Wednesday, 8 October 2008


Here is a suggestion. We all know that we live in a global economy, a global village. However there is no global government. In fact, what is emerging from this current economic crisis is the exposure of how the global economy is actually structured. We are learning where vital resources are when they start collapsing e.g Iceland.

This global economy has evolved from competition but the nature of competition is that it can gives rise to co-operation as this often proves more efficient than conflict. So far, this fledgling global market place has been rather aggressive but we are now seeing the inherent side effects of conflict or in this case economic warfare. If elements of a global economy are in conflict than the result will be an unstable system. Eventually this will lead to system failure- or systemic failure.

What I am suggesting is that what we are experiencing now is global systemic failure. It is the result of many decades of economic conflict. To resolve the problems generated from this will take a developing of co-operation ideas. In order for this to succeed, there must be some form of global economic management team. It could be the beginnings of a global government. This government will need to regulate the economy in such a way that it is constructive in order to reverse the destructive cycle that it appears to be in at the moment.

In short what I am saying that the solution to this emerging problem, is multi-lateral management and the formulation of economic models which are constructive and sustainable. Features of this new approach could be the closing of inequality, greater regulation, a wider democratic decision making system, the regulation of greed, improved education, increase opportunity and the responsible management of natural resources and the environment.

That all sounds like political sound bites and bullshit. However to make this real will involve (among many other characteristics) the lowering of house prices, the regulation of credit, the lowering of commodity and good prices, the capping of personal earnings of powerful earners, the increase in wages of everyone else, effective education (i.e. teaching people how the world really works), more effective police enforcement, greater control of benefit fraud and a government system which incorporates current pressure groups as part of government itself e.g. the RSPB, Liberty, Greenpeace etc etc

However such a transition is unlikely to be without problems. The road to this transition, which when contemplated has to be inevitable because things have to be sustainable, may be very bumpy. At some points it could actually get dangerous.

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