Economics for the 99% -
Global Democracy and
Global Prosperity


Two items on this page:  My October 2011 article "Economic Demands for the 99%" and a selection from my 2010 book  Triumph of Civilization.  Both concern transforming the global economy to the service of humankind.

Economic Demands for the 99%

Glen T. Martin

Banking cartels today control the economy of all nations and the world. Huge private banking consortiums fund the IMF and World Bank, dictating conditions for economic survival and "structural adjustment" to the majority of the world’s nations, who only survive through utter bondage to their profit-based exploitation system. Vast corporations with assets greater than many nation-states span the globe, dictating internal economic policy to the nations they have colonized. Hundreds of military bases and vast navel flotillas from imperial nations circle the globe, protecting this vast global system of poverty, exploitation, and death from any possible rebellion or independent initiatives within nations.

Occupy Wall Street, as a spontaneous national and worldwide movement representing the 99% who are economically disenfranchised by the 1% who control the world’s economic system, has not yet formulated any official set of demands. However, some themes have appeared indicating the kind of demands they have in mind. Raise taxes on the top 1%. Institute an effective capital gains tax. Close tax loopholes for multinational corporations that now pay little or no taxes. End foreign wars and bring those billions of dollars home to benefit the 99% who are only hurt by those wars. Create jobs, decent healthcare system, quality social services, and educational opportunities. Put Congress back in the democratic hands of the people, and curtail the influence of money and power over the political process within the U.S. In other words, restore the promise of democracy: establish a government truly of the people, for the people, and by the people. That is the very meaning of democracy – an economics on behalf of the 99%, not the 1%.

The deep irony of the Occupy Wall Street movement is that the majority of the protestors would no doubt substantially agree with each of the above paragraphs. However, these paragraphs contradict one another: they cannot both be true. If the 1% are controlling a global system of domination and exploitation, enforced by global imperial military might, then the demands listed in the second paragraph cannot happen, for there is no way that a protest movement within one nation can transform a global system that controls and transcends that nation. There is no way to establish democracy and economics on behalf of the 99% within the United States alone. The 1% who control the world also control the economics and military and political system of the United States. Attempts at reform within the U.S., if successful, will result in mere window dressing. Even if some economic gains are made internal to the U.S., the global system of exploitation and domination will remain, leaving the majority of the world’s citizens in a living hell of poverty and deprivation. Is this what we really want?

In today’s world of globalized economics, globalized military domination, and globalized communications, the only route to democracy on behalf of the 99% must be global democracy. Reform within one nation – even the most powerful – will not even begin to change the domination of the world system by the 1% who control some 40% of the world’s wealth. The only force on Earth that can control an economic system is government: good democratic government with checks and balances on behalf of the 99%. It is precisely this that has not been globalized. Global banking today operates far beyond the reach of any one nation-state, as do multi-national corporations.

Occupy Wall Street claims solidarity with the people of Earth but does not act significantly in terms of that solidarity. Instead of petitioning Wall Street (which has the power not to listen and does not care), we need to act with the people of Earth to take charge of our planet and create global democracy. We should not be mere petitioners to power. We are the vast majority and need to take charge for the sake of ourselves, our children, and the future of our precious planet.

Only global democratic government could have the power to control these planetary economic forces. The only possible, really practical, option for the Occupy Wall Street movement is to organize behind the Constitution for the Federation of Earth. The Constitution is a practical and brilliantly written document that has been available in completed form since 1991 and translated into 23 languages. Once ratified, the Earth Federation government, representing 99% of the people of Earth, could easily shape global economics for the benefit of the people of Earth. Without planetary democracy, our economic demands can never be successful.

The Constitution for the Federation of Earth (available many places on-line) establishes a planetary economic system that already meets every demand in the second paragraph of this article (and more). Only it meets these for every nation on Earth, not only for (per impossible) the U.S. The first and most fundamental step taken by the Constitution is to make Earth Federation banking public, with the power of the government to create debt-free, interest free money to promote the well-being of the people of Earth. Not only this, but the power of money and banking can then for the first time be used to solve the entire nexus of interrelated global crises that plague our planet.

