It Would Be Nice to Ignore Bill Gates on the Environmental Emergency. But He's a Billionaire, So We Must Listen.

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 lives in flat, embarrassing denial about the realities of power. His new piece on climate, released recently, discusses the topic as though politics didn't matter. He composes text ignoring political influence, and no such thing as billionaires.

Central Claim

His key position states that financial resources are scarce, so the delegates at this month's climate summit 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 that's not because of some natural law, 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 substantial decreases in support money of various states. Austerity is a political choice. The decision to impose it is driven by governments bowing to the wishes of extremely wealthy individuals.

Available Resources

Massive amounts of wealth exist. Soon after the billionaire released his essay, data indicated that the combined assets of America's wealthiest ten individuals expanded by hundreds of billions over the last year. These funds independently, the increment in the wealth of 10 people, is nearly tenfold the annual amount required to end extreme poverty 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 economic power into political power. As their wealth increases, the greater their ability to influence government and financial structures to their desires, 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.

'The article seems designed as appeasement toward Donald Trump.' Bill Gates, right, with the Trumps at a private dinner for industry figures in Washington.

The Poverty-Wealth Connection

A clear connection exists between the economic hardship Gates professes to address and the wealth he fails to mention. In the US, housing insecurity is achieving unprecedented levels, and so is the percentage of resources held by the ultra-rich. Even if this doesn't characterize Gates' specific methods, by suppressing salaries, driving up rental prices, weakening labor organizations and securing tax reductions and budget decreases, extremely wealthy individuals benefit from others' economic struggles.

Study Results

A remarkable study in academic political journals, among limited studies accessing this exclusive domain, found that the ultra-rich have radically different political views from the great majority. The multimillionaires it interviewed, completely unlike ordinary citizens, 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 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 fiercely opposed to redistribution.

Political Influence

So whose views prevail? The tiny minority or the great majority? Though the study was conducted in the Obama years, it found that extremely wealthy individuals enjoyed greater political access than regular individuals. 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: 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 conventional power. But Trump and like-minded politicians are doing everything they can to impede the transition.

To some degree because of this, traditional energy sources stay very profitable. This could be why, even though Gates states his organization sold all direct fossil fuel investments in 2019, its oil and gas financial assets have, actually grown.

Cognitive Considerations

For Gates, challenging billionaire influence might seem impossible. 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. This might indicate "wealth-induced cognitive distortion": a deep inability to understand others' perspectives. While the ultra-rich are notoriously hard to study, extrapolating from research into how gaining wealth and status affects cognition could suggest that acquiring huge amounts of money is like taking a blow to the head. Wealth seems to scramble certain cognitive functions, notably those concerning understanding and outlook.

Political Calculations

But perhaps there's also calculation here: 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." Bill Gates has finally admitted that he was completely WRONG on the issue. It took courage to do so, and for that we are all grateful. MAGA!!!"

Historical Context

The billionaire has consistently been incorrect on this topic, even if not for the explanations Trump provides. He has consistently lagged behind the curve, echoing petroleum industry talking points (clean technology could decrease pollution only through enormous spending) significantly following their debunking. He has propagated misunderstanding and inaccuracies, including the unsupported claim in his recent writing that the purpose of Sri Lanka's disastrous ban on chemical fertilizers involved emission reduction.

Additional Tough Truths

Gates names his article Three Challenging Environmental Facts. Therefore, here's another challenging fact he deliberately overlooks. Should, as appears probable, vital planetary systems reach critical thresholds and suddenly collapse, the impact on humanity, let alone the survival of other life forms (an issue he regularly neglects), would ruin the consistent development he anticipates. Because environmental change is likely to proceed not in gradual and linear ways, but through rapid shifts, 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, creates significant illogic when confronting systemic transformation, {prompting us to ignore the greatest

Michael Hoffman
Michael Hoffman

A former professional bettor turned analyst, Mikael shares data-driven insights to help bettors maximize their returns.