The failure of world leaders to act on the critical issue of global warming is often blamed on economic considerations. But let's take a look at the economic reality. A new scientific report concludes that climate change is already costing the world $1.2 trillion a year. It's also killing at least 400,000 people every year.
We are sacrificing too much to a system driven by three fallacies: that well-being can only be measured in money, that distribution does not matter, and that the economy can grow forever. And like so many people today, I question whether our economic system is serving the goals that are important to society.