Economics under the Earth Constitution establishes peace (no more need for a global military to protect a system of exploitation and domination). It protects and restores the environment (no more need for business to destroy the ecology of our planet in the pursuit of private profit). And it creates reasonable prosperity for all: Article 19 of the Constitution guarantees everyone the rights to a living wage, quality healthcare, clean water and sanitation, access to education, social security, a decent environment, and peace.

None of this is utopian in the least. What is utopian is the Occupy Wall Street illusion that somehow we can benefit the 99% within the U.S. while leaving out the 99% of the rest of humanity. What is utopian is the illusion that real economic change can happen within a country in the face of the global control of the world’s economy in the hands of private banking and corporations. Since 1958, the Earth Federation Movement and the World Constitution and Parliament Association (WCPA) have been combating these utopian illusions that real change can take place within nation-states while ignoring the global economic system that determines the deeper conditions behind the politics, economics, and military of every nation.

If Occupy Wall Street is really about the 99%, then it must be about all of humanity. We citizens of Earth must declare "This is enough!" We must not take the denigrating role of demanding concessions from the 1%. It is not their world; it is ours! We do not ask them for concessions, we take charge of our world, our planet, to make it a decent place for all humanity to live. Only ratifying the Constitution for the Federation of Earth can achieve this. Only by accomplishing this work of global democracy can the people empower and enforce their right to a life on this beautiful Earth. We do not ask concessions from the 1%. We take what is rightfully ours. Our planet belongs to all of us, not the 1%.

We take charge by nonviolently creating a global democracy, which is the only force on Earth capable of making these necessary changes. It is the only force on Earth capable of protecting the environment, ending militarism, establishing peace, guaranteeing human rights, and creating universal prosperity. The economic demands of the Occupy Wall Street movement are, at their deepest and most honest level, really demands for global democracy under the Earth Constitution.




Triumph of Civilization
Democracy, Nonviolence and the Piloting of Spaceship Earth


Sections 7.5 and 7.6
IED Press,    Copyright 2010

Glen T. Martin

7.5 Monetary Reform: Its Basic Agreement and Fatal Flaw

The global economic meltdown continuing into 2009 and beyond has led to a chorus of voices from economists and monetary theorists who believe that human welfare and the welfare of our planet should be the central premise of economics. We have seen that such a focus has been the central theme of democratic market socialism from its inception. Whether these thinkers use the forbidden "S-word," or speak in terms of some form of "cooperative capitalism," or of economics premised on the "public good" is irrelevant to their consensus. There are two central alternatives: either have money and the economy controlled by huge private financial monopolies structured around the accumulation of ever-greater private wealth for themselves (the present world-system) or place money, much production, and the economy democratically in the hands of the people through a socialized banking system.

Economist Michael Hudson describes the latter alternative in contradistinction to the bailout proposal currently being proffered by the Obama administration:

The alternative is a century and a half old, and emerged out of the ideals of the classical economic doctrines of Adam Smith, David Ricardo, John Stuart Mill, and the last great classical economist, Marx. Their common denominator was to view rent and interest as extractive, not productive. Classical political economy and its successor Progressive Era socialism sought to nationalize the land (or at least to fully tax its rent as the fiscal base). Governments were to create their own credit, not leave this function to wealthy elites via a bank monopoly on credit creation. So today’s neoliberalism paints a false picture of what the classical economists envisioned as free markets. They were markets free of economic rent and interest (and taxes to support an aristocracy or oligarchy). Socialism was to free economies from these overhead charges. Today’s Obama-Geithner rescue plan is just the reverse…. The Treasury is paying off the gamblers and billionaires by supporting the value of bank loans, investments and derivative gambles, leaving the Treasury in debt. (2009)

The issue is not the abolition of all private property. This idea functions as a red herring promoted by dominant elites to terrorize populations into not examining the present system carefully and honestly. The real issue involves the question as to whether the economic infrastructure that provides the means for all business and trade will be democratically owned by the people as a public utility to be used in the service of universal prosperity or whether it will be privately owned to be used in the service of private accumulation of wealth for the rich. The central issues are banking, money creation, and the structure of property laws in general.

