The world’s richest man, Elon Musk, has made headlines again this week for hos $61.6 billion takeover bid for social media platform Twitter.
Political activists and media outlets have taken to declaring that his wealth would be better spent on solving world hunger and climate change. While it may be true that that money could be better spent for good, solving our global crises is not as simple as money.
WFP estimates that up to 811 million people around the world do not have enough food, and 44 million are on the brink of famine. Last year, David Beasley, the Director of the World Food Programme challenged Musk to use his wealth to fight world hunger. A plan for $6.6b, he said, could address the food crisis for 42 million people in 43 countries by providing one meal a day. That would be a great start, but it’s more complex than that.
What institutions fail to recognize publicly when they speak of the current situation of global poverty are the historical drivers behind it. Global poverty and inequality are the result of grave historic political, economic, social and environmental failures. No amount of money will “fix” it. In fact, it is paradoxical to depend on the system that created the wealth gap and climate emergency to solve it.
Unfortunately social, economic and environmental crises are intertwined. Climate change is only making poverty worse and vice-versa. Capitalism is killing the planet and its people.
Environmental writer George Monbiot says, “you might expect an intelligent species to respond to these signals swiftly and conclusively, by radically altering its relationship with the living world. But this is not how we function. Our great intelligence, our highly evolved consciousness that once took us so far, now works against us.”
The world, our planet and its people depend on a complex web of systems- a delicate equilibrium which has been severely destabilized by global capitalism. Economic growth requires us to consume more and more, which exploits our natural resources, destroys habitats and biodiversity beyond repair. Economic crises are environmental crises.
Take the African continent alone. Extreme povery has ravaged the continent for decades. Structural poverty. Climate change has worsened the already dire situation of extreme and relative poverty because resulting devastating floods and extraordinary drought periods in recent years have led to crop failures and severe food insecurity. This will only worsen. It has been said time and time again that those most vulnerable to the effects of climate change are those who have not caused it in the first place.
Regardless of the political showdown between Musk and those who believe he should spend his fortunes on world hunger. The same economic system that leads to the creation of millionaires, billionaires and trillionaires is the same system that is at the very root of our global economic and social crises.
There is no doubt that $6b could address problems of world hunger in the here and now by providing immediate assistance to those who need it. Yet, solving world hunger, poverty and the climate crisis are going to take more than just economic investments. The root structural and systemic causes first need to be acknowledged, regretted, and changed.
I’ll leave you with the words of Monbiot, “more important than the direct impacts of the ultra-wealthy is the political and cultural power with which they block effective change. Their cultural power relies on a hypnotising fairytale. Capitalism persuades us that we are all temporarily embarrassed millionaires. This is why we tolerate it. In reality, some people are extremely rich because others are extremely poor: massive wealth depends on exploitation.”