Jeff Bezos wants to save the world – it’s been good to him, after all. Image credit: Steve Jurvetson/Flickr, CC BY 2.0, Wikimedia Commons
Though Bezos’ interest in climate change is commendable, his latest venture is far more problematic than it might initially appear. Some have already drawn attention to the irony of his decision given Amazon’s enormous carbon footprint
and reliance on continuous cheap consumption.
Then there are the numerous controversies surrounding pay and working conditions, notably Bezos’s decision to cut health benefits
for part-time workers at his Whole Foods grocery stores, saving the equivalent of what he earns in a few hours.
Bezos’ contribution highlights the dangers of relying on billionaire philanthropy at the expense of the democratic social transformation that is needed to adequately address the climate and ecological crisis. By contributing such significant sums, the wealthy elite exert ever greater influence
over the organisations they control, media platforms and public policy discussions
Perhaps most importantly, billionaires like Bezos
represent a failed socioeconomic system that entrenches inequality and exacerbates environmental degradation
It is no secret that the world’s wealthy elite – the richest 26
of whom own more wealth than the poorest half of humanity – exert considerable influence over our social and political life. They use their enormous wealth to mould policies
, and even the information we receive via the mainstream media. Jeff Bezos owns
the The Washington Post
, for instance, while media mogul Rupert Murdoch owns and controls 70%
of Australia’s newspaper circulation and several national papers
in the UK.
In a similar fashion, the billions in charitable contributions
by individuals such as Bezos and Bill Gates allow them control over what organisations like the new “Bezos Earth Fund” do and how they function. As the American economist Robert Reich points out
, it is through such ventures that the rich “convert their private assets into public influence”.
In the fields of political science and sociology, “elite theorists
” such as C. Wright Mills
have long pointed to the undemocratic implications of wealthy people and business interests wielding disproportionate political power.
Perhaps the most problematic aspect of billionaire philanthropy is that individuals such as Bezos are a key part of the problems they’re seeking to address. They are the inevitable products of neoliberal capitalism
, a socioeconomic system based on endless growth, privatisation of the commons and capital accumulation in increasingly fewer hands.
As I’ve discussed previously
, a growing body of evidence
points to an association between extreme wealth, inequality and ecological degradation.
The profligate lifestyles of the rich are highly resource and carbon intensive
– emissions caused by the lifestyles of the wealthiest 1% of humanity are estimated to be more than 30 times larger than the poorest 50%. Moreover, research suggests
that the more unequal a society, the greater its ecological footprint. This is because the extreme gap between the “haves” and the “have-nots” places pressure on the latter to enhance their social status through increased material consumption.
With the recent flood of pledges by investors to "turn up the heat" on climate action, one might think that the investment industry was in the midst of a profound shift. If only that were the case...
Cecile Feront & Stephanie Bertels 17 Jan 2020
What can we do? Put a limit on extreme wealth
Billionaires and extreme wealth inequality more generally are inimical to social and ecological well-being. Hence the prominent French economist Thomas Piketty’s recent call to tax billionaires out of existence
Rather than relying on contributions by the world’s ultra-rich, adopting measures to radically reduce socioeconomic inequality is one place to start. This can be achieved through progressive tax schemes
like that suggested by Piketty and progressive politicians such as Bernie Sanders, or by increasing the minimum wage and introducing a maximum wage
. The funds generated could be used to support initiatives such as the Green New Deal
We cannot rely on the generosity of the world’s wealthy elite, however well-intentioned some may be. The disproportionate amount of wealth and political power they possess – and their profligate consumption of the world’s resources – lie at the heart of our current ecological woes.
This article is republished from The Conversation
under a Creative Commons license. Read the original article