What if hospitals only dealt with patients who made the most fuss. That's what it seems like we do with global resource allocation for global problems. Why don't we prioritize? What if we had an extra$ 50Bn to allocate. What would you spend it on?
We need rational basis on our spending.
The Copenhagen Consensus was a group of leading economists who got together to try to prioritize based on best information available.
What we would do:
1- Prevent HIV - $27Bn will save 29M lives
2- Micronutrients - $13Bn will help more than 1/2 the world
3- Free Trade - would create more than $2000Bn / yr
4- Treat Malaria - $12Bn could come back 10X or more
What we wouldn't do?
Kyoto (global warming) is not a good use of money
Focus on high benefit projects.
We now have the list. We have to get the rest of the world on board.