The global problems we face require global solutions. At the end of World War II, American and European visionaries built a new international economic order and formed the International Monetary Fund, the World Bank and a world trade body. They acted because they knew that peace and prosperity were indivisible. They knew that for prosperity to be sustained, it had to be shared. Such was the impact of what they did for their day and age that Secretary of State Dean Acheson spoke of being "present at the creation."
Today, the same sort of visionary internationalism is needed to resolve the crises and challenges of a different age. And the greatest of global challenges demands of us the boldest of global cooperation.
The old postwar international financial institutions are out of date. They have to be rebuilt for a wholly new era in which there is global, not national, competition and open, not closed, economies. International flows of capital are so big they can overwhelm individual governments. And trust, the most precious asset of all, has been eroded.
Gordon Brown talks of reforming the Bretton Wood institutions.
This is also one of the themes of the latest policy supplement to the It's Simpol ! newsletter, now available on Simpol's website, which includes a reprint of an article by Susan George on the International Clearing Union, one of the policy suggestions that gained good support in the 2007 annual round of voting. Susan George told me that she sees this as one of the possibilities that should be considered for the Simultaneous Policy.
The policy supplement can be downloaded by clicking:
You can vote for in support of the International Clearing Union in the 2008 vote. Policies gaining more than 50% support remain in the process. Those with top votes are given greater space in the newsletter and at public meetings.
Also take a look at other policy suggestions and please give my proposal for a World Transnational Corporation Regulatory Authority an 'A'. If you don't want to give it an 'A', please let me know why. For more on that and information on the voting process, see:
Gordon Brown concludes: "There are no Britain-only or Europe-only or America-only solutions to today's problems. We are all in this together, and we can only resolve this crisis together. Over the past week, we have shown that with political will it is possible to agree on a global multibillion-dollar package to recapitalize our banks across many continents. In the next few weeks, we need to show the same resolve and spirit of cooperation to create the rules for our new global economy."
And not just the global economy. The Simultaneous Policy seeks to be a coherent set of policies to address global problems. As I've noted previously a piece-meal approach to addressing problems, means perceived solutions in one area may exacerbate problems in another. But once you start to look for cross-cutting solutions the possibilities for synchronicity abound.
And not just Europe and America. People from every continent can sign up as Simultaneous Policy Adopters and have their say and their vote.