This is as much an infrastructure question as are roads and streets. Government normally builds and maintains roads, streets, electrical systems, sewage systems, and other vital infrastructure because these make possible the free exchange of goods and services that constitute a healthy economy. You cannot have all streets and roads the private property of individuals or corporations to be used for private interests without throwing the society into chaos. But this is precisely what the dominant monopoly capitalist ethos advocates: the monetary system must be privately owned by giant financial interests and government must raise money through taxes on the people and debt enslavement of the public to these private interests.

Monetary theorist Stephen Zarlenga describes this alternative common sense basis for any genuine democracy:

Lack of money to pay for crucial programs is again not a fiscal but a monetary problem caused ultimately by the false idea that government must get money only by taxation or borrowing….

Behind these problems is the fact that the nation is controlled more from behind the scenes by financial institutions than by citizens through elections. When society loses control over its money system it loses whatever control it might have had over its own destiny. It can no longer set priorities and the policies for achieving them. It can’t solve problems, which then develop into crises and continually mount up….

This book has shown that it is historically self-evident that the best monetary systems have been controlled and monitored through law, by public authority. Leaving money power in private hands has invited, even assured, disastrous results. This is also consistent with the logic of money: since the money system is a creature of law, it rightfully belongs within government, just as the law courts do. (2002: 655-657)

The overwhelming agreement among economists and monetary theorists who are not indentured as propagandists for the monopoly capitalist system focuses on a socially-owned banking system. As Zarlenga points out, democracy is effectively gutted when private interests control its financial infrastructure for society loses control over its own destiny. As monetary theorist Ellen Hodgson Brown (2008) shows in detail, financial elites who control the money system use their control not to fund the productive economy but to maximize their wealth through the financial manipulation of markets and casino investments directed toward speculative windfalls. As Hudson says above, both classical economics and its successor progressive era socialism understood that "governments were to create their own credit, not leave this function to wealthy elites via a bank monopoly on credit creation."

Monetary theorist Richard C. Cook (2008) agrees. The ability of financial elites to speculate in the unproductive economy must be abolished by law and capital markets should be regulated to maximize the productive economy in which real goods and services are produced to serve human needs. All of these thinkers advocate the same basic principle. Money and its democratic creation and regulation should be treated as a "public utility," available to all citizens as part of their social heritage and human rights. Cook itemizes the key points:

● Private creation of credit for speculative purposes should be abolished, and capital markets should be regulated to assure fairness, openness, and freedom from predatory practices.

● Every national government should have the right to spend low cost credit directly into existence for public purposes—including infrastructure, environmental protection, education, and health care—without incurring new debt.

● The physical backing for every currency in existence should be the actual production of national economies.

● National governments should treat credit as a public utility — like clean air, water, or electricity — and should assure its availability to all citizens as their social heritage and as a basic human right. (Ibid.)

Economist J.W. Smith also agrees. The banking system must be "socially owned" and financial speculation by private financial interests must be abolished at the same time that public investment is made in the real productive economy that supplies goods and services to the people. "Due to a socially-owned banking system being more powerful than armies…." he writes, "that power is denied a private banking system because their property rights are designed for maximum rights to monopolists and minimum rights for all others" (2009: 169-170). Smith affirms that:

Monopolies claim a large share of the wealth produced, waste enormous amounts of resources, capital, and labor, restrict the efficiencies of an economy, claim unearned wealth, and all this doubles the cost of production…. In an efficient economy, with full and equal rights for all, there are no unearned values. Instead of financing unearned monopoly-created values, touchable and usable use values are financed, created, and bought and sold. Both planning and financial control are primarily regional and local. (Ibid. pp. 144-146)

Smith shows that the structure of property laws today actively prevents both social equality and a fully efficient economy. A socially owned banking system not only enables production of the general wealth that substantially eliminates poverty and creates universal prosperity, it democratizes society, placing the power back in the hands of the people’s democratically elected government rather than in the hands of financial elites to whom the government is debt ridden and beholden. The key to an economically transformed world order and democratically run community in the service of the common good is clear and simple. Banking must be a public utility in the service of the people and the community, and property laws must be modified so that people gain full rights to the fruits of their labor and creative ingenuity.

