How Billionaires Can Fund Moonshot Efforts to Save the World


Essay by Ivan Amato: “For the past year, since the 50th anniversary of the original moon landing and amid the harsh entrance and unfolding of a pandemic that has affected the entire globe’s citizenry, I have been running a philanthropy-supported publishing experiment on Medium.com titled the Moonshot CatalogThe goal has been to inspire the nation’s more than 2,000 ultrawealthy households to mobilize a smidgeon more — even 1 percent more — of their collective wealth to help solve big problems that threaten our future.

A single percent may seem a small fraction to devote. But when you consider that the richest families have amassed a net worth of more than $4 trillion, that 1 percent tops $40 billion — enough to make a real difference in any number of ways. This truth only magnifies now as we approach a more honest reality-based acknowledgment of the systemic racial and social inequities and injustices that have shunted so much wealth, privilege, and security into such a rarefied micropercentage of the world’s 7.8 billion people.

Such was the simple conceit underlying the Moonshot Catalog, which just came to a close: The deepest pocketed among us would up their philanthropy game if they were more aware of hugely consequential projects they could help usher to the finish line by donating a tad more of the wealth they control….

The first moonshot articles had titles including “Feeding 2050’s Ten Billion People,” “Taming the Diseases of Aging,” and the now tragically premonitional “Ending Pandemic Disease.” Subsequent articles featured achievable solutions for our carbon-emission crisis, including ones replacing current cement and cooling technologies, underappreciated perpetrators of climate change that are responsible for some 16 percent of the world’s carbon emissions; next-generation battery technology, without which much of the potential benefit of renewable energy will remain untapped; advanced nuclear-power plants safe enough to help enable a carbon-neutral economy; and hastening the arrival of fusion energy….

Common to these projects, and others such as the UN’s Sustainability Development Goals, is the huge and difficult commitment each one demands. Many require a unique, creative, and sustained synthesis of science, engineering, entrepreneurship, policy and financial support, and international cooperation.

But there is no magical thinking in the Catalog. The projects are demonstrably doable. What’s more, humanity already has successfully taken on comparably ambitious challenges. Think of the eradication of polio, the development of birth-control technologies, the mitigation of acid rain and the ozone hole, and the great, albeit imperfect, public-health win of municipal water treatment. Oh, and the 1969 moonshot….(More)”.