“While countries have shown aspirations to reduce emissions, the reality is far more bleak and complicated. The global economy is currently hardwired to run on fossil fuels. As incumbents, the multibillion corporations that extract gas and petroleum have a huge built in advantage over upstart renewable companies. In addition, fossil fuels enjoy $5 trillion in direct and indirect subsidies, and there’s ample infrastructure to extract and burn them. As a result, the levers of policies are pulled largely in favor of preserving this status quo despite the existential risk it poses.”
That is part of a damning critique by Brian Kahn over at Gizmodo (Building All the Fossil Fuel Projects Already in the Pipeline Would Wreck the Climate). The argument he is making there is about why it is hard to make rational changes everyone knows we have to make when there are so many vested interests. It’s an entire system of wealth and power, as always. That is the point I made in looking at California’s environmentally-unsustainable economy (Is California a Canary in the Coal Mine?). But that isn’t why I decided to quote the above.
What disturbs me is that the US ruling elite throw around trillions of dollars as if it were chump change. That is trillions of dollars every year (quite possibly an undercount at that, as not only is wealth given away but resources, opportunities, and access are given away before they are measured as wealth in any accounting, all of it defended and enforced by a military empire that is costly beyond imagination, costly also in terms of lives and human potential callously sacrificed). And we are talking about only one industry. They also waste trillions of dollars in selling other natural resources below market prices, in no-bid contracts for the defense industry, in all that goes into big ag, and much else. A few trillion here, a few trillion year, and on and on, in every sector of the economy every year, repeat ad nauseum for decades and generations on end. Yet we are told we don’t have enough money for basic needs of survival for Americans, that we can’t afford even to raise minimum wage for those who don’t earn enough to pay the bills, despite working multiple jobs. There are millions of Americans without affordable healthcare, sometimes without homes even, and going without food on a regular basis. But we can’t afford to ensure the public good. Well, I’m pretty sure those trillions upon trillions multiplied over a lifetime or longer could have gone a long way in investing in housing for all, universal healthcare, good schools even for the poor, clean water that is free of lead, and on and on.
Compare that to another country rich in natural resources, Iceland. They used a public company to sell their oil on the market and they sold it at market prices. The oil is still part of the same environmental problems, but at least the profits went to create a massive national surplus in preparing for the future. That surplus equates to millions of dollars per citizen and it can only be used for the public good, such as funding their large social safety net. That is what a functioning democracy looks like. Instead, what we Americans have is kleptocracy. What is going on is outright theft of the commons. The fact that such theft is part and parcel of the destruction of the world makes it all the worse. But even ignoring that, I want back the millions of dollars that were stolen from me. How about you? Do you want what was wrongfully taken from you? Or would you rather remain a slave?
What we’re talking about is reparations, not only for African-Americans descended from slaves and Native Americans whose ancestors survived genocide. This would be reparations for all Americans who have had wealth, resources, and opportunities stolen from them. Think about those who died young because of a lack of healthcare. Those are years of life stolen, loved ones taken from us too soon. How does one repay that? There is no amount of money that can undo the harm caused by the evil from generations of theft, corruption, and injustice. Even if we took all the wealth from the rich, it still couldn’t offset the harm caused to individuals and to society. The plutocrats have already wasted most of that wealth and so it’s gone. That is what psychopaths and authoritarians tend to do with other people’s money. They waste it. Yet they still have some of the wealth they sole from us Americans. Getting recompense for a fraction of what they stole is better than nothing. We only want what is rightfully ours. The kleptocrats took it from us and we want it back.
The ruling elite say we can’t steal from the rich because they only have so much money. I don’t want to steal from them. I want back at least some of the wealth they stole from me and my fellow Americans (easily hundreds of trillions of dollars over the past generation alone), not to mention what they stole from foreign populations. It should be given back because it is the right thing to do. It’s that simple. How do the police retrieve stolen property? Well, there is a well established protocol for enforcing justice in cases of theft. It’s done by the police pointing a gun at the robber, arresting them, placing them in jail, and then putting them on trial. All we Americans are asking for is justice, that our our free society be defended and our rights protected. Why aren’t the police doing their job? That is their job, right? If not, maybe others should do the job for them. Fear of violent oppression can only maintain the social order for so long.
Why do we accept this, allow this? As the American founders made clear, it has always been in our hands to choose our own government, our own constitution, and it has always been our right and responsibility to demand it by any means necessary, even revolution as our country was founded*. In dealing with this existential crisis humanity is facing, we are going to need all of our wealth to re-invest in a better society. We never should have tolerated kleptocracy, corporate welfare, and socialism for the rich. We can’t afford it.
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*Whether revolution will be non-violent or violent would depend on the response of the government and ruling elite. If they choose violence, it will be violent. But I’m sure the American people would prefer a peaceful transition, if that is allowed by the powers that be. That is what Bernie Sanders is asking for when he speaks of revolution. And there is historical precedence for this, such as Portugal’s Carnation Revolution.
Either way, know this. Revolution will happen. It cannot be stopped. That is because the system is unsustainable. As I said, it’s simply unaffordable. The costs are too high. Shifting those costs onto the poor and future generations, shifting the costs onto foreign populations and the environment… that doesn’t solve the problem. It only delays it for a while. Now we are at the end point. No further delays are possible. The bill has come due. We can do this the easy way or the hard way.
As Ralph Nader put it, “there’s always a party before the party’s over.”
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Cookie Cutter corporate media hack trying to defend plutocracy:
“Do you then ultimately believe that the most ultra-wealthy of us should give back in this way by being taxed in this way? I know you wrote a book Only the Super-Rich Can Save Us! Do you really believe that that’s their duty and they should do it through a wealth tax of this sorts?
“Well, definitely Warren Buffett and Lawrence Fink of Blackstone and Yvon Chouinard of Patagonia and others have talked about a reset in terms of corporate response and in response to the wealthy. But look. After years of political campaign cash and sending their candidates into high office, the super-rich have got huge tax escapes; they have huge subsidies, bailouts, giveaways, Wall Street, General Motors; they have huge antitrust protection, monopolistic prices; they’ve stalled or frozen wages.
“These are trillions and trillions of dollars that come from people who work hard every day, but have not received what they should have received given their earned effort. So this is like a restoration of fair play. And let me tell you. You’ve heard the old saying, there’s always a party before the party’s over. And some good guys in Wall Street and some of the more responsible corporate executives know they’re pushing that envelope too far in the face of the American people. And that’s why they’re huge polls supporting a lot of Sanders and Warren’s measures and they include quite a few conservative voters. You can’t have 65, 70, 75 percent vote for cracking down on corporate abuses, for a living wage, for universal health care unless you have quite a bit of conservative voters as well, right?”