This fundamental agreement among monetary theorists is marred, however, by a fatal flaw in their thought: many of these theorists remain trapped within the conceptual straightjacket of the sovereign nation-state. They have liberated themselves from the concept of a privately owned monopoly banking system as well as the property laws supporting this system and have shown the path toward a real salvation for humanity from poverty, misery, disease, and war. However, they fail to realize that there can be no such salvation under the planetary war-system of sovereign nations each operating its own central bank on its own behalf. Cook (2008), for example, writes:

● Monetary systems should be controlled by sovereign national governments, not the central banks which mainly serve private finance. The main economic function of the monetary system should be to assure adequate purchasing power to consume an environmentally sustainable and optimal level of production whereby the basic needs of every person in the world community are satisfactorily met.

● Income security, including a basic income guarantee and a national dividend, should be a primary responsibility of national governments in the economic sphere. A right to adequate purchasing power should be part of every national constitution. (www.richardccook.com/articles/)

Cook’s excellent and sound monetary principles are undercut by his naïve assumption that each sovereign government of the 193 or so worldwide must have its locally controlled socially owned monetary system. His motivations are clearly in the right place, since socially owned monetary systems will create "an optimum level of production whereby the basic needs of every person in the world community are satisfactorily met." Yet one cannot liberate human beings through sound economic principles coupled with flawed political principles. We have seen the many ways in which the system of sovereign nation-states has devastated democracy, human rights, and peace for more than four centuries, existing, as they do, in a system that is intrinsically a war system.

Exceptions among these monetary thinkers are Ellen Hodgson Brown and J.W. Smith, both of whom acknowledge the need for a global monetary system under some form of an Earth Federation of nations, even though they both see this in the future and do not recognize its immediate necessity and viability. With regard to solutions to the world’s financial mess, Brown writes:

That sort of model has been proposed by an organization called the World Constitution and Parliament Association, which postulates an Earth Federation working for equal prosperity and well-being for all the Earth’s citizens. The global funding body would be authorized not only to advance credit to nations but to issue money directly, on the model of Lincoln’s Greenbacks and the IMF’s SDRs [special drawing rights]. These funds would then be disbursed as needed for the Common Wealth of Earth.

Some such radical overhaul might be possible in the future; but in the meantime, global trade is conducted in many competing currencies, which are vulnerable to speculative attack by pirates prowling in a sea of floating exchange rates. The risk needs to be eliminated. But how? (2007, p. 440)

Brown ignores that fact that the Earth Federation Movement has already designed a universal currency to replace the "many competing currencies" in their "sea of floating exchange rates." She ignores the fact that the founding of the Earth Community is not a "radical overhaul" of the present broken system (which cannot be repaired because it is based on false premises). Rather, the establishment of the Earth community actualizes the very heart of our civilizational project. Its founding on universal principles is the only possible way out of today’s mess.

Smith puts the matter as follows:

The once powerless are getting stronger and they recognize that the imperial centers are getting weaker. Their many alliances and federations are forming a power that will be difficult to challenge and they can serve notice to the historic imperial nations that the UN be restructured into a democratic and moral forum or they will form their own world governing body, effectively a federation of 80% of the world….

