The Bezos Earth Fund Indicates a National Failing - The Atlantic - 0 views
www.theatlantic.com/...606847
billionaire dysfunction state crisis politics Policy history privatization
shared by Javier E on 21 Feb 20
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Jeff Bezos announced the creation of the Bezos Earth Fund, which will disperse $10 billion in the name of combatting climate change. The fund is a triumph of philanthropy—and a perfect emblem of a national failing.
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In a healthy democracy, the world’s richest man wouldn’t be able to painlessly make a $10 billion donation. His fortune would be mitigated by the tax collector; antitrust laws would constrain the growth of his business. Instead of relying on a tycoon to bankroll the national response to an existential crisis, there would be a national response.
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in an age of political dysfunction, Bezos has begun to subsume the powers of the state. Where the government once funded the ambitious exploration of space, Bezos is leading that project, spending a billion dollars each year to build rockets and rovers. His company, Amazon, is spearheading an experimental effort to fix American health care; it will also spend $700 million to retrain workers in the shadow of automation and displacement.
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Bezos is providing the vital infrastructure of state. When Amazon locates its second headquarters on the Potomac, staring across the river at the capital, it will provide a perfect geographic encapsulation of the new balance of power.
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there is no meaningful public oversight of Bezos’s power. His investments and donations—not to mention the dominance of his sprawling firm and his ownership of one of the nation’s most important newspapers—give him an outsize role in shaping the human future.
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There’s no clear sense of the projects it will bankroll, even though a contribution of that scale will inevitably set the agenda of academics and nongovernmental organizations.
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Bezos’s personal biases—his penchant for technological solutions, his skepticism of government regulation—will likely shape how the Bezos Earth Fund disperses cash. And that will, in turn, shape how activists and researchers craft their grant proposals, how they attempt to please a funder who can float their operations.
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Even if Amazon aims to slash its own emissions, it’s creating an economy that seems likely to undermine its stated goal of carbon neutrality. A reasonable debate about planetary future would at least question the wisdom of the same-day delivery of plastic tchotchkes made in China.
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Then there are the policies that permit companies, like Amazon, to pay virtually nothing in taxes—revenue that would ideally fund, say, a Green New Deal. It hardly seems likely that the Bezos Earth Foundation will seek to erode the very basis of the fortune that funds it.
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A skeptical response to the Bezos Earth Fund doesn’t preclude the hope that it will do real good. Michael Bloomberg’s climate philanthropy has played an important role in shutting down coal-fired power plants.
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In these years of polarization and dysfunction, the public keeps turning to saviors who present themselves as outsiders and promise transformation. Trump, of course, billed himself as this sort of salvific figure. But instead of curing voters of this yearning, he seems to have exacerbated it. The current temptation comes in the form of billionaires who exude competence
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That the public seems indifferent to the dangers of a growing plutocracy is perhaps the greatest national failing of them all.