Opinion | Why the 2020 Election Makes It Hard to Be Optimistic About the Future – By Paul Krugman – The New York Times

By 

Opinion Columnist

Credit…Doug Mills/The New York Times

“The 2020 election is over. And the big winners were the coronavirus and, quite possibly, catastrophic climate change.

OK, democracy also won, at least for now. By defeating Donald Trump, Joe Biden pulled us back from the brink of authoritarian rule.

But Trump paid less of a penalty than expected for his deadly failure to deal with Covid-19, and few down-ballot Republicans seem to have paid any penalty at all. As a headline in The Washington Post put it, “With pandemic raging, Republicans say election results validate their approach.”

And their approach, in case you missed it, has been denial and a refusal to take even the most basic, low-cost precautions — like requiring that people wear masks in public.

The epidemiological consequences of this cynical irresponsibility will be ghastly. I’m not sure how many people realize just how terrible this winter is going to be.

Deaths from Covid-19 tend to run around three weeks behind new cases; given the exponential growth in cases since the early fall, which hasn’t slowed at all, this means that we may be looking at a daily death toll in the thousands by the end of the year. And remember, many of those who survive Covid-19 nonetheless suffer permanent health damage.

To be fair, the vaccine news has been very good, and it looks likely that we’ll finally bring the pandemic under control sometime next year. But we could suffer hundreds of thousands of American deaths, many of them avoidable, before the vaccine is widely distributed.

Awful as the pandemic outlook is, however, what worries me more is what our failed response says about prospects for dealing with a much bigger issue, one that poses an existential threat to civilization: climate change.

As many people have noted, climate change is an inherently difficult problem to tackle — not economically, but politically.

Right-wingers always claim that taking climate seriously would doom the economy, but the truth is that at this point the economics of climate action look remarkably benign. Spectacular progress in renewable energy technology makes it fairly easy to see how the economy can wean itself from fossil fuels. A recent analysis by the International Monetary Fund suggests that a “green infrastructure push” would, if anything, lead to faster economic growth over the next few decades.

But climate action remains very difficult politically given (a) the power of special interests and (b) the indirect link between costs and benefits.

Consider, for example, the problem posed by methane leaks from fracking wells. Better enforcement to limit these leaks would have huge benefits — but the benefits would be widely distributed across time and space. How do you get people in Texas to accept even a small rise in costs now when the payoff includes, say, a reduced probability of destructive storms a decade from now and half the world away?

This indirectness made many of us pessimistic about the prospects for climate action. But Covid-19 suggests that we weren’t pessimistic enough.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s