Earth: Game Over?

From Common Dreams:

We’re in the middle of a sixth mass extinction, and this will be the first one—and possibly the last—we will witness as human beings.

by John Feffer

Video games usually provide you with multiple lives. If you step on a landmine or get hit by an assassin, you get another chance. Even if such virtual reincarnation is not built into the rules of the game, you can always reboot and start over again. You can try again hundreds of times until you get it right. This formula applies to first-person shooter games as well as simulation exercises like SimEarth.

The real Earth offers a similar kind of reboot. Catastrophe has hit our planet at least five times, as Elizabeth Kolbert explains in her new book, The Sixth Extinction. During each of these preceding wipeouts, the planet recovered, though many of the life forms residing in the seas or on land were not so fortunate (“many” is actually an understatement—more than 99 percent of all species died out in these cataclysms). As Kolbert points out, we are in the middle of a sixth such world-altering event, and this will be the first—and possibly the last—extinction that we will witness as human beings. The planet and its hardier denizens may soldier on, but for us it will be game over.

A subset of environmentalists is already preparing for the end game. In the latest New York Times Magazine, Paul Kingsnorth—the author of the manifesto Uncivilizationconfesses that he has given up trying to save the planet. He rejects false hopes. “You look at every trend that environmentalists like me have been trying to stop for 50 years,” he says, “and every single thing had gotten worse.” He’s heading to the wilderness of Ireland to grow his own food, homeschool his kids, and prepare for the difficult days ahead.

Survivalism: it’s not just for right-wing wackos any more.

Meanwhile, the rest of us are still trying to figure out how to avert disaster. The United Nations recently released another in its series of reports on climate change. This one tries to put a price tag on what we need to do over the next 15-20 years to stop the global mercury from rising.

To implement the recommendations of the UN’s Intergovernmental Panel on Climate Change (IPCC), governments must dramatically increase their investments in low-carbon energy sources. Each year, governments will have to spend an additional $147 billion on such renewable sources of energy as solar and wind power. On top of that, governments need to put $336 billion each year into greater energy efficiency in public and private infrastructure. If we follow all the IPCC recommendations, we can expect to save about $30 billion from eliminating subsidies to industries in the dirty energy sectors.

That still leaves an annual bill of more than $450 billion. This is probably a lowball figure, given the commitment that the industrialized world has made to help the developing world continue to grow economically without expanding its carbon footprint. This figure aclimatlso doesn’t cover current climate change costs associated with extreme weather events, droughts in food-growing areas, the preservation of coastal areas, and other catastrophes in the making. The bill for upgrading U.S. infrastructure alone will run into hundreds of billions of dollars each year.

If you’re planning to remodel your kitchen, you’re supposed to get a couple of different estimates. So, with a task as large as saving the world, it’s probably wise to check in with a couple other sources.

But those looking for salvation on the cheap are going to be disappointed. The International Energy Agency, an intergovernmental organization connected to the OECD, estimates that the world needs to invest a trillion dollars into clean energy—every year between now and 2050. Then there was the Stern Commission report on the economics of climate change that came out in 2006. At the time, Nicholas Stern estimated that stabilizing the current level of greenhouse gasses in the atmosphere would require an investment of 1 percent of global GDP, which at the time was a little more than $300 billion. He revised that up to about $600 billion a couple years later, though nowadays he’s talking more in the trillion-dollar range as well.

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How Piketty’s Bombshell Book Blows Up Libertarian Fantasies

From Alternet:

Sorry, Ayn Rand. Your fiction has been exposed as, well, fiction.

By Lynn Stuart Parramore
April 27, 2014

Libertarians have always been flummoxed by inequality, tending either to deny that it’s a problem or pretend that the invisible hand of the market will wave a magic wand to cure it. Then everybody gets properly rewarded for what he or she does with brains and effort, and things are peachy keen.

Except that they aren’t, as exhaustively demonstrated by French economist Thomas Piketty, whose 700-page treatise on the long-term trends in inequality, Capital In the 21st Century, has blown up libertarian fantasies one by one.

To understand the libertarian view of inequality, let’s turn to Milton Friedman, one of America’s most famous and influential makers of free market mythology. Friedman decreed that economic policy should focus on freedom, and not equality.

If we could do that, he promised, we’d not only get freedom and efficiency, but more equality as a natural byproduct. Libertarians who took the lessons from his books, like Capitalism and Freedom (1962) and Free to Choose (1980), bought into the notion that capitalism naturally led to less inequality.

Basically, the lessons boiled down to this: Some degree of inequality is both unavoidable and desirable in a free market, and income inequality in the U.S. isn’t very pronounced, anyway. Libertarians starting with these ideas tend to reject any government intervention meant to decrease inequality, claiming that such plans make people lazy and that they don’t work, anyway. Things like progressive income taxes, minimum wage laws and social safety nets make most libertarians very unhappy.

Uncle Milty put it like this:

“A society that puts equality—in the sense of equality of outcome—ahead of freedom will end up with neither equality nor freedom.… On the other hand, a society that puts freedom first will, as a happy by-product, end up with both greater freedom and greater equality.”

Well, that turns out to be spectacularly, jaw-droppingly, head-scratchingly wrong. The U.S. is now a stunningly unequal society, with wealth piling up at the top so fast that an entire movement, Occupy Wall Street, sprung up to decry it with the catchphrase “We are the 99%.”

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