Davos dribbles

What a world of blather, the Davos meet­ing must be. The cor­po­rate chat­ter­ing classes titi­lat­ing them­selves with scary, fuzzy, big-picture booga­loo. Clever talk and a few good din­ners mus­ing about issues they guess are com­plex, loom­ing, and some­one else’s prob­lem (tomor­row) must con­sole them for the rest of the year when they have to deal with prob­lems that are binary, here today and bet­ter be solved now.

At least, that’s the only expla­na­tion I can think of for the gloomy twad­dle that the Davos organ­i­sa­tion pro­mul­gates (in unread­able charts) about the global risk “cen­tres of grav­ity” that are bound to drag us into a hot, crowded, hate-filled future.

Dystopia, the oppo­site of a utopia, describes a place where life is full of hard­ship and devoid of hope. Analy­sis of link­ages across var­i­ous global risks reveals a con­stel­la­tion of fis­cal, demo­graphic and soci­etal risks sig­nalling a dystopian future for much of humanity

Extract from Global Risks Report [Davos] 2012: The Seeds of Distopia

It must be a good screw, this high-toned scare mon­ger­ing. From Erlich’s pop­u­la­tion bomb, to the Club of Rome, to the UNEP Rio Report and the IPCC’s scan­dalous cli­mate scares, the same steamy entrails seem to be served up every few years to the alarm­ing trum­pets of another ide­o­log­i­cal priest­hood dom­i­nated, typ­i­cal­ity, by rent-seekers and grant-hungry aca­d­e­mics. It’s as if the prob­lems of scarcity, allo­ca­tion, con­sump­tion and invest­ment were not age-old and eter­nal but some­how sur­pris­ing new crises chal­leng­ing the fab­ric of our soci­eties in ways never before con­ceived. As if the almost expo­nen­tial growth in global pros­per­ity of the past three hun­dred years were bound, ineluctably, to come crash­ing and burn­ing to a calami­tous halt just in our life­time (if not sooner) despite all of the evi­dence to the contrary.

DavosRiskMatrix

Take, for exam­ple, the high­est impact and most likely risk “cen­tre of grav­ity” that the Davos report dis­cerns — by sur­vey­ing just 470 peo­ple among whom aca­d­e­mics (30%), NGOs (17%) and Inter­na­tional Orga­ni­za­tions (9%) fig­ured promi­nently (sur­prise, sur­prise!) —a “Water Sup­ply Cri­sis.” A quick check on Google Scholar reveals that the prob­lem of the alleged global short­age of fresh water has been chest­nut since the late 1960s; that is, for fifty years or so the prob­lem of poten­tial excess demand has been dis­cussed by aca­d­e­mics and pol­icy mak­ers with­out, how­ever, much evi­dence that a global “cri­sis” point has been reached or is even imminent.

On the con­trary, the evi­dence is that the known, avail­able, recov­er­able sup­ply of fresh water exceeds human demand (6.9 bn peo­ple) by a fac­tor of 10 (see this help­ful sum­mary by geo­sci­en­tists: Oelk­ers, E.H., J.G. Her­ing, and C. Zhu. “Water: Is There a Global Cri­sis?.” Ele­ments 7, no. 3 (2011): 157). There are, cer­tainly, seri­ous pol­icy chal­lenges in mobil­is­ing, allo­cat­ing and dis­trib­ut­ing exist­ing fresh water resources, espe­cially for agri­cul­tural use (drink­ing water is a tiny frac­tion of total fresh water use). Excess demand for fresh water in some loca­tions is chronic and abuse is grow­ing: see the graphic illus­tra­tion in the Oelk­ers et. al. paper of the shrink­ing of Lake Chad. But the prob­lem is not about sup­ply; it’s about demand, or to be more pre­cise, about water pro­duc­tiv­ity espe­cially in agri­cul­tural use. Water is a renew­able resource that demands urgent improve­ments in pric­ing and man­age­ment, espe­cially, in most places, to increase the price to farm­ers to some­thing more in pro­por­tion with con­sumer prices. But there is no global fresh water sup­ply crisis.

Wouldn’t it be refresh­ing if, instead of ped­alling this alarmist fluff based on an index of fear, the Davos organ­i­sa­tion could treat the evi­dence of prob­lems more seri­ously and focus on plau­si­ble solutions.



A bearish view of global governance

If there were a rat­ings agency for the cred­i­bil­ity of “global gov­er­nance” insti­tu­tions, the WTO’s would have been down­graded to a “B” at best[1] after the col­lapse of the Doha Round nego­ti­a­tions. The triple crown of benign global gov­er­nance — a pros­per­ous, well-regulated global “com­mons,” the sov­er­eignty of nation-states and the assent of the gov­erned


A miracle on Lake Léman?

Geoff Kit­ney in today’s AFR wants you to believe Mark Emer­son has “res­cued the Doha round of trade nego­ti­a­tions from col­lapse” by con­vinc­ing all other Mem­bers to adopt his/Julia’s plan to “keep the talks alive”. Con­trast that breath­less dis­patch with this from Reuters: “WTO Meet­ing Ends with No Move For­ward on Doha”. Or how about this


WTO Whimpers

This weekend’s WTO Min­is­te­r­ial meet­ing in Geneva was unable to agree on how to keep goods and ser­vices mar­kets open to trade and com­pe­ti­tion. That’s no sur­prise, after ten years of repeated fail­ure to agree. Nor is it a cat­a­stro­phe given that for­mal bar­ri­ers are being held in check (more or less), for now, despite


The mildness of global warming

I don’t doubt any more than you do that the aver­age atmos­pheric tem­per­a­ture has jumped around a lot but over­all has risen a few tenths of a degree in the past cen­tury or so. But when you see the change in con­text there’s just no basis for alarm, or for Aus­tralia to endorse the IPCC’s


Irresitsible engines

Glen Steven’s ques­tions, in his inau­gural War­ren Hogan lec­ture, about the expec­ta­tion of emerg­ing Asia — that they will assume a promi­nent role shap­ing and direct­ing the global finan­cial sys­tem — and about the readi­ness of the West to cede that role to them have been tested in the WTO. So far, they remain unan­swered there…


The unanswered question about 9–11

Robert Fisk is such a reward­ing his­to­rian of inter­na­tional pol­icy because his con­tacts are so broad and his expe­ri­ence is so long and because he writes so clearly, pas­sion­ately and thought­fully about the per­sis­tent fail­ures of West­ern policy—and humanity—in the Mid­dle East. There, the UK, France and the United States directly or through their occa­sional