Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Comment
Rebecca Solnit

Billionaires are out of touch and much too powerful. The planet is in trouble

Chairman of SpaceX and X, Elon Musk.
‘To earn as much as Elon Musk’s net worth – $180bn – while earning $10,000 a week, you would have to work for more than a third of a million years.’ Photograph: Alain Jocard/AFP/Getty Images

When you talk about the climate crisis, sooner or later someone is going to say that population is the issue and fret about the sheer number of humans now living on Earth. But population per se is not the problem, because the farmer in Bangladesh or the street vendor in Brazil doesn’t have nearly the impact of the venture capitalist in California or the petroleum oligarchs of Russia and the Middle East. The richest 1% of humanity is responsible for more carbon emissions than the poorest 66%. The rich are bad for the Earth, and the richer they are the bigger their adverse impact (including the impact of money invested in banks, and stocks financing fossil fuels and other forms of climate destruction).

In other words, we are not all the same size. Billionaires loom large over our politics and environment in ways that are hard to understand without taking on the shocking scale of their wealth. That impact, both through their climate emissions and their manipulations of politics and public life means they are not at all like the rest of humanity. They are behemoths, and they mostly use their outsize power in ugly ways – both in how much they consume and how much they influence the world’s climate response.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.