World federalist organizations have been working to have a constitution ready for that momentous day. The World Constitution and Parliament Association (WCPA), as does others, has one ready for revision and acceptance by just such an alliance of nations…. With a name picked and a constitution for that governing body in place, the first order of business should be on how best to move forward on world development and alleviation of both poverty and global warming. (2009: 155-156)

Smith sees more clearly that the immediate solution requires global transformation through a "world governing body," although he fails to recognize how unlikely it is that the flawed premises of the U.N. system can be "restructured" into such a body.

While Brown and Smith appear to be far ahead of Hudson, Zarlenga, and Cook in their recognition that a solution to the world’s immense economic inequality and instability will ultimately require an Earth Federation, neither of them sees clearly that a solution to today’s economic nightmare is effectively impossible without a real democratic world governing body under the Earth Constitution having genuine legal authority to operate the monetary and banking systems, reform property laws, alleviate poverty, deal with global warming, and end war and militarism forever. We have seen above some of the ways that all these problems are interconnected and interdependent within the modern world system. They cannot be solved piecemeal by changes within some of the 193 sovereign nations. An effective Earth Federation is a necessary condition for a decent world order.

7.6 Specific Economic Arrangements under the Earth Constitution

Human liberation requires spiritual awakening to compassion, effective development of our common communicative rationality, financial transformation to economic democracy, and political transformation to democratic world law. Ratification of the Earth Constitution can accomplish the third and fourth of these objectives, but it will also set the stage for the first two. In Chapter One we saw Erich Fromm point out that "a change in the human heart is possible only to the extent that drastic economic and social changes occur that give the human heart the chance for change and the courage and vision to achieve it" (1996: 10). Founding a truly democratic community on the Earth will provide the framework for humanity to ascend to planetary maturity, which includes development of communicative rationality with its concomitant sense of a planetary community, as well as spiritual awakening to agape and compassion.

By abolishing the present war system of the Earth and bringing the nations together to deal with terrorism, human rights, poverty, disease, education, resource depletion, population explosion, and global warming, the Earth Constitution creates a planetary community that is the only possible basis for a general ascent to planetary maturity. A fragmented humanity lacking effective political, social, and economic unity cannot serve as the ground for the widespread transformation of human consciousness. Both communicative rationality and compassion require system changes that both make possible and activate their general development.

Article 1 of the Earth Constitution specifies the "Broad Functions of the World Government." These six broad functions form the central responsibilities of the Earth Federation and are the central justification for its creation: (1) To prevent war and secure disarmament; (2) To protect universal human rights, including life, liberty, security, and democracy; (3) To obtain equitable economic and social development for all peoples on Earth; (4) To regulate world trade, communications, transportation, currency, standards, and use of resources; (5) To protect the global environment and the ecological fabric of life; and (6) To devise solutions to all problems beyond the capacity of national governments.

Each of these articles addresses a global crisis that is clearly "beyond the capacity of national governments": (1) the problem of global militarism and wars; (2) the problem of nearly universal human rights violations; (3) the problem of global poverty and misery; (4) the problem of inequitable trade, uses of resources, etc.; (5) the problem of a collapsing planetary ecosystem; and (6) the problem of no planetary authority capable of protecting the people of Earth and planning for the future.

The Earth Constitution creates a democratic world commonwealth directed to the common good of humanity and future generations. It is non-military by law (Article 2) and democratic at every level, leaving economic and political self-determination to the nations insofar as these conform to universal human rights and world law (Article 14). Hence, the three non-democratic sources of the deep violence of today’s world outlined above – sovereign nation-states, transnational corporations, and global banking cartels – are brought under the democratic control of the people of Earth through enforceable world law.

All nations joining the Earth Federation must demilitarize within a coordinated and carefully orchestrated procedure. Under Article 17, half of the immense wealth saved by this process is then used to fund the newly formed Earth Federation, the other half kept by the nations to empower sustainable development. All transnational corporations are refranchised in the service of human welfare by the World Parliament. And global banking is mundialized – socially owned by the people of Earth – to be administered through peoples’ banks in localities worldwide.

