ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Politics and Social Issues»
  • Economy & Government

In Search of a New World Order

Updated on May 15, 2018
We cannot wait to address our situation without a new vision of the world. We cannot use the same economic models that caused our crises. We definitely need to rethink the problem.
We cannot wait to address our situation without a new vision of the world. We cannot use the same economic models that caused our crises. We definitely need to rethink the problem.

In search of A New world order Tower of Babe

The period called "The golden years" was between 1950 and 1973. It was a rapid growth in the economy of the United States of America for more than two decades. The same happened with the economies of Europe and Japan, which also enjoyed very high growth rates.

The advanced countries of the world fostered a commodity boom that would benefit countries rich in natural resources, such as those rich in oil in the Middle East, as well as the industrialized nations of East Asia, namely Singapore, Thailand, China, etc.

The famous Bretton Woods conference, where rules were established for commercial and financial relations between the most industrialized countries of the world, was held in New Hampshire, in July 1944, attended by representatives of 44 countries with the objective and result of designing a monetary and financial system for the post-World War II era. "Bretton Woods", with the "Marshall Plan", became a metaphor of great international success, in this case the result of a conference. Since then many suggestions have been made for a "new Bretton Woods", one of them in the year 2011 by, at that time, President Nikolas Sarkozy of France, to restore or at least improve the international monetary system. "Europe wants it. Europe demands it. Europe will get it”. It was part of his statement.

I cannot even imagine the difficulties it would take to restore a well-functioning monetary system based on rules. I mean it has to be easy to say what is wrong, but to reach an agreement of sensible reforms, it must be difficult.

The financial crisis of 2008 generated pleas, let alone suggestions, to create a global financial system to reduce trade imbalances, moderate speculative capital flows and avoid systemic risk (domino effect). That, of course, was the goal of the original Bretton Woods system. But such a system today would be unsustainable and undesirable. So, what would an alternative be like?

The currency exchange is really necessary. In the first place, it contributes to the development of international trade, improves international labor standards and the effective use of the possessed savings, and at the same time it provides benefits to the entire world community.

So what are we going to do to make this work better? This is the only question worth asking. But the answers seem elusive. We are facing a multifaceted crisis; the takeover of governments by billionaires and their groups of lobbying, extreme inequality, the emergence of demagogues, leaders with little vision, those in whom we seek leadership appear dazed, without voice, without idea. Even if they had the courage to act, they have no idea what to do. The only thing they offer is more economic growth: like this would mean making the economy misfortunes disappear. It does not matter that the ecological destruction increases; that it has not managed to alleviate structural unemployment or the growing inequality gap; that, for many years, almost all the increase in income has been reaped by the top 1%. As values, principles and moral purposes are lost, the promise of economic growth is all that remains.

We cannot wait to address our situation without a new vision of the world. We cannot use the same economic models that caused our crises. We definitely need to rethink the problem.

Let's go to fundamentals, according to my knowledge, the economic growth, only measures the annual flow, not the stock of wealth nor its distribution.

The economy is a universal science, it is not a normative or moralistic science where it judges what is good and what is bad, its objective of study are the actions of human beings, therefore, it is something that is constantly changing . The economy studies the needs of: individual, home, business, government, country and the world. It is managing the house, say the Greeks.

The objective of the economic activity, should be, to satisfy the needs of all within the means of the planet. Instead of economies that need to grow, make us prosper or not, we need economies that make us prosper, whether they grow or not. This means changing our idea of ​​what economy is and how it works.

Ah, the golden years! If it happened once, why not another? Only this time without having to dismember the planet.

As for our friend Nikolas, he should have devoted himself to the legal profession only.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)