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Sunday, December 19, 2021

We need a global summit on inequality

 




Climate concern: The sun rising behind the chimneys of a thermal power station. A recent International Monetary Fund study points out that the richest countries represent only 16% of the world population but almost 40% of CO2 emissions. — AFP   

INCOME and wealth inequality is unjust, and yet the world continues to tolerate rising injustices, the most recent being inequalities in vaccine distribution.

French political economist Thomas Piketty and his colleagues at the World Inequality Lab has just published the World Inequality Report 2022, a real goldmine for data and insights on global inequalities.

I found at least three nuggets inside that are blindingly obvious, but no one has quite tied it together so well as Piketty and his team.

First, inequality is primarily a political issue. We can all do something about it, but since politics has been captured by money, the few remain more equal than the many.

Between 1995 and 2021, the top 1% wealthiest people in the world captured 38% of the growth in global wealth, whereas the bottom 50% had a pitiful 2% share.

Similarly, the richest 10% of world population take home 52% of global income, whereas the bottom 50% earned only 8.5%.

The report showed why these inequities could not be reduced despite increases in average income and wealth per capita.

The progressive tax rates where the rich paid more than the poor, introduced in the first half of the 20th century to deal with inequality, were dismantled in the 1980s.

The neoliberal free market philosophy preached low taxes and small governments to encourage entrepreneurship, but effectively handed more income and wealth to the elite few.

Piketty’s second historical insight is that Europe and later America got rich on the back of both the Industrial Revolution and colonisation.

In 1820, between country (inter-country) inequality was only 11% of global inequality meaning that most inequality was domestic (intra-country).

But inter-country inequality rose when the West advanced with industrialisation and resource extraction from the colonies.

That peaked in 1980 when it represented 57% of global inequality.

Since then, the rise in income of China, India and other newly independent countries narrowed the gap with the West, but by 2020, domestic inequality again accounted for 68% of global inequality.

This meant that the developing countries allowed their own inequalities to worsen, even as they were narrowing the gap with the West.

In short, the rich are the same everywhere. They have more and want more.

But there is a twist to this story.

One reason why the Rest has caught up with the West is that “nations became richer, but governments have become poor.”

In essence, because the Europe, north America and Japan governments used debt to tackle slow growth since the 1980s, private wealth grew at the expense of public wealth.

Privatisation policies transferred public wealth such as utilities to the private sector, whereas public sector debt continued to increase.

The UK and US public wealth which was around 15% to 30% of total wealth before the 1980s declined to net liabilities of minus 10% to minus 20% of total wealth respectively.

Contrast this with China and Russia, where public wealth represents around 30% of national wealth, down from 70% at the end of the 1980s.

The third report insight is that inequalities and climate change are highly co-related.

Between 1850 and 2020, half (49%) of historical carbon emission was accounted by north America (27%) and Europe (22%),

China accounted for 11%, but has become the largest emitter, although per capita emission remains lower.

A recent International Monetary Fund study pointed out that “the richest countries represent only 16% of the world population but almost 40% of CO2 emissions.

The two categories of the poorest countries in the World Bank classification account for nearly 60% of the world’s population, but for less than 15% of emissions.”

The COP26 debate was all about whether China, India and other emerging markets that are increasing their carbon emissions should do more on net-zero pledges.

The entanglement between CO2 emission and income and wealth levels suggests that climate warming policies should focus more on making those responsible for carbon emissions pay more for remedial climate action.

The bottom 50% of population in Europe emits around five tonnes of carbon per person per year, with their counterpart emitting three tonnes in east Asia and 10 tonnes in north America.

But the top 10% in these regions account for 29 tonnes in Europe, 39 tonnes in Asia and 73 tonnes in North America.

Indeed, the top 1% in the United States account for 269 tonnes of carbon per person per year, compared with 139 tonnes for the top 1% in China.

The rich everywhere are the biggest carbon emitters.

This suggests that tackling climate change and social injustice are part of a total political package, cutting across nations.

It’s one thing to promise to cut carbon to net zero, it’s another to design the projects and programmes to deliver on their promises. Back home, each government will face huge resistance from vested interests that want to delay or just green-wash any action. In other words, talk more and do less.

The report has made some excellent suggestions to tackle inequality, such as progressive tax measures and a global asset register, that are bound to be controversial. But to be effective, they need global cooperation.

No single country can impose higher tax rates or tougher action without being undercut by another country.

Since everything is politics, I have to agree with inequality blogger Branko Milanovic that the recent Summit on Democracies is the wrong idea for the world, because it tried to divide the world into two opposing ideological camps.

