A symbol of decline?
Every year a group of scientists, many of whom are Nobel laureates, set a big clock as a symbol of our dire straits. At the time when the Cold War was ending they set it at its lowest (safest) point ever at 17 minutes to midnight.
Sadly, since then the clock has been moving back up closer to midnight. In January 2016, after tensions rose between Russia and NATO and after the warmest year on record for the world, they set it at 3 minutes to midnight. After Trump got elected and bellicose relations continued between the US and North Korea it was set at 2 & ½ minutes to midnight. That was the highest since 1953 when the US first tested the atom bomb. it is even higher now.
There is no doubt that all of this is being driven by fear. Fear of disaster can be a useful thing. When the world realized that a hole was being punched in the Ozone layer because of chlorofluorocarbons (‘CFSs’) in the atmosphere they got together and adopted the Montreal Protocol to do something about it. They phased them out. This was a rational response to fear. That action has been a remarkable success story.
But this is not happening in Kansas at the missile silos bought by wealthy fearful people. Instead, it is another case of the super wealthy doing nothing to solve the problem they helped to create. Instead of doing something helpful, they are using their money to buy an escape. It is illusory, but that is what these rich people want to do with their money. Instead of using it to help solve the problem, they are trying to run away from it. As Evan Osnos said,
“Fear of disaster is healthy if it spurs action to prevent it. But élite survivalism is not a step toward prevention; it is an act of withdrawal… Faced with evidence of frailty in the American project, in the institutions and norms from which they have benefitted, some are permitting themselves to imagine failure. It is a gilded despair. As Huffman, of Reddit, observed, our technologies have made us more alert to risk, but have also made us more panicky; they facilitate the tribal temptation to cocoon, to seclude ourselves from opponents, and to fortify ourselves against our fears, instead of attacking the sources of them. ”
Some of the super-rich have a perverted sense of risk. One of them, a hedge fund manager of course, said this to Osnos “He was telling me we should buy land in New Zealand as a backup. He’s, said to Osnos, ‘What’s the percentage chance that Trump is actually a fascist dictator? Maybe it’s low, but the expected value of having an escape hatch is pretty high.’ ” Even though he had supported Trump he wanted an escape hatch in case he had made a mistake.
Another super-wealthy CEO had a much better approach. This is what he said,
“There are other ways to absorb the anxieties of our time. “If I had a billion dollars, I wouldn’t buy a bunker,” Elli Kaplan, the C.E.O. of the digital health startup Neurotrack, told me. “I would reinvest in civil society and civil innovation. My view is you figure out even smarter ways to make sure that something terrible doesn’t happen.” Kaplan, who worked in the White House under Bill Clinton, was appalled by Trump’s victory, but said that it galvanized her in a different way: “Even in my deepest fear, I say, ‘Our union is stronger than this.’ ”
Osnos understands this well. The panicky approach of rich people trying to escape reality is just plain dumb. It is dumb and counter-productive as it is likely to make the problem worse, not better. Super-rich people are purchasing their own doom with these mad schemes. Osnos understands that the CEO who believes the political union in America is stronger than the survivalists think is “in the end, an article of faith—a conviction that even degraded political institutions are the best instruments of common will, the tools for fashioning and sustaining our fragile consensus. Believing that is a choice.”
Yes there really is a better way.