Life is a phase of matter in which the dynamics of information and Turing-complete computation overcome the ordinary dynamics of matter and energy. I am not aware of who originated this idea, but I heard it from Christoph Adami (a researcher in evolutionary information theory). I also recall someone at a conference proposing the term "Turium," for "Turing-complete phase of matter."
Earth just happens to have an environment that contains a large abundance of this phase of matter, much like how stars are full of plasma etc.