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Colored Salaries — Post Digital Currency
In the period between 2030 and 2033 you will receive this message on your phone and you have to be prepared for it (everyone must deposit all cash in banks to convert them into digital currency before the end of this year, all banknotes are canceled and inalienable after this date).
There will be strong opposition from different groups in society for boycotting this decision, and many theories will spread to explain the reasons and goals for this change, several groups will not deposit money as a form of objection, pressure, and reluctance. But at the end of the year, when the digital currency is activated as the only currency allowed, these people will realize that their money is worthless and will not be accepted commercially, they are bankrupt can’t buy anything. They will demand with panic to extend the deposit period for a few weeks to transfer their money to the digital currency … and that will be.
First stage: your salary is yours, and you are free to use it
This inevitable shift is the ultimate goal of most of the world’s governments to monitor and document all financial transactions in buying and selling and calculating fees, taxes or customs accurately without any evasion by citizens and companies. The real wealth of all of us will be known to the system and fully documented with all its flows. There is no place to deposit your money except in the digital system which is completely controlled by the government, the concept of cash will disappear… and now the new forbidden borders that you can’t cross shall be formed and you need to be prepared for it.
Gradually, after everyone entered this digital corridor, colored salaries will appear as a new concept, and the barter system will be revived as a spontaneous response.
Colored salaries as a guarantee for countries to stimulate and protect their local economy is to divide the net monthly and annual income of individuals and companies into categories (colors) that are pre-conditioned. The monthly salary will be divided into colors in varying proportions and each color can be used within a specific framework. The first color, and we will choose it here, WHITE, which is transcontinental, and includes all subsequent colors, and as a citizen you can buy (locally or internationally) goods and services in most countries of the world, and it will be the color of international trade and purchase via the Internet and global platforms. Followed by the BLUE color and it is that part of your income that you can only use locally within the borders of the country of income to support the local economy and this color will be a guarantor of cash flows within the country’s economy and its main driver. Next is the GREEN color, which is the part of your salary in which you can buy homemade products only within the borders of the country of income, and this color will be the first line of defense to protect national industry. BROWN color is a geographically defined color within the borders of the country to support a specific region and ensure the access of cash flows to it, for example the government specifies certain tourism, agricultural or rural pockets in brown color to compel all citizens to spend part of their income within it. YELLOW color is specified for a certain category of very small shops, groceries and restaurants with limited access and income within the borders of the country to ensure they stand up in front of the massive tides of malls, huge restaurant chains and international brands. The RED color is a temporary color that appears to support a specific sector or direct a specific policy for a specific period, for example allocating a portion of the companies income to adopt clean energy or allocating a portion of the income to local tourism in times of recession or low seasons.
Second stage: your salary is yours and you are free to use it … within pre-defined options by the government
The simplified explanation of the colored salaries is that your monthly salary is equivalent to 1,000 digital dollars, for example 300 dollars will be WHITE, you can buy anything in your country or from any country via the internet. 300 BLUE dollars you can buy any product or service within the borders of your country, 200 dollars are GREEN to buy homemade products only within the country, 100 dollars are BROWN to buy whatever your need from rural areas (you spend BROWN dollars with your family and friends during the weekends in the countryside). 100 YELLOW dollars you can buy whatever you like from the small grocery, shop or local restaurant in your neighborhood. And the red dollar will appear in certain seasons will remain to achieve certain policies.
Labor-Importing countries will maintain a large percentage of the labor monthly salaries, forcing it to be re-injected locally in a compulsory manner, which will make a significant decrease in the remittances to the labor-exporting countries.
Strict digital monitoring of monetary transactions within the country and across continents will pose a threat to income for some countries, organizations and groups black listed in the international community. The era of cash has ended, even at the level of a citizen who wish to support a particular association or organization and that will raise to the surface the oldest commercial system known to mankind … Barter
Adhere, or cash flow will be withheld at a click of a button
It will force everyone who wants to play out of tune encroaching upon the digital system to do so by bartering goods by goods and services by services, which will not be done easily. You need to own desirable commodities to trade with others, and the oil will not be among those commodities at that time having this acceleration towards renewable energy sources, advanced energy storage technology and electric vehicles. The supply and financing chain will be risky and will be limited only to goods and services that are allowed to be traded digitally to be bartered at the end of the chain. This will not be feasible in most cases, and the digital currency will indirectly put pressure to neutralize countries and organizations within the blacklists until they fade or accept the standards of the international community.
Despite the loss of absolute freedom to use your money, the concept of colored salaries will constitute the last opportunity for countries to support their economy and distribute the income of citizens and residents in ways that support the local industry and its development. The digital economy and digital globalization will crush everything small, countries need to protect resources and citizens by ensuring their access to financial transactions in one way (color) or another.
Final stage: your salary is yours and you are free to use it within pre-defined options by the government, when you adhere.
What is not manufactured and planted within the borders of your country may be difficult to buy in the future, this fear of the new reality which can be suddenly applied at a click of a button will require everyone to follow the international system and its laws and adhere to it literally as a prelude to a unified global system in which the borders that we know now will disappear to start a new type of virtual borders.
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A world without a course. Unsustainable development and global governance
The consequences of coronavirus pandemic go far beyond the traditional planning horizons for all, without exception, participants of global governance. The epidemic multiplying global and local “imperfections”. All the existing international scenarios were dissolved, not being able to be implemented in the visible future. The world will not be the same — we can hear from different sides. But do we need the same world? In the absence of cooperation and unilateral solutions?
