Wednesday, May 30, 2012

Climate Change, Politics and Money

Our political campaigns debate regulation, austerity and stimulus. The multi-millionaires and billionaires funding super-pacs to elect Republicans and Romney abhor taxes and regulations, whether it's building codes, global warming gas emissions or casinos.

Why, they could be on their way to earning trillions if it weren't for "job-killing regulations" and taxes! The Kochs, fossil fuel producers, have been cited over and over for emissions pollution, have paid large fines (small compared to their incomes), and legal fees that probably dwarf the fines: their pac funding dwarfs both. A Texas billionaire is a builder of shoddy developments; he's been sued repeatedly for using inferior materials, and not surprisingly, he's for "tort reform" that would cap jury awards for damages. So, he, the Kochs, and many others donate millions to Romney or GOP-supportive superpacs.

Why do they do this? Simple, in each case, they "donate" to get what they want through Congress and the President--the Congress and President they are buying. And while the money advanced is almost small change to the super-rich, it floods the election process.

What does this have to do with global warming? Warming increased last year faster than expected (3.5% over 2010), and the world is on track to warm 3.5 degrees Celsius; Earth will be a much warmer place than it has ever been since humans evolved. Earth was as warm eons ago, but it's not clear that people can survive it without major disruption and mass die-offs. The reason the earth is warming so rapidly, according to Climate Action Tracker(CAT), is because no nation has even met its (inadequate) targets for cutting emissions, and even if they did, none would be enough to slow global warming. The US's inability to adopt carbon emission reduction programs like cap and trade is symptomatic: Brazil's and Mexico's gestures, according to CAT, are ineffectual or worse. But the world as a whole is even more so: nations appear unable--or unwilling, like the US--to meet their climate change pledges.

The reason for the puny response is political. There is no lack of technology to battle climate change. But private interests are donating funds to prevent its use, and persuade others it's unnecessary. The Kochs, for example, have a stake in preventing programs to ameliorate climate change. Citizens United has opened the financial floodgates, rendering billionaires even more effective at blocking positive action.

The flood from the super-rich parallels the near monopoly of wealth and power of Rome's Senators in the fifth century. Then, everyone else was driven into serfdom; now its wage slavery and debt--if you're lucky enough to get a job--but now the world's people will be corralled into an overheated ditch.

Maybe the billionaires think they can create their own climate-controlled havens to survive?

No comments:

Post a Comment