The priority should be to work together globally to tackle climate and human inequalities that require domestic action against vested interests that are common across nations.

The next global summit should be about how to tackle inequalities.

Given such complex issues and facts raised by the Piketty and his colleagues, the least we can do is to have a democratic, transparent and constructive dialogue on how those who can afford and emit more carbon should pay more taxes to foster a more sustainable and inclusive world.

Andrew Sheng writes on global issues from an Asian perspective. The views expressed here are the writer’s own.

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Friday, December 17, 2021

Covid-19: Sinovac recipients, those above 60 must get booster shots by February or have their status changed to 'incomplete', says KJ

 

 

KUALA LUMPUR: If you don't get your Covid-19 booster shot by February next year, your vaccination status may be deemed "incomplete", says Khairy Jamaluddin.

The Health Minister said the groups affected by this are those who received the Sinovac vaccine, as well as anyone who is above 60 years old.

"If these groups of individuals still have not gotten their booster shots after February 2022, their vaccination status will be changed to 'incomplete'," he said in a statement on Wednesday (Dec 16).

He said those whose status has been changed to "incomplete" would not be able to enjoy the benefits of those who have been deemed to have completed their vaccinations.

He said individuals who must get their booster shots before the end of February next year are those who had taken the Sinovac vaccine.

He added that those above 60 years old, who had taken a vaccine irrespective of the type of vaccines, will also be required to take their booster shot.

Khairy said this was in line with a recommendation by the World Health Organisation's Group of Experts on Immunisation (SAGE) advice.

He noted that the Covid-19 Immunisation Task Force — Booster (CITF-B) had approved and adopted the recommendation on Dec 8.

At present, Khairy said that Comirnaty by Pfizer-BioNTech, CoronaVac by Sinovac and AstraZeneca have been approved for use for booster shots.

The Working Technical Committee, he added, had recommended that those above 18 should get their booster shots.

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No benefits without booster

 

Get your booster: Khairy speaking at a press conference in Parliament. With him is Health director-general Tan Sri Dr Noor Hisham. — Bernama

KUALA LUMPUR: The vaccination status of those required to get their Covid-19 booster shot will be deemed “incomplete” if they fail to get their shots by February next year, says Khairy Jamaluddin.

“If these group of individuals still have not got their booster shots after February 2022, their vaccination status will be changed to ‘incomplete’,” the Health Minister told a press conference in Parliament yesterday.

He said those whose status has been changed to “incomplete” would not be able to enjoy the benefits of those who are deemed to have completed their vaccination.

Sinovac vaccine recipients are among those who must get booster shots by the February deadline.

Meanwhile, those above 60 years old, irrespective of vaccines type, will also be required to get their booster shot.

Khairy said this was in line with recommendation by the World Health Organisation’s Strategic Advisory Group of Experts (SAGE).

He added that the Covid-19 Immunisation Booster Task Force had approved and adopted the recommendation on Dec 8.

At present, Khairy said that the vaccines by Pfizer-BioNTech, Sinovac and AstraZeneca have been approved for use as booster shots.

He added those above 18 should also get their booster shots.

Booster dosing started nationwide on Oct 13 for fully vaccinated individuals to ensure the immunity received after completing their doses can be maintained for an optimal period, especially against the Delta variant.

Last month, Khairy stressed that Malaysia could face a new wave of Covid-19 infections if the administration of booster doses was not accelerated.

In a tweet later yesterday, he said in line with the government’s effort to ramp up the booster shots vaccination drive, mega PPV (vaccination centres) will be reopened starting with the Klang Valley.

“All 60 and above or Sinovac recipients must get a booster latest by February 2022 to keep (their) fully vaccinated status.

“You will get your booster appointment on MySejahtera 180 days after the second dose (Pfizer or AstraZeneca) or 90 days after the second dose (Sinovac).

“You can also contact GPs near you at https://vaksincovid.protecthealth.com.my/find to register on the waiting list,” he said.
 

Thursday, December 16, 2021

Chinese nation's major achievements listed in global top 10 engineering feats

China's Five-hundred-meter Aperture Spherical Telescope (FAST) in Guizhou province, seen in this aerial photo in March 2019, began officially operating at the start of last year. (Photo by Yang Xiaobo/For China Daily


China has four major feats listed among this year's Global Top Ten Engineering Achievements, according to the journal Engineering, one of China's most prestigious scientific publications.

