The Forum > Article Comments > Global crisis, global reform > Comments
Global crisis, global reform : Comments
By Peter McMahon, published 24/9/2012The crisis is usually identified in terms of the failure of increasingly financially determined capitalism but also in relation to emerging environmental limits to growth.
- Pages:
-
- Page 1
- 2
- 3
- 4
- 5
-
- All
The Internet brings many possibilities, but as yet few solutions.
The poles melt before our eyes (we need only check the NASA website) but still we languish in mindless 'cancerous'consumption - over-use of fossil powered cars, jets, air conditioners and processed foods.
A few thoughts for structural changes:
World monetary system - a single world currency. Aim to eliminate trading and speculation in currencies. Can it be 'pegged' to gold? I don't think so. New structures are being invented in Europe as we write - perhaps it will start there. Printing money ('QE') to buy government and other dodgy bonds seems to be doomed to failure - doesn't stop debt expanding. It's more of the same thing that caused the problem - 'wealth' being created from nothing by speculation, wheeling and dealing. 'Blind Freddie' can see this but reserve bank boards (not elected by the people) go on imposing it on the population - result - 'stagflation' and continued government indebtedness.
In Aus - get rid of state and local governments and replace with Federal and Regional. State governments are a major cause of plundering resources in their desperate grab for royalties. Elections 5-6 yearly; 'mixed member proportional representation' voting.
How to get peoples' minds collectively engaged? The 'Perth Network City'forum where 1,000 people 'work shopped' pre-planned options at Fremantle Port about 10 years ago worked well. It had an outcome - a preferred model for development of a city. I think a coordinated series of such forums around the world, aiming to mend each of the 4 broken systems - democracy, fiscal/monetary system, environmental regulation and corporations would be a good start.