Today we have an unbalanced international system. Global economy and policy are at a loss, and the contradictions between the highly interdependent world and the lack of proper interaction are becoming more apparent. In theory, “global governance” is a process of joint leadership for solving global problems, a “social contract” that unites national governments, multilateral international institutions and organizations, and civil society. Moreover, the decision implementation is carried out through a multilevel system of effective inter-governmental institutions in the framework of an open political dialogue.
In practice, characterising “global governance” today, we can use an expression of the American neo-realist Kenneth Neil Waltz: “The modern world operates on the principle of“ self-help international system ”. This thesis characterises how the actors of “global governance” realised the idea of a “global neighbourhood for peace and security” (formulated in the 1995 report “Our Global Neighbourhood” by the United Nations Commission on Global Governance) at the time of the pandemic civilisation crisis. So, today, “global governance” is rather a declaration of intent, but not a sustainable international system, which is necessary for global world today.
Governance through goals
The term “global governance” appeared in the focus of discussions due to the activities of the United Nations Commission on Global Governance (it was created with the aim of finding a solution to the global problems of mankind), which in 1995 prepared the report “Our Global Neighborhood”. In document, international experts proclaimed the era (post-bipolar), in which, after years of hostility and rivalry, an order will be established based on the cooperation, security and climate issu. In the report, the problem of “global governance” was directly related to the problem of the development of international institutions, and above all the United Nations.
In academic environment, the problem of “global governance” really usually comes down to the United Nations and its reform, which would allow combining elements of intergovernmental system with new network principles. However, at different times, the G7/8, the G20, the OECD, APEC, the WTO claimed the role of “global managers”. But it is difficult to say about all of this structures to be able to geve a solution to a global problem or systemic crisis.
For a long time, the principle that forms the basis of “global governance” was not clear, and the specific goals and objectives with which it could be associated were not identified.
In 2015, by resolution of the United Nations General Assembly, the document “Transforming our world: the 2030 Agenda for Sustainable Development” was adopted. At this moment, “global governance” had a goal — the transition to “sustainable development”, and the agenda until 2030 identified 17 goals, the implementation of which, as stated, will ensure the gradual development of civilization without destroying the environment. Thus, the United Nations proposed a new approach to “global governance”, the so-called “governance through goals”. While the past efforts of “global governance” were largely based on the top-down principle or situational approaches to regulation, a new type of “global governance” implies the existence of non-legally binding goals adopted by United Nations member states.
It is interesting that the proposed approach does not define any country as “developed” in terms of economic “sustainability” and turns all countries of the world into “developing countries”, which need to put forward plans to transform their societies into “sustainable” ones.
Nothing more, just economy
Behind the facade of the concept of “sustainable development” we can see a critical for many countries model of transition the global economy to “green” rails. The move towards a low-carbon future will hurt not only the energy exporting countries, but also those whose budgets and plans for the near future do not require investments in projects with a high technological component. It is worth to make clear that the main block of countries initiating the “green transition” are included in the 10 most energy-efficient countries in the world (based on the International Energy Efficiency Index). The first positions are occupied by the EU countries (Germany and Italy — 1st place, France — 3rd place), then — Japan, China, Canada and the USA. For them, the proposed measures immediately provide a competitive advantage. Russia in this rating is in 21 place out of 25 possible.
The European Green deal, for example, is the largest economic correction in the history of the European Union. The project involves reforms in all sectors so that by 2050 the European Union becomes fully carbon-neutral. The plans (already by 2021) include the principles of a closed-loop economy (proposed instead of a linear economic model) in free trade agreements, in bilateral, regional and multilateral documents and processes, as well as in the financing instruments of the EU foreign policy. Thus, the “clean economy” of the EU implies the introduction of standards that will become restrictive barriers for other countries.
China also uses low-carbon development as an opportunity to accelerate the modernization of its economy. In 2015, China announced the acceleration of the construction of an “ecological civilization.” The strategy involves transition from a material-intensive to a knowledge-based and high-tech economy based on the principles of energy efficiency, resource-saving technologies and non-waste production. Thus, China not only adopted the rules of the new game, but also has every chance of a strategic elevation in a new emerging reality.
The reality is that the principle of “sustainable development” was adopted not as a roadmap for collective action (although it could become one), but as a reason used by developed countries to provoke competition between economic systems and institutions, to solve domestic economic problems.
The countries that have used up their traditional industrial potential faced the question of developing trategy that would give them opportunity to reach a new level of development. Moreover, in our interdependent world, only a global, unifying goal (in this case, goals) could, on the one hand, lead all states to a common denominator (as it was supposed to unite), and on the other hand, create the necessary conditions for the implementation of such a transition.
Chance for development. But not for everybordy
The concept of “sustainable development” has become an ideal motive, incorporating goals that are critical for the development of the entire civilization, assuming global institutional transformations, as well as the formation of a special budget for the purpose of their successful implementation (Fund for the Sustainable Development Goals, Green Project Financing Fund).
So that, the main role in new game is played by countries (primarily the European Union, the USA and China), which not only realise the need for a transition to a new understanding of energy efficiency (as the only possible option for economic development at a new stage), but also have all the possibilities for this, having received at the same time at global level a “chance for development”. “Sustainable development” at the same time ceased to be an opportunity for an equal dialogue, defining a club of “selected countries”. And even more so, it could not become the goal for consolidating actors of “global governance” of polycentric international system.
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A world without a course. UNsustainable development and global governance was originally published in ILLUMINATION on Medium, where people are continuing the conversation by highlighting and responding to this story.
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