The biologist John Maynard Smith made this paradox precise in the 1970s as the twofold cost of sex. If sex is so wasteful, its persistence demands an equally large hidden benefit — and there are two leading candidates, probably both true at once.
The first is mutation management. Asexual lineages can only accumulate genetic damage; harmful mutations ratchet up irreversibly, a process called Muller's ratchet. Sex, by reshuffling genomes through recombination, can purge bad mutations and combine good ones far faster than mutation alone allows. The second is the Red Queen hypothesis: you must keep running to stay in place, because parasites are evolving in real time to crack whatever defence is currently common. A clone is a fixed target; a sexual population, generating rare new gene combinations every generation, is a moving one.
The classic field test sits in New Zealand lakes, where a tiny snail comes in both sexual and cloning forms and is hunted by a sterilising parasite. Curtis Lively found that sexual snails are most common precisely where infection runs highest — exactly the Red Queen's prediction. Sex, it seems, is the rent life pays to stay one step ahead of its enemies.