The Red Sky Paradox: Why do we orbit a star like the Sun instead of a red dwarf?

Here’s what seems like a weird question: Why do we orbit a star like the Sun instead of a red dwarf?

Think of it in a probability sense: Red dwarfs (called M dwarfs by astronomers) are far more common than stars like the Sun (G dwarfs; slightly hotter ones are called F and cooler ones K), and also “live” much longer (they can remain stably fusing hydrogen into helium in their cores for hundreds of billions of years, and some longer), so it’s a reasonable assumption that by far most habitable pl...