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Focusing on the U.S. Federal Reserve System (“the Fed”), the Article outlines a series of structural reforms that would radically redefine the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a
The clue to the source of the unusual inflation is that it is happening (over 5%) in a majority of advanced economies and emerging economies, all around the world. As the World Bank's Chief Economist notes "the most salient feature of today’s inflation is its ubiquity" (Reinhart and Graf Von Luckner, 2022). That implies a globally systemic cause.
- Definition
- Description
- Typologies of The Global Commons
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1. Wikipedia: "Global commons is that which no one person or state may own or control and which is central to life. A Global Common contains an infinite potential with regard to the understanding and advancement of the biology and society of all life. e.g. forests, oceans, land mass and cultural identity and hence requires absolute protection." (Wi...
Charlotte Hess: "Global commons are the oldest and most established “new commons”. There is alarge body of literature on the global commons and the foci are broad—from climatechange to international treaties to transboundary conflicts. For instance, a search on“global commons” in the Comprehensive Bibliography of the Commons (Hess 2007)results in 4...
From James Quilligan in People Sharing Resources" 1. Noosphere:indigenous culture and traditions, community support systems, social connectedness, voluntary associations, labor relations, women and children's rights, family life, health, education, redness, religions and ethnicity, racial values, silence, creative works, languages, stores of human ...
Revisiting the Global Commons: Towards a Planetary Commons
Louis Kotze et al. : Revisiting the Global Commons: "The idea of the commons (or commoning) responds to the concern that people who rationally pursue their self-interest are more likely not to work in favor of the common good if they believe that there are no, or little, restraints imposed on the exploitation and use of shared resources (56–61). To avoid a situation where the commons are depleted at the cost of its users and the resource itself, “collective action is needed to maintain the co...
On the contradictions in defining the Global Commons
Paul Hartzog writes: "My paperlogics its way to the conclusion that we cannot define global commons of things like "air"and "sea" without also acknowledging "land" whichdestroys the notion of the territorial sovereignty ofthe nation state. In other words, as long as thereare states, no acknowledgment of global commons can happen. I.e.: "The current international gathering of nation-states cannot afford to recognize the atmosphere and the oceans as global commons (using scientific criteria) be...
Successful Global Commons need Social Capital on a global scale
By Kaitlyn Rathwell: "We can start now building trust, reciprocity, shared and enforced rules and norms and social networks that can cross scales (e.g. local, regional, National, global) as necessary. Doing this could help maintain community cohesion and create transparency and accountability for managing shared resources. In an era of globalization, there are many resources that we share with the entire globe. For example, air quality and fish in the oceans. Increasing the scale of the commo...
proposals for Global Crypto-Based Commons, by NaoiseGiving away free money may sound too good to be true or wildly irresponsible, but it is exactly what the Fed and the BoE have been doing for bond traders and bankers since 2009. Directing QE to the general public would not only be much fairer but also more effective.
Our proposed solution is a Trust Banking System, under which the creation of money would be safeguarded by a transparent entity, the Monetary Commission. Although independent, it would be operated by the Federal Reserve Bank but owned by Treasury (which is equal to being owned by the citizens). In essence, the creation of money would be ...
From the publisher: "The End of Money and the Future of Civilization considers the money problem within the broad historical and political context that has made the control of money and banking the primary mechanism for concentrating power and wealth and the nullification of democratic governance. It provides the necessary understanding for ...
The Industrial Revolution, powered by oil and other fossil fuels, is spiraling into a dangerous endgame. The price of gas and food are climbing, unemployment remains high, the housing market has tanked, consumer and government debt is soaring, and the recovery is slowing. Facing the prospect of a second collapse of the global economy, humanity ...
