Today in Metro, David Suzuki and Dr. Faisal Moola explain why the money being handed out to failing companies should be put toward saving the planet instead.
Just think what you could do with $4.1 trillion!
That’s how much the U.S. and 17 Western European countries are spending to bail out financial institutions involved in an economic crisis that began in the U.S. and soon reverberated around the world. (The final amount will likely be a lot more. It’s difficult to fathom such a large number, but consider that one trillion seconds is about 32,000 years!) To top it off, most of the details are secret; we don’t really know what the money is being used for — although it probably hasn’t stopped your retirement savings funds from plummeting.
The effect on people in developing nations is even worse. Most of them didn’t have savings to begin with, and now the economic crisis, coupled with the effects of the climate crisis — including drought and food shortages — is causing more of our human family to suffer from extreme poverty and joblessness.
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