Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Global Warming, the Media, and the Impending Catastrophe

Politics / Climate Change Dec 18, 2009 - 01:17 AM GMT

By: Submissions


Best Financial Markets Analysis ArticleAnn Robertson and Bill Leumer write: Soon, President Barack Obama will travel to Copenhagen with his pathetically inadequate proposal to lower greenhouse gas emissions by 17 percent of 2005 levels by 2020, which in essence will amount to driving off the environmental cliff at 83 miles per hour rather than 100 miles per hour.  This proposal will only place our emissions at 3-4 percent below 1990 levels. 

We know that the planet’s temperature in the 1980s was greater than in the 1970s and that the 1990s was warmer than in the 1980s. The period from 2000 – 2009 is the warmest decade in modern record.  So simply going back to a level slightly below 1990 will mean that global warming will still be on the rise.  In fact, we need to bring an immediate and complete halt to the rise in global warming emissions and then follow this by its steady reduction.

President Obama’s proposal will not forestall the melting of the north polar ice caps, which are already 40 percent gone.  Al Gore predicts they will be entirely gone in 5 to 15 years, if current trends continue. The proposal will not stem the record-breaking flooding in much of the country.  And it will not bring a halt to the millions of trees in the west that are dying, due to drought conditions that are caused by global warming.  We would need to enforce an absolute decrease in the levels of greenhouse gas emissions rather than simply slow their increase in order to adequately address these calamities that are engulfing much of the country, leaving millions of people suffering in their wake.

But why have protests around global warming been so muted in the U.S. while so intense in Europe?  In part, the explanation lies in how the U.S. media has been covering global warming, which has sowed confusion, complacency, and paralysis.

For example, recently CNN spent almost a week focusing on the hacked e-mails from a British scientist’s computer, as if these e-mails seriously cast doubt on the overwhelming evidence that proves, not only the existence of global warming, but the catastrophic results that are already unfolding before our eyes.  Their broadcasts were headlined with questions along the lines of:  Do these e-mails prove global warming is a hoax?  But once CNN let their two so-called experts respond, it was virtually impossible to arrive at any definite conclusion.  But the question itself, which was repeated ad nauseam, was seared into the viewers’ consciousness, leaving them in a perpetual state of doubt.

Even more recently, after a short cold spell, AOL asked on its home page (December 12, 2009):  “Does this mean there’s no global warming?” suggesting that a few days could somehow undermine decades of data.

But the Associated Press with an article by Seth Borenstein, “Be prepared, adapt or die, experts warn” (The San Francisco Chronicle, December 4, 2009), takes the prize for worst coverage.  It begins:

     “With the world losing the battle against global warming so far, experts are warning that humans need to follow nature’s example:  Adapt or die.
     “That means elevating buildings, making taller and stronger dams and seawalls, rerouting water systems, restricting certain developments, changing farming practices and ultimately moving people, plants and animals out of harm’s way.”

The article went on to mention the Adonis blue butterfly of Britain that was threatened with extinction because it could not fly far and global warming was making its habitat unlivable.  But it evolved longer wings, making flight possible.

The various implications of this article, only slightly veiled, are absurd. The article makes global warming seem impossible to stop but something to be accepted fatalistically. It offers “solutions” that are completely untenable, such as moving plants and animals out of harm’s way.  It proposes steps to take that are entirely beyond the scope of single individuals, such as rerouting water systems, elevating buildings, and so on.  And it makes us look for solutions in the direction of what is patently ridiculous, like evolving fins or perhaps 20-foot long legs to cope with rising water levels.

Given this media coverage, one can only marvel that any people in the U.S. are convinced that global warming is a threat and want their government to act aggressively to combat it.

But in the final analysis, behind the media stand powerful corporate interests that lobby intensely against any measures that would seriously attempt to combat global warming.  Automobile industries have fought against fuel efficiency requirements.  Coal industries have tried to convince us of the existence of “clean coal,” which shares the same kind of reality as unicorns and tinkerbell.  Oil companies eagerly anticipate the melting of the north polar ice caps, since vast new oil explorations will be opened up.  And many of these corporations have paid scientists to cast doubt on the existence of global warming.

Capitalism, by promoting greed and self-interest, is once again sacrificing the common good for the profit margins of a small powerful minority as it allows greenhouse emissions to steadily expand.  But this time capitalism is threatening, if not the very existence of humanity, life on this planet as we have known it.

About the Authors: Ann Robertson is a Lecturer at San Francisco State University and a member the California Faculty Association. Bill Leumer is a member of the International Brotherhood of Teamsters, Local 853 (ret.). Both are writers for Workers Action and may be reached at .

© 2005-2022 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


20 Dec 09, 16:11
Waiting for Godot?

The work to link climate to carbon dioxide began before Elvis made his first album. Can we expect a working model linking the two sometime soon? Not that I'm impatient, it would just be nice to have before strangling the global economy in the name of this fraction of a workable hypothesis. Now, if we're saying the sky is falling because it's an easier storyline to sell than peak cheap oil, that's another matter. That would make sense. (And no, chanting "consensus" is not the same as getting scientists to actually go along with your hypothesis.)

20 Dec 09, 16:22
Evil greed

This always baffles me. Capitalism promotes greed by letting people keep their own property. Marxism is kind and generous and altruistic because you want to get your hands on other peoples' property. I guess I'll need more degrees to plumb the depths of that mystery. The whole message of Marxism is that you too can get your hands on other peoples' property, and deserve to. Of course, it's a sham because in reality the "wealth" is shared by funneling it from the many to the few kleptocrats. (I'm talking about in real life, not, "Wouldn't it be nice if...")

Capitalism is based on individual freedom to choose, and voluntary exchanges of value. Marxism, not so much. Free and voluntary are actively discouraged.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in