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Jan
26

Countering the political right in the USA and Europe

Post By gaia1 in European Union

Cas Mudde, an associate professor in the School of Public and International Affairs at the University of Georgia and a co-author of “Populism: A Very Short Introduction” wrote an  excellent opinion piece in the New York Times of January 26, 2017 about “the-radical-rights-united-front?” The article also made  referrence to a NY Times’ summary of the eight major political right parties in Europe, several of whom  have high hopes in their countries’ elections buoyed political rightist in the USA. The Western world is in throes of major confusion in these liminal times where old verities and institutions are fundamentally questioned and new ones have not yet emerged. The following proposal with some small modifications is boldly presented as a possible 21st century approach in the comment section of the Mudde Op-Ed piece.

 

These populist, anti-emigrant and nationalistic parties which also include the Trump party have to be shown up for their extreme and dangerous biases and, especially, be countered by a progressive vision of an equitable global governance system.

I propose that progressives in  the USA, Europe, Latin America, Asia and Africa push for greater monetary unification  besides the existing monetary unions such as the U.S. dollar, euro and other regional monetary unions in direct opposition to the right’s direction for national currencies and removing those regional unions. Thus, according the Alternative Party of Germany, the EU becomes “the subsidiary Europe of the free home countries.”

 

This proposed monetary unification can be conceived to take place when a monetary standard—not the gold standard—can be developed for the 21st century. Verhagen 2012 "The Tierra Solution: Resolving the climate crisis through monetary transformation" proposes the vision of an international monetary union by basing the present unjust, unsustainable and, therefore, unstable international monetary system on a carbon-reduction or decarbonization standard of a specific tonnage of CO2e per person. The conceptual, institutional, ethical and strategic dimensions of such carbon-based international monetary system are updated at www.timun.net. Climate expert Bill McKibben wrote about this proposal: “The further into the global warming area we go, the more physics and politics narrows our possible paths of action. Here’s a very cogent and well-argued account of one of the remaining possibilities.”  

 

Jan
24

Trump and trade

Post By gaia1 in American Monetary Matters

 The Trump Administration, for whatever clear and dark reasons, wants to shake things up including scrapping the PTT which took place on January 23 as fulfilling one of his ill-founded promises. This would isolate the USA and pursue an America First strategy which in this globalizing world will not work. The Jared Bernstein’s New York Times article  at https://www.nytimes.com/2017/01/24/opinion/ditching-tpp-wont-solve-the-trade-deficit.html and its comments shows where the present thinking is on trade, currency and export facilitation. I wrote the following comment on the article:

 If Mr. Trump really wants to be a transformative president who would take of Americans and other people he could at least pursue two interrelated policies. Replace the WTO with the UN Conference on Trade and Development and pursue an enlightened international monetary policy.

That monetary policy would consist of two radical steps: move the U.S. dollar as international transaction currency towards an enhanced SDRs which, through challenging international negotiations, can be replaced by becoming part of a carbon-based international monetary system with its monetary standard of a specific tonnage of CO2e per person. The conceptual, institutional, ethical and strategic dimensions of such carbon-based international monetary system are presented in Verhagen 2012 "The Tierra Solution: Resolving the climate crisis through monetary transformation" and updated at www.timun.net. Climate specialist Bill McKibben who will not be Trump’s best friend said about this system: The further into the global warming area we go, the more physics and politics narrows our possible paths of action. Here’s a very cogent and well-argued account of one of the remaining possibilities.” End of my NY Times comment

The Trump Administration with its many white billionaires are the least like persons to engage in such transformative thinking, let alone policy action. However, resistance is building fast and wide and the women’s marches in the USA and globally amounting to about 2 millions marchers is one evidence. Given the unrealistic economic and trade policies of the US, Americans and a great part of the world community will reap the sad fruits by another recession in the next couple of years. It is also possible that he and several of cabinet members may leave the scene before the end of his first term.