Where the state fails, private capital succeeds – like a smiling, self-sufficient firefighter saving a cat that has been marooned in a tall tree by some feckless government bureaucrat.Īnd yet Bloomberg's ostensible do-goodery suggests an emerging future of billionaire versus billionaire, vying for the hearts and minds of the American people, and the fate of the planet itself. And, on paper, it seems to address the climate calamity Trump is inviting in ducking out of the Paris agreement. It's the sort of widely publicized, good Samaritan selflessness that wealthy benefactors such as Bloomberg excel at. Mega-billionaire and former mayor of New York Michael Bloomberg barely missed a beat, offering to personally foot the $15-million bill accounting for the U.S.'s financial commitment to United Nations Framework Convention on Climate Change. Basically the instant after Donald Trump issued his intent to backpedal out of the Paris climate accord, salvation emerged in the likeliest of places.
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