Financial restraint stems from policy choices. The selection to enforce it originates with leaders submitting to the preferences of extremely wealthy individuals.
Substantial financial resources are present. Soon after the billionaire released his essay, research showed that the total wealth of the top ten US fortune holders expanded by hundreds of billions during the previous twelve months. This amount by itself, the increment in the wealth of 10 people, is nearly tenfold the annual amount required to end extreme poverty worldwide. Through what means did they accumulate of economic resources into private hands? Why can't society reclaim it through proper tax policies? The solution lies in their conversion of financial influence into governmental control. The richer they become, the greater their ability to influence the state and economic system to their desires, securing ongoing financial growth. But Bill Gates says nothing in his essay about how and where extra money for both environmental measures and economic assistance could be located.
'The article seems designed as appeasement toward Donald Trump.' Gates photographed with the former president for industry figures in Washington.
An obvious relationship appears between the poverty Gates claims to care so much about 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, increasing housing costs, weakening labor organizations and winning tax and spending cuts, billionaires prosper while others experience hardship.
A significant investigation in Perspectives on Politics, among the very few to have penetrated this secretive world, found that billionaires maintain completely separate political opinions from the great majority. The wealthy respondents in the study, in stark contrast to mere earthlings, considered fiscal shortfalls as critical of the issues it listed, and ecological crisis as insignificant. They were much more inclined to demand that public retirement benefits and government medical care should be reduced, and far less likely to believe 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 fiercely opposed to redistribution.
What opinions win out? The tiny minority or the great majority? Although the research occurred during the Obama administration, it found that billionaires maintained closer relationships with government figures than average citizens. What about currently? The situation hardly requires explanation.
This represents another significant omission in Gates' writing: throughout thousands of words, Trump goes unmentioned. If Gates included this, he'd have to recognize that an important foundation of his argument is unstable: decreasing expenses for eco-friendly innovations automatically creates ecological advancement. Of course it helps that wind, solar and other green technologies are becoming radically cheaper than traditional energy sources. But Trump and like-minded politicians are taking all possible actions to block the shift.
To some degree because of this, traditional energy sources stay very profitable. This might explain, notwithstanding Gates' assertion about eliminating petroleum company stocks in 2019, its fossil fuel stock and bond holdings have, in fact, increased.
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 may actually be unable to conceptualize it. Possibly this represents "extreme wealth mentality": a fundamental failure to comprehend alternative viewpoints. Although extremely wealthy individuals are difficult to research, 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, especially those involving compassion and viewpoint.
Yet, political maneuvering could be present: his essay reads like nothing so much as a peace offering to Donald Trump. Trump certainly took it that way: "Our victory over climate misinformation is complete." The billionaire has acknowledged his complete error. This demonstrated nerve, and we're thankful. MAGA!!!"
Gates has historically been mistaken on the issue, although not for Trump's stated reasons. He has repeatedly been behind current understanding, repeating traditional energy arguments (clean technology could decrease pollution only through enormous spending) well after their refutation. He has propagated misunderstanding and inaccuracies, such as the groundless assertion in his new essay that the intention behind Sri Lanka's failed prohibition on chemical fertilizers involved emission reduction.
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 rapidly fail, the effects on human life, let alone the survival of other life forms (a topic he fails, as usual, to mention), would ruin the consistent development he anticipates. Given that climate alteration may not happen incrementally and steadily, but through sudden changes of state, the possible impacts on human wellbeing are extremely hard to predict. 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
A semiconductor engineer with over a decade of experience in solid state device research and industry analysis.