Like what you've read?

On Line Opinion is the only Australian site where you get all sides of the story. We don't
charge, but we need your support. Here�s how you can help.

  • Advertise

    We have a monthly audience of 70,000 and advertising packages from $200 a month.

  • Volunteer

    We always need commissioning editors and sub-editors.

  • Contribute

    Got something to say? Submit an essay.


 The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
On Line Opinion logo ON LINE OPINION - Australia's e-journal of social and political debate

Subscribe!
Subscribe





On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. If you would like to help, contact us.
___________

Syndicate
RSS/XML


RSS 2.0

Nothing without Labour

By James Cumes - posted Tuesday, 4 October 2011


The basic model for stability and for moderation of the volatility that encourages speculation should be the domestic and global economic and financial system that characterised the quarter century in the highly developed countries from 1945 to 1970. This basic model will have to be modified for economic, financial, social, technical and scientific changes since but, among other things, it should restore the rights, privileges and status of the working and middle classes as well as modify the "sitting pretty" situation of the rich.

The broad objective should be to achieve peaceful change based on social and economic justice within a genuinely democratic system.

DIGG's report should recommend immediate measures to minimize distress while more basic reconstruction of domestic and global economies takes place. A process should be started to construct a new IMF and IBRD as well as new agencies for such key economic and social sectors as agriculture and trade. We must look towards a revolution in domestic and global policies which is likely to require the UN or other central multilateral authority to meet in continuous session to oversee the progress – or further deterioration – of the global economy.

Advertisement

This would herald a peaceful revolution. We need to embark on it urgently to avoid a monumental financial collapse. We need to embark on it also to avoid revolutionary violence on an unprecedented scale.

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. Page 5
  7. All


Discuss in our Forums

See what other readers are saying about this article!

Click here to read & post comments.

8 posts so far.

Share this:
reddit this reddit thisbookmark with del.icio.us Del.icio.usdigg thisseed newsvineSeed NewsvineStumbleUpon StumbleUponsubmit to propellerkwoff it

About the Author

James Cumes is a former Australian ambassador and author of America's Suicidal Statecraft: The Self-Destruction of a Superpower (2006).

Other articles by this Author

All articles by James Cumes

Creative Commons LicenseThis work is licensed under a Creative Commons License.

Photo of James Cumes
Article Tools
Comment 8 comments
Print Printable version
Subscribe Subscribe
Email Email a friend
Advertisement

About Us Search Discuss Feedback Legals Privacy