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Aug
24

Ryan's monetary policies and the Tierra Solution

Post By gaia1 in American Monetary Matters

RYAN’S MONETARY POLICIES AND THE TIERRA SOLUTION

Friday, August 24, 2012

Paul Krugman’s column in today’s New York Times entitled “Galt, Gold and God” is the inspiration for this blog post. He shows and other authors show the danger of Ryan’s monetary views and how they are based upon the extreme market fundamentalism and extreme individualism of Ayn Rand that has been rejuvenated by the Atlas Society. He would repeal the dual mandate of the Federal Reserve, i.e. inflation fighting and employment creation, in favor of inflation fighting only, leaving unemployed people who are considered “moochers” anyway, to fight for themselves. Furthermore, he would raise the interest rate in recessionary times in order to draw investors into the market, a position that runs counter to economic thinking and the historical evidence of the Hoover Administration during the Great Depression. He takes Fed Chairman Bernanke to task in his House Budget hearings spewing arrogantly his impossible ideas as if he is a genuine monetary policy wonk. He, together with other republican pundits, believes in hard currency rather the fiat money and in return to a gold standard or at least a commodity standard, so that the FED is unable to print money and engage in quantative easing. Together with Ron Paul and other libertarian politicians he would use its shrinked mandate to reduce government involvement in monetary matters.

The Tierra Solution also proposes a monetary standard, but not one based on gold or a set of commodities, but one that can be set according the requirements of the times. In these carbon-constrained times it would be a standard of a specific tonnage of CO2e per person. Unlike the libertarian position, the Tierra system is based upon an explicit value-based planning system of sustainability economics with a strong role of governmental engagement in these complicated times where the free market is not delivering the social, economic and ecological results for sustaining futures. Finally, unlike the dangerous Ryan system which is only domestically focused,  the Tierra system is globally focused where cooperation rather than competition between states is the preferred mode of co-existence.

 

Aug
22

Drought and the UN integrated climate polcies

Post By gaia1 in United Nations

August 22, 2012

On August 21 the UN News Service  under the heading “WITH DROUGHT INTENSIFYING WORLDWIDE, UN CALLS FOR INTEGRATED CLIMATE POLICIES declared that more “consolidated efforts to combat the threat of climate change and counter its ripple effects on global food security are needed”. In http://www.wmo.int/pages/mediacentre/press_releases/documents/954joint.doc the World Meteorological pointed to the “intensifying global drought and increasing temperatures worldwide”. Together with the Convention to Combat Desertification and other UN agencies it presented various ways for nations to coordinate their climate policies.

Though this need for coordinated action on the national level is very important, time has come to change the mindset of national climate policies into one that emphasizes a whole world mindset. National coordinated climate policies are to be integrated into global monetary, financial, economic and commercial systems to make them more effective.  Thus, integrating national climate policies into a carbon-based international monetary system, i.e. a monetary system with a specific tonnage of CO2e per person as a monetary standard, would these climate policies more effective.

Though droughts have plagued humankind all through its history, droughts and increasing temperatures due to the warming of the climate is something new and bodes ill for the future of people, species and planet. It is this novel combination of drought and heat requires new thinking. Having nations assisted by UN agencies to cope with this novel phenomenon of  heat droughts is insufficient and demands at least search for new global approaches such as presented in the proposed carbon-based international monetary system of the Tierra Solution.

 

Aug
03

The manana bankers and the TSN

Post By gaia1 in TFD system

THE MANANA BANKERS AND THE TIERRA SOLUTION

Friday, August 03, 2012

Today’s top editorial in the New York Times calls Mr. Draghi and Mr. Bernanke manana bankers because they fail to action in Europe and the USA letting the entire global economy “slow” in its already precarious condition.

Why are they not taking action?  Are they waiting for slower growth, higher unemployment and lower output before they are using their statutory powers to intervene? Those are possible minor reasons for their taking no action. One of the main reasons is the lack of political resolve on the part of the political establishment in both jurisdictions that would result in proper fiscal policies and necessary structural reform.

There is also another reason why both European and American manana bankers and their politicians are not taking the necessary monetary, fiscal and economic actions. They do not have an integrated view of the future expressed in a conceptual, institutional and strategic plan of an integrated global governance system. Such plan or approach would inspire them to look beyond their own regions’ problems and challenges and focus on global solutions because their problems and challenges are an integral part of the globalized world of today. Even if the manana bankers were to come up with some additional stimulus measures and improve their regions’ economies somewhat, such regional progress would often not redound into global wellbeing of all nations. It is only through the creation of global governance institutions that integrate the social, economic and ecological (particularly the climatological) dimensions of development and climate challenges that real progress and wellbeing can be accomplished for all. It is to accomplishment of that challenge that The Tierra Solution is offered as one of the presently very few integrated global governance proposals.

 

Aug
03

Connecting monetary justice with the global South's climate struggles

Post By gaia1 in Mobilization strategy and tactics

 

Connecting monetary justice with global South climate efforts.

On August 1 Pablo Solon, former UN Mission representative  of Bolivia and presently executive director at Focus on the Global South, summarized a longer statement into a Facebook post at http://www.facebook.com/groups/rioplustwenty/permalink/308996169197514 , calling for an open meeting on August 31 during the UNFCCC meeting in Bangkok

. The post states: Asia Social Movements call for an open meeting in Bangkok to strengthen the struggles, addressing Climate Change.

Humans and nature are under attack. The endless growth model has pushed the planet to its limits. Governments are making people pay for the excesses of banks and transnational corporations through more and more severe austerity measures. There are now 1 billion people living in hunger. There are now climate migrants and refugees. Already, we are witnessing a war over who controls the remaining resources on the planet – land, water, forests, and, biodiversity. As the earth becomes hotter and the system continues to implode, things will only get worse. We need to act and act swiftly if we are to avoid this impending disaster. We need regain our momentum and defeat the system by targeting the source. We need to unify our different struggles if we want to succeed in our fight for our future.

I responded on August 3: Unifying different struggles into a movement is essential in these carbon-constrained times that also labor under wide spread hunger and unemployment. What is a necessary, not sufficient condition is agreement on an organizing principle for integrated global governance. The recently published The Tierra Solution: Resolving the Climate Crisis through Monetary Transformation in its chapter six argues for monetary justice as such guiding principle. Its concept not only includes social, ecological, procedural and intergenerational justice, but the monetary justice of a carbon-based international monetary system. That Tierra system presents an integrated conceptual, institutional and strategic proposal based upon the transformation of the world’s most basic system that as glue binds together monetary, financial, economic and commercial systems and that as lubricant makes them operate smoothly.