Global Gov’t: This year’s climate change report by the World Bank is a frightening screed filled with warnings of apocalyptic doom. Doesn’t this organization have anything better to do than to needlessly scare people?
The World Bank was established in 1944 as a “facilitator of post-war reconstruction and development.” That job done, it now has a “present-day mandate of worldwide poverty alleviation.”
In taking on that burden, it has assured itself it will never fade away, because as long as there are humans, we’ll have poverty, which guarantees that World Bankers will always have jobs trying (but never succeeding) in lifting the poor through means that continuously fail.
World Bank President Jim Yong Kim got it half-right when he said, “We will never end poverty if we don’t tackle climate change.” Poverty has always been, and, unfortunately, always will be part of the human condition. The World Bank will never end it.
But he’s got it 100% wrong about the importance of the World Bank tackling climate change. If it doesn’t, nothing will be lost. But if it does, lots is locked in. Policy changes to mitigate carbon dioxide emissions, which the World Bank supports, will be costly.