WSANDN Global Peace and Economic Growth Plan.

World Economy Nov 30, 2024 Add to Reading List

Introduction: A New Vision for Global Prosperity

The world is facing an unprecedented set of challenges: entrenched poverty, escalating inequality, environmental degradation, and geopolitical instability. These issues, combined with an economic system that prioritizes militarization over human welfare, have created an unsustainable and unjust global order. The time for a radical shift is now.

The World Subnationals and Nations (WSANDN) presents a comprehensive plan to transform the global economy. This plan will prioritize peace, human dignity, sustainability, and decentralized economic growth, addressing the root causes of conflict while fostering inclusive and prosperous development. Central to this vision is the creation of subnational economic models, the establishment of new financial institutions, and the reallocation of resources from war to peace.

1. Redirect War-Related Expenditures to Human Development

Currently, the global military-industrial complex consumes over $14 trillion annually, diverting critical resources away from addressing the systemic causes of conflict, such as poverty, inequality, and resource scarcity. The WSANDN calls for redirecting these resources to human development initiatives, focusing on:

Global Education: Building a global network of educational institutions focused on peace, sustainable development, and the skills required to thrive in a decentralized economy.
Healthcare and Public Health: Investing in global healthcare infrastructure to address health disparities, enhance disease prevention, and ensure equal access to life-saving medical resources.
Sustainable Infrastructure: Developing green infrastructure projects that promote renewable energy, clean water, and public transportation systems to drive long-term, environmentally conscious growth.
Social Welfare Systems: Establishing comprehensive welfare systems that address the root causes of poverty, including universal basic income, affordable housing, and food security programs.
Entrepreneurial/Private Sector Development: Encouraging the growth of the private sector, especially small businesses and social enterprises, which can create jobs and foster economic development at the local level.

By shifting war-related spending into these sectors, we can build a future where peace and human development take precedence over conflict and destruction.

2. Tackling the Artificial Environmental Crisis

The climate crisis is closely linked to irresponsible practices, including militarization, industrial greed, and harmful climate engineering. Wars and environmental manipulation have devastating and lasting effects on ecosystems and communities.

WSANDN calls for:

Accountability for Environmental Damage: Holding corporations, governments, and militarized industrial complexes responsible for their role in environmental destruction, including harmful climate engineering practices like geoengineering. Wars also contribute to environmental harm, contaminating land, air, and water, with lasting consequences.
Redirecting Resources to Solutions: Redirecting funds from military spending to address climate change by investing in renewable energy, sustainable agriculture, and disaster resilience programs, helping to mitigate the global environmental crisis.
Promoting Global Environmental Justice: Ensuring solutions are equitable, prioritizing vulnerable populations in the Global South, who are most impacted by environmental degradation and war-related destruction. Their needs must be at the forefront of environmental policy.
Investing in Innovation: Supporting sustainable technologies and business models, such as circular economies and green tech startups, to reduce environmental harm and restore ecosystems. These innovations should be scalable to ensure global sustainability.

Addressing the environmental crisis requires systemic change. We must create new financial models that support sustainability, accountability, and equitable resource distribution, while reducing reliance on destructive technologies and conflict.

3. Decentralized Economic Systems

A new economic model is needed—one that decentralizes power from global institutions and gives local communities and subnational entities greater control over their economic futures. Subnational financial institutions, including subnational capital markets, wealth funds, and sector-specific funds, will play a crucial role in this transformation. The key components of this decentralized financial system are:

Subnational Capital Markets

Subnational capital markets are a transformative way to provide financing for local economic development while reducing dependency on national and global financial markets. By establishing local financial systems, subnational governments and regional entities can raise capital, invest in infrastructure, and create jobs. Key features include:

Regional Bonds and Securities: Local governments and municipalities can issue bonds and securities that provide capital for infrastructure projects, such as schools, hospitals, public transportation systems, and energy initiatives.
Public-Private Investment Partnerships: Encourage investment from both private and public sectors in local projects. These partnerships can focus on sectors like renewable energy, education, and healthcare, fostering more resilient local economies.
Local Credit Markets: Develop local lending systems to finance small businesses, cooperatives, and entrepreneurs. By facilitating access to credit, subnational markets empower local entrepreneurs to invest in their communities and foster innovation.

Subnational Wealth Funds

Wealth funds at the subnational level provide a vehicle for long-term savings and investments that can support local economic development and community well-being. The creation of these funds will focus on:

Diversified Investment Portfolios: Subnational wealth funds will invest in a diverse array of assets, including sustainable industries, technology, infrastructure, and international development projects. These funds will generate returns that can be reinvested into local social welfare programs, education, and healthcare.
Intergenerational Equity: Wealth funds should be structured to ensure that resources are available for future generations. By managing these funds responsibly, subnational entities can create long-term stability and security for their populations.
Transparency and Accountability: Ensuring that wealth funds are managed transparently and equitably, with a focus on social impact rather than profit maximization.

