Inaction over climate change is more than shameful, it’s suicidal

Shaming those who can do something about global warming will not work, because they have no shame, because they can’t see the wrong in what they’re doing.

The Financial Times

I agree with Martin Wolf that “we need to shift the world on to a different investment and growth path right now”. I agree rich countries who caused the problem need to pay. The redistribution of wealth to “countries that matter for the solution” needs to happen. But I doubt very much if it will.

The wealthiest individuals, in the wealthiest economies, are like the character Sydney Stanton, the hobbled billionaire in 1950’s sci-fi film When Worlds Collide (1951). He thinks his wealth guarantees him a seat on the ark, it doesn’t, it only give him the opportunity to build one.

Think about this for a moment. The 1000 richest people in the United Kingdom increased their wealth by 184 per cent in the ten years that have accompanied austerity. They accrued £468 billion on top of the £256 billion they already had, while the rest of the population experienced the worst decline in living standards in a generation.

They no doubt accumulated this wealth by working hard, making shrewd investments, and leading successful businesses. They also managed to convince successive neoliberal governments to decreased their tax liability.

£468 billion could do a lot of good. Why isn’t it? Because trying to shame the Stanton’s of the world into changing their ways is like eating glass. The only person with a lacerated tongue is you. “You did it to yourself.” Shaming them will not work.

They still think they can buy a seat on the ark, and a way out of the apocalypse.

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