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What would you say a human life is worth? According to the US government, for an American it’s about $7.2 million, compared with the global average of approximately $1.3 million. If you’re Swiss though, you’re worth a pretty penny at $9.4 million.
While these estimates might sound absurd, they're really important to understand: these kinds of figures and the models that produce them are a core part of how mainstream economics understands and shapes policy, and they have had a significant role in shaping our approach to the climate crisis. Indeed, as Adrienne and celebrated economist Ha-Joon Chang break down in today's episode, mainstream economics gets a lot wrong, and has proven strikingly ill-equipped for addressing a challenge like climate and ecological crisis, not least through its tendency to reduce complex decisions to abstracted cost-benefit analyses.
Ha-Joon Chang is an economist and Professor at SOAS University of London. Ha-Joon has been an advisor to several international organisations, and is the author of many books, most recently ‘Edible Economics’.
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If you listen to this podcast, chances are you’ve heard of the global target of “net zero emissions” by 2050. You’ve probably also heard about how off track we are from meeting it. But what if I told you we’re even more off track than you might think, because thanks to some effective lobbying, governments don’t have to count the emissions from their militaries, despite their being some of the world’s foremost consumers of fossil fuels. Like me, you might be wondering how that happened, and what special treatment for the military might mean for our ability to tackle climate and ecological crisis.
Here to answer these questions and many more is Khem Rogaly, Senior Researcher at Common Wealth, our partners in The Break Down. In today’s episode, we break down the complex, often hidden, but vitally important relationship between militaries and the climate crisis, from their long-standing role in upholding the fossil fuel economy to the enormous extent to which governments prioritise military spending over other urgent tasks — not least addressing a climate crisis that makes us all more insecure.