Experts said China will continue to be an active contributor to global engineering frontiers and make more breakthroughs in solving major engineering obstacles that are key for the sustainability and wellbeing of mankind.

The four projects spearheaded by Chinese engineers are the Five-hundred-meter Aperture Spherical Telescope, hybrid rice, the Three Gorges Hydroelectric Power Station and the ultra-high voltage transmission project.

The telescope, located in southwestern China, became operational last year and is currently the world's largest and most sensitive single dish radio telescope. The entire Three Gorges project was completed last year after more than two decades of construction. It is the world's largest multipurpose hydraulic complex.

The third generation of hybrid rice created by Chinese scientists set a new annual yield record of 22.9 metric tons per hectare last year. In 2019, China launched the world's first 1,100-kilovolt ultra-high voltage direct current transmission network, making efficient, large-scale allocation of electricity across China possible.

The other achievements included AlphaGo and AlphaFold, which are artificial intelligence programs designed for specific tasks such as playing chess and predicting protein structure, and the development and use of the CRISPR/Cas9 gene-editing technique.

Extreme ultraviolet lithography systems for high-end chipmaking, 5G mobile communication technology, NASA's InSight Mars Lander, public health epidemic prevention and the battle against COVID-19 also made the list.

The achievements on the list are major engineering projects or breakthroughs with global influence that have been completed in the past five years, the journal said. They represent the highest level of engineering science and technology in their respective fields.

The journal Engineering is a publication of the Chinese Academy of Engineering. The list's creation involved nominations and recommendations by engineers and technicians around the globe, numerous public surveys and final screening by the selection committee.

On Tuesday, the academy's Center for Strategic Studies and global analytical firm Clarivate published their Engineering Fronts 2021 report. The document, published annually since 2017, selected a total of 186 research and development frontier topics for nine broad engineering categories, ranging from agriculture to engineering management.

Zhong Zhihua, vice-president of the CAE, said engineering and technology is a major support for socioeconomic growth and mankind's pursuit of sustainable development.

"As our country enters a new developmental phase, we urgently need to accelerate our pace of innovation in engineering and technology and improve the quality of our innovation," he said, adding this will require scientific insight on new emerging engineering frontiers to guide future development.

Jeremy Lawson, senior vice-president of Clarivate, said all these fronts are essential to global social and economic development, and China is also at the forefront of many of these subjects.

Strategic collaboration with key global research organizations such as the CAE is central to advancing global scientific research and driving sustainable development, he added.

Yang Baofeng, an academician at the CAE, said the report tracks frontier engineering research that may yield new breakthroughs and innovations, and allow scientists, industries and policymakers to identify the latest engineering trends and adjust research and policy priorities accordingly.

Yang said this year's engineering frontiers had three main focuses: interdisciplinary research, the use of artificial intelligence in various engineering and industrial fields, and tackling major common issues such as the COVID-19 pandemic and climate change. 

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 China credited with 4 of top 10 global engineering feats

A panoramic view of the Five-hundred-meter Aperture Spherical radio Telescope (FAST) in Pingtang, Guizhou Province. It is nicknamed Tianyan, or the Eye of Heaven, by amateur astronomers.(Photo: China Daily)

 

China has four major engineering feats listed among this year's Global Top Ten Engineering Achievements, according to the journal Engineering, one of China's most prestigious scientific publications.

The four projects are the Five-hundred-meter Aperture Spherical Radio Telescope; hybrid rice; the Three Gorges Hydroelectric Power Station; and the ultrahigh voltage transmission project.

The other six engineering achievements on the list were realized by other countries: AlphaGo, a computer program that plays the board game Go; AlphaFold, an artificial intelligence program the predicts protein structure; the development and application of the CRISPR/Cas9 Gene editing technique; extreme ultraviolet lithography systems; 5G mobile communication technology; and public health epidemic prevention and control measures to combat COVID-19.

The achievements are major engineering projects or breakthroughs with global influence that have been completed in the past five years and have proved their worth, the journal said. They represent the highest level of engineering science and technology in their respective fields.

These achievements have integrated a wide range of technological systems and resources, made distinct contributions in the engineering principles of safety, precision and sustainability, and promoted industrial and socioeconomic growth for the betterment of humanity.

The journal Engineering is published by the Chinese Academy of Engineering. The list was created by a global panel of engineers and technicians. The process consisted of an international call for nominations and recommendations, public surveys and final screenings by a selection committee.

The journal plans to organize the selection of Global Top Ten Engineering Achievements annually and publish the list worldwide.

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