Sector-Specific Funds

Sector-specific funds focus on the economic needs of particular industries or regions, creating targeted solutions to drive sustainable growth. These funds can be designed to invest in specific sectors such as:

Energy Funds: Financing energy sources like wind, nuclear solar, and hydropower, with a focus on building clean energy infrastructure in local communities and providing options to existing energy sources.
Social Impact Funds: Financing projects in education, healthcare, and poverty alleviation to ensure equitable access to essential services for marginalized populations.
Agriculture and Food Security Funds: Supporting sustainable agriculture and food security initiatives, including the development of local food systems and the promotion of climate-resilient farming practices.
Technology and Innovation Funds: Investing in local technology hubs and startups, particularly those focused on green tech, education, and social innovation.
Infrastructure Funds: Establishing infrastructure funds that prioritize sustainable urban and rural development. These funds would focus on financing large-scale infrastructure projects, such as public transportation, energy-efficient buildings, water systems, and roads. By investing in infrastructure that promotes sustainability, economic stability, and social equity, these funds help create a resilient economic foundation for local communities and regions.

By leveraging sector-specific funds, subnational entities can address unique challenges within their communities while fostering sustainable economic growth and reducing dependence on centralized financial institutions.

4. Asset and Capital Creation for Inclusive Growth

Building capital at the local and subnational levels is crucial for driving inclusive growth. WSANDN advocates for the creation of new assets and capital through the following initiatives:

Developing Community Capital Funds: Establish funds to support local entrepreneurship, social enterprises, and small businesses. These funds will provide capital for businesses focused on sustainable practices, social good, and local job creation.
Microfinance and Community Lending: Expand microfinance programs that provide small loans to entrepreneurs in underserved regions. This will help unlock the entrepreneurial potential of marginalized populations and create job opportunities in local communities.
Social Impact Investing: Create funding mechanisms that focus on investments that provide both financial returns and positive social outcomes. These investments will focus on education, healthcare, green infrastructure, and affordable housing.
Public-Private Investment Partnerships: Encourage collaboration between public and private entities to drive investment into local projects, particularly those focused on sustainable development, infrastructure, and job creation.
Blockchain for Inclusive Growth: Leverage blockchain technology to create transparent, decentralized financial systems that enhance asset creation, reduce transaction costs, and improve access to capital for underserved populations.

5. The Global Peace Agreement (GPA): A Comprehensive Framework for Global Transformation

The Global Peace Agreement (GPA), WSANDN’s flagship initiative, lays the foundation for a peaceful and prosperous future. It advocates for the following goals:

Redirecting War Expenditures: Redirecting the $14 trillion currently spent on military activities toward development, peacebuilding, and poverty alleviation programs.
Creating a Global Fund for Peace: Establish a multilateral fund to support global peacebuilding initiatives, conflict resolution, and human rights protections.
Inclusive Global Diplomacy: Promoting multilateral diplomatic efforts to prevent and resolve conflicts as well as to foster global cooperation, rather than pursuing militarized solutions.
Supporting Sustainable Development: Ensuring that development efforts prioritize sustainability, equity, and human dignity.

The GPA is not just an agreement; it’s a framework for rethinking the entire global economic system to create a future based on peace, prosperity, and shared resources.

6. Key Recommendations for Achieving a Decentralized Global Economy

To implement these transformational ideas, WSANDN recommends the following actions:

Redirect Resources from War to Development: Governments must commit to reallocating war spending toward social welfare initiatives that directly address the root causes of war, including poverty, inequity, and environmental degradation.
Support Subnational Economic Models: Encourage the establishment of subnational financial institutions, including local capital markets, wealth funds, and sector-specific funds, to promote decentralized economic growth and local empowerment.
Foster Transparency and Accountability: Ensure that financial institutions, including subnational wealth funds and capital markets, are managed transparently, prioritizing social impact and long-term sustainability.
Invest in New Human Dignifying Innovations: Invest in innovative technologies and business models that support human dignity, sustainable development, and inclusive economic growth, such as those that promote education, healthcare, clean energy, and social entrepreneurship.
Promote Global Cooperation, Not Conflict: Shift from militarized approaches to global cooperation through multilateral agreements like the GPA, which provide a roadmap for sustainable peace.

7. Conclusion: A Vision for a Peaceful and Prosperous Future

The current economic system is unsustainable, prioritizing militarization and exploitation over human dignity, equity, and sustainability. A reinvention of the global economy is urgently needed—one that empowers local communities, fosters decentralized growth, and addresses the root causes of conflict and environmental degradation.

WSANDN’s commitment to this transformative vision, under the leadership of Dr. Dominion V. Judah, will lead the way toward a new global order where peace, prosperity, and sustainability are the foundation of the global economy.

Now is the time to act. The world deserves no less.