The Earth Federation now coordinates the international actions of demilitarized nation-states through world laws legislated by the World Parliament. Conflicts are settled through the world court system and violators are subject to arrest and prosecution by the World Attorneys General and the World Police. Similarly, transnational corporations are regulated through the democratic legislation of the World Parliament. Their expertise and organizational infrastructures can now be used to promote universal prosperity while protecting the environment.

Finally, the Earth Federation issues debt-free, interest-free money to promote the prosperity, free trade, and well-being of the people of Earth while protecting the planetary environment. Individuals, corporations, state and local governments may all take advantage of very low cost development loans and lines of credit that are not premised on exploitation of the debtors in the service of private profit. In addition, primary created (dept-free) money will be judiciously spent for global infrastructure needs by the World Parliament. Money and banking are now used in the service of the common good of the people of Earth and in protection of the "ecological fabric of life" on our planet. The rich can no longer exploit the poor through a system of loans and debt that has so far created such misery for the peoples and nations of Earth.

Three features of the corrupt oligarchy that now dominates the world economy are eliminated from the start. First, military Keynesianism (or militarism used to artificially pump up the economies of nations) is eliminated, since under Article 2 all militaries worldwide become illegal. Second, legal corporate personhood is abolished, which has turned the once beneficial corporations of the world into monstrous, immortal super-humans, who use their billions of dollars and super-human legal rights to dominate the economy of our planet. Third, the Constitution also removes the ability of these corporate entities to influence politics, judges, and government officials through massive campaign contributions or other forms of monetary influence. Hence, the key steps necessary to founding a truly democratic and prosperous world order take place with the ratification of the Constitution: the hold of the military oligarchies now dominating the planet is broken along with the hold of their associates, the banking, corporate, and massive financial oligarchies, and the monetary system of the world is placed in the service of the people of Earth. The founding of world democracy under the Earth Constitution accomplishes all this from the very beginning.

Article 4 of the Earth Constitution, entitled "Grant of Specific Powers to World Government," item number 17, reads: "Establish and operate world financial, banking, credit and insurance institutions designed to serve human needs; establish, issue and regulate world currency, credit and exchange." To do this effectively, Article 8 of the Constitution establishes the "World Financial Administration." Section G. 1. F. reads:

Pursuant to specific legislation enacted by the World Parliament, and in conjunction with the Planetary Banking System, to establish and implement the procedures of a Planetary Monetary and Credit System based upon useful productive capacity and performance, both in goods and services. Such a monetary and credit system shall be designed for use with the Planetary Banking System for the financing of the activities and projects of the World Government, and for all other financial purposes approved by the World Parliament, without requiring the payment of interest on bonds, investments or other claims of financial ownership or debt.

Our global monetary system today is 99% composed of privately created debt-money (Brown 2007). Because of this we live in a world of global scarcity and desperation requiring, as we have seen, massive military training for counter-insurgency warfare and massive military interventions by imperial nations designed to protect and promote the present world domination by a tiny corporate and financial elite. The Earth Constitution is explicit that money must be created by the Federation as debt-free money addressed to the common good and planetary prosperity.

Under the authority of Article 19 of the Earth Constitution, a Provisional World Parliament has begun operating since 1982. The most recent session of the Parliament took place in Nainital, India in July 2009. During its eleven sessions to date, the Provisional World Parliament has passed some 47 World Legislative Acts designed to implement and develop the infrastructure of the Earth Federation under both the spirit and letter of the Constitution for the Federation of Earth. These acts are not binding on the final world parliament once the Constitution is ratified. However, they serve to elaborate and elucidate the content and spirit of the Constitution, and they will likely serve as a compelling model for the final World Parliament.

These acts include the creation of a World Economic Development Organization (WLA 2), an Earth Financial Funding Corporation (WLA 7), a Provisional Office for World Revenue (WLA 17), a World Patents Act (WLA 21), a World Equity Act (WLA 22), a World Public Utilities Act (WLA 38), and an act for a World Guaranteed Annual Income (WLA 42). Together they are laying the economic foundations for a global market economy based on human rights, promotion of the common good, and a democratic world order that benefits everyone, not just the present 10 percent of humanity who today own 85 percent of all the global wealth (E. Brown 2007: 271).

