“For every dollar spent, how much good will be done in the world?” – Strategy followed by the globally respected Copenhagen Consensus Center
According to yesterday’s Wall Street Journal the highly respected international think tank, Copenhagen Consensus Center (CCC), offers a smart strategy to solve the world’s most difficult problems. Every four years it convenes a group of leading economists, including Nobel Laureates, to debate policies and rank them by their likely effectiveness. The basic criteria – for every dollar spent, how much good will be done in the world?
The group last met in 2012 and published a book with its recommendations called “How To Spend $75 Billion to Make the World a Better Place.”
The WSJ article’s author, Matt Ridley, who is also a member of the British House Of Lords, posits that the United Nations and other global leaders would be wise to follow a similar cost-benefit analysis.
But really, we would all be wise – and probably happier – if we exercised a similar strategy for our own expenditures too.
What’s the best way to spend $75 and make the world a better place?
Delightfully, the answer to that question is usually something that feels good too. Shop local and you make your hometown better. Purchase from a naional retailer who gives back – like Tom’s Shoes or Starbucks – and you enjoy great taste and a good conscience. Attend a fundraiser, enjoy fun with friends while raising money for a good cause. Buy fresh organic food and improve not only your nutrition, but also the environment too.
It’s heartening to know that great minds are making good global recommendation. But it’s even better to know that your daily choices can make a significant difference too.
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