Make extreme wealth extinct: it’s the only way to avoid climate breakdown

 

The extremely wealthy also warp news reporting, by their ownership of news organizations and support of them with ads and contributions.

Please read the whole article.

 

https://www.theguardian.com/commentisfree/2021/nov/10/extreme-wealth-polluting-climate-breakdown-rich

 

George Monbiot

Wed 10 Nov 2021 01.00 EST

 

Most of our dysfunctions are caused by pandering to the rich. The way governments have allowed democracy to be eroded by lobbyists (including politicians with lucrative private interests); the deregulation that lets corporations, oligarchs and landlords squeeze their workers and tenants, then dump their costs on society; the permissive environment for profiteering during the pandemic; the degradation of health, education and other public services by the constant drive towards privatisation: all these are symptoms of the same condition.

The same applies to the worst of our predicaments: the destruction of our life-support systems. The very rich arrogate to themselves the lion’s share of the planetary space on which we all depend. It is hard to understand why we tolerate this attack on our common interests.

The richest 1% of the world’s people (those earning more than $172,000 a year) produce 15% of the world’s carbon emissions: twice the combined impact of the poorest 50%. On average, they emit over 70 tonnes of carbon dioxide per person every year, 30 times more than we can each afford to release if we’re not to exceed 1.5C of global heating. While the emissions of the world’s middle classes are expected to fall sharply over the next decade, thanks to the general decarbonisation of our economies, the amount produced by the richest will scarcely decline at all: in other words, they’ll be responsible for an even greater share of total CO2. Becoming good global citizens would mean cutting their carbon consumption by an average of 97%.

Even if 90% of the population produced no carbon at all, the anticipated emissions of the richest 10% (those earning over $55,000) across the next nine years would use almost the entire global budget.

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A recent analysis of the lifestyles of 20 billionaires found that each produced an average of over 8,000 tonnes of carbon dioxide: 3,500 times their fair share in a world committed to no more than 1.5C of heating. The major causes are their jets and yachts. A superyacht alone, kept on permanent standby, as some billionaires’ boats are, generates around 7,000 tonnes of CO2 a year.

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