As early as the first session of the Parliament in 1982, when WLA 2 was passed creating the World Economic Development Organization (WEDO), the Parliament saw through the deception of debt-based money creation. Among the means of funding for WEDO is the directive to develop the financing potential and procedures defined under Article 8, Section G, paragraphs (d), (e), (f) of Earth Constitution to base finance on people’s potential productive capacity in both goods and services, rather than on past savings.

From this principle of funding under the Earth Constitution, that is, the creation of debt-free fiat money and credit based on the potential of those funded to produce goods and services, follow all the other principles of the Provisional World Parliament that are building the infrastructure for an equitable and just world order. With government-issued debt-free money, the Earth Federation will hire tens of millions of unemployed people in the Third World to restore the environment, replant the forests of the Earth, and restore the degraded agricultural lands of the Earth. This massive effort is absolutely necessary if we are to deal effectively with global warming. Even though the Constitution gives Parliament the right to levy taxes, no such process is necessary within the sound monetary policy formulated by WEDO.

The Earth Federation will have a common currency valued the same everywhere, ending speculation in currencies and the domination of "hard" over "soft" currencies. It will institute the principle of "equal pay for equal work," ending the exporting of production to low-wage areas of the world in order to maximize the rate of exploitation and profit. It will encourage in numerous ways worker investment and cooperative management in the firms within which they often spend their working lives. It will distribute the work burden among the working population more equitably, and empower people at the grassroots level worldwide.

In short, it provides a genuinely "New Deal" for the people of Earth. The tens of millions hired to restore the environment will have money to exchange in their local economies. In conjunction with interest-free loans or grants for building infrastructure, sanitation systems, education, healthcare, and many private and public sustainable new enterprises, local economies will "take off" in that dynamic circulation of money within communities that economists speak of as economic health. Once the militarized nation-state is removed (today pouring one trillion U.S. dollars per year down the toilet of militarism) along with gigantic corporate and banking institutions dedicated to extracting private profit from localities into foreign banks of the rich, economic well-being will not be difficult to achieve.

The Constitution guarantees everyone on Earth a minimum wage entirely sufficient to live with dignity and freedom (under Article 13). It ensures sanitation systems, essential resources, and educational systems for everyone. It provides every person on Earth with free health care, free education, and ample insurance in case of accident or old age. Provisional world legislation enacted by the Provisional World Parliament under the authority of Article 19 of the Constitution provides every person over age 18 with a guaranteed annual income sufficient to eliminate extreme poverty and starvation from the Earth (WLA 42).

The world order can be fairly easily transformed into one of planetary peace with justice and prosperity. The present world-system of scarcity and domination is a result of the principle inherent in money created as public debt to private financial elites and on a global system of maximizing private profit at the expense of the common good of the people of Earth. Perhaps the most fundamental secret is in "democratic money": money issued debt-free in the name of the productive capacity of the citizens of Earth to produce goods and services.

But this global transformation cannot be accomplished without the ratification of the Earth Constitution and the basing of our world order on its fundamental principles of democratic market socialism and enforceable democratic world law. Socialism understands that individual freedom must be correlative with the common good of all within a community that recognizes the dignity of each person and promotes a reasonable equity and parity among all persons. We arrive once more at the central meanings of "planetary democracy" and the "triumph of civilization" for these concepts simply articulate our progressive civilizational understanding of who and what we are as human beings.

These principles cannot work, we have seen, unless we take this "all" seriously and universalize democracy to every person on Earth. This universalization process is the fundamental imperative of our time. Yet there is a concomitant aspect of our moral obligation today that requires us to abjure violence, war, and military service altogether. This aspect, too, shows the moral impossibility of sovereign nation-states and military service on their behalf. Let us now turn to an exposition of this related dimension of the fundamental moral imperative of our time.

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