Long-term thinking is difficult for governments pre-occupied with re-election campaigns. But long-term thinking is vital, and why it is so important that we choose our political leaders wisely.
In essence, natural and social capital need to be taken into account.
This means a shift in taxes, from labour (with many people eager to work) to natural resources (increasingly scarce). You can use natural capital, but either you replenish, or you pay.
A simple example: a price on carbon. It would move markets faster than many other policies. Some are concerned this would raise the price too much for those with not much to spend, but this can easily be compensated.
This video by Ex’Tax summarizes this key policy shift. It makes so much sense.