Debt Rattle Sep 26 2014: Can Money Save The Climate?

Courtesy of The Automatic Earth.


Harris & Ewing Staircase in the Capitol, Albany, New York 1905

So PIMCO was going to fire Bill Gross over the weekend, and he chose to leave on his own accord and work for Janus. So what? Gross is 70 years old and still joins another firm geared towards making money, and nothing else at all. As if making money, and nothing else, is a valid goal in a human life.

As if someone who’s done nothing else his entire life, and who’s richer than Croesus, should have nothing else to do with the times that remains him, and is somehow right and justified about not being able to find anything more worthwhile.

As if that singular focus does not make his life a useless one, or the man an empty shell. And yeah, I’m sure he gives away some cash from time to time to make himself feel even better. Though I doubt he ever feels truly fine. Perhaps the disappointment of being a billionaire and still feel like he’s wasted his life is what drives him on. Or maybe his wife beats him. And he enjoys it.

And it’s not just Bill Gross, it’s just as much the way the mainstream press covers the ‘event’ of Gross’ departure, the fact that they bother to cover it in the first place, and the details they focus on, that shine a chillingly clear cold and revealing light on what we have become, as individuals and as societies.

The hollow single-minded worshipping of money, which Gross can be said to embody, is the single biggest scourge on each and every one of us, on all the bonds we form between each other, on the communities and nations we live in, and the planet they’re located on. The bible is full of allusions to this, and the world is full of people who call themselves Christians, but the twain are like ships passing in the night.

if you would want to prevent a war, or you want to stop the destruction of rivers and seas through pollution, or for the earth’s climate from entering a cycle that neither we nor the climate itself can control, would you think first of people like Bill Gross when you’re looking for support? If you do, that would not be wise. Nevertheless, at every single climate conference it’s people just like him, such as Bill Clinton and Bill Gates, who made sure they’re in the spotlight.

People who’ve never done anything in their lives that was not directed at self-gratification. People who cause, not prevent, the mayhem. Even the big demonstrations last week were shrouded in a veil of corporatism, not unlike the one Greenpeace has been enveloped in for many years.

And of course you can argue that it serves a purpose, because it’s the only way to get people pout on to the street. But still, if millions of dollars have to be spent to make a few hundred thousand people in New York leave their homes, what exactly are we doing?

Where does that money come from? Does anyone want to deny that in general the richer people in the world are the ones responsible for the destruction? That we ourselves cause more damage than the average Bangla Deshi or Senegalese, and that the richest and most powerful people in our own societies do more harm than the poorset?

If you don’t want to deny that, why do you walk in a heavily sponsored protest march? Or does anyone think those marches are spontaneous eruptions of people’s true feelings anymore? Why then do they feel scripted, in a way the anti-globalization ones (Seattle) absolutely did not?

There is no doubt that there are well-meaning people involved, and a lot of grass-roots identity, but isn’t there something wrong the very moment money becomes a factor, if and when we can agree that the pursuit of money is the 8 million ton culprit in the room in the first place? Do we really feel like we can’t achieve anything without money anymore? And moreover, shouldn’t we, as soon as we feel that way, start doing something about it?

There’s a nice interview in Slate with Naomi Klein, who says capitalism is the bogey man. I find that a little easy; in the end man him/herself is the bogey man. Klein sits on the board of Bill McKibben’s 350.org, which I have no doubt is full of people full of best intentions, but which also sees money as way to achieve things:

Naomi Klein Says We Must Slay Capitalism to Fight Climate Change

Everybody that’s trying to get anything progressive done in this country knows that the biggest barrier is getting money out of politics. Climate can be a shot of adrenaline in the pre-existing movement to get money out of politics. So, it’s not a brand-new movement. [..] All these new reports say that the transition to that next economy will be cheap. So why isn’t it happening? Elites like to think of everything as a win-win, but it’s not true.* It’s the wealthiest corporations on the planet that will win; everyone else will lose. No number of reports is going to change that. You actually need a counter-power.

[..] we need to finance this transition somehow. I think it needs to be a polluter-pays principle. It’s not that we’re broke, it’s just that the money is in the wrong place. The divestment movement is a start at challenging the excesses of capitalism. It’s working to delegitimize fossil fuels, and showing that they’re just as unethical as profits from the tobacco industry. Even the heirs to the Rockefeller fortune are now recognizing this. The next step is, how do we harness these profits and use them to help us get off fossil fuels?

Exxon needs to pay—it’s the most profitable company on the planet. It’s also the descendent of Standard Oil. In the book, I talk a lot about Richard Branson’s pledge to donate all the profits from his airline to fight climate change. When he made that announcement, it was extraordinary. The problem is, no one held him accountable—well, besides me and my underpaid researcher. But at least Branson’s heart was in the right place. These profits are not legitimate in an era of climate change. We can’t leave this problem to benevolent billionaires.

‘Getting money out of politics’, but ‘we need to finance this transition somehow’. There’s a grand contradiction in there somewhere. Now, I’m a big admirer of Naomi, her Shock Doctrine is one of the greatest books in the past 25 years or so. But I have my questions here.

I don’t think you can argue that capitalism itself is the issue. This is about the erosion of checks and balances, laws and regulations, the erosion of a society’s ability to hold people responsible for what they do, whether they operate in the political field or in private business.

And those same issues are just as relevant in any communist or socialist society. Unless you’re very careful day after 24/7 day, all political systems tend towards ceding control to ever more psychopatic individuals. In the exact same way that bad money drives out good. In short, it’s not about ‘them’, it’s about us. It’s the psychos who want that power and that money more than anyone else, but it’s us who let them have it. While we’re watching some screen or another.

It’s about how we can keep the most money- and power hungry individuals amongst us from ruling over us. An obviously daunting task if you look at most countries, corporations and organizations today. I mentioned the three Bills already, Bill Gross, Bill Clinton and Bill Gates, and they epitomize as fittingly as any threesome where and how we go wrong, and how hard it is to keep ourselves from doing that.

If you want a better world, A) stop listening to the crazy clowns, and B) stop telling yourself you care and then just keep doing what you always did. Get real. Pursue truth, not money.

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