Tucked away in this article there is more focus on UN Ambassador Kelly Craft shaming the UN Security Council for its focusing "on political grudges" rather than the subject matter of the Post-Covid19 Global Governance. More shocking than anything she could say is what the subject is actually about, who will have "governance", who will control the world. Well, at least economically and technologically, but none the less, this control will control everything.
Bretton Woods was an agreement reached in July, 1944 by 44 countries with the goal of creating a foreign exchange system, preventing currency devaluation, and promoting international economic growth. This was being discussed even before WWII was over! Out of this agreement two despot organizations were formed, the International Monetary Fund (IMF), and World Bank, both of which, it could be said, took control over the world economies, the IMF through "fostering global monetary cooperation, securing financial stability, facilitating international trade, promoting high employment and sustainable economic growth, and reducing poverty around the world while periodically depending on the World Bank for its resources." A large chunk of U.S. sovereignty just given away.
The Centre for International Governance Innovation posted an article, originally posted by Project Syndicate, A Post-COVID-19 Digital Bretton Woods, about this Post-Covid19 Global Governance, probably what the UN Security Council should have been discussing. What is written provides a pretty clear and easily understood picture of what global governance means. Because the article is so long, a summary of highlights are listed here but the time should be taken to read it in full. It is stated that, "The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors."
The Tax Gap
"...the bill for the pandemic will one day fall due, and governments will need to be far more certain than they are today that businesses and individuals will be able to pay their fair share of tax. This will occur in a global-governance environment that was already changing radically, owing to the impact of digital technologies."
"...our digital infrastructure is undergoing a sweeping transformation." "Questions about digital governance will be central to how we reconstruct our post-pandemic world." "Clearly, the status quo of an untaxed and largely unregulated platform economy is no longer tenable." "It is therefore time to imagine a new Bretton Woods for the post-pandemic digital era."
"But now what matters most are concentrations of data and computational capacity. The platform economy, artificial intelligence (AI), the surveillance state, and quantum computing all demand large-scale data sets, and all entrench centralized nodes of influence." "These new capacities are revolutionizing every economic sector that matters, from financial services, media, and public health, to transportation and agriculture." "Yet they are also concentrating decision-making and expanding the power of those who control the data." "...the current, haphazard approach to governing the digital economy has reinforced geopolitical divides. China, the United States, and the European Union each represent distinct systems with incompatible norms, regulatory regimes, values, and corporate and state interests." "Behind these rivalries (US, MX, EU, Canada) are concrete issues that demand global governance." "Other points of contention include the governance of...individual rights and collective protections, and...the need for appropriate regulation and adequate taxation."
Outdated and Defunct
"...our current global institutions were built for a different world. When the world’s leaders gathered at Bretton Woods, New Hampshire, in July 1944, they agreed on the design for a global institutional system to stop wars between countries and to regulate the functioning of the tangible economy. But that system was for a world of borders, industrial production, and the trade of commodities and manufactured goods. The digital world is none of those things. As we emerge from another period of global destabilization, we are similarly in need of a new governance framework." "The COVID-19 pandemic has shown why public authorities need to have access to accurate and timely data. Only then can they design interventions for the public good and prevent disinformation...". "Given the challenges posed by the new digital infrastructure, it is clear that our only option is to create new global governance institutions." "The international community should hold a conclave to articulate a vision, establish the “rules of the game...”.
What's the Program?
1. "need a universal declaration on AI"; "algorithms and AI can be universalized"; "create a global standard"; "A universal declaration on AI would act as a guide for national and sub-national legislation, as a framework for “naming and shaming” violations, and, ultimately, as a mechanism for applying penalties, following the example of the International Court of Justice." "...there are also analogous commitments to pursue universal health coverage..."
2. "...need a new forum for diplomatic and global coordination to overcome the geographic balkanization of data governance. The state-centric China zone and the firm-centric US zone are mirror images of each other: in neither case do individuals have sovereignty or control over their personal data."
It Must Be Global
3. "Because so much IP (Intellectual Property) is generated by multinationals, profits from technological advances will (correctly) accrue to those firms. Though the trend in recent years has been toward consumption-based taxation and away from corporate taxation, the nature of the digital economy suggests that this should be reversed." "We can no longer afford to permit clever arbitrage schemes to leave so much wealth untaxed."
4. "...need globally standardized definitions to measure all aspects of the digital and intangible economy." "...an international convention on statistics for the digital era would provide a similar global public good. It would also form the basis for good research, policymaking, and civic action."
5. "...the world needs a specific institution for policy and regulatory coordination." "...the Centre for International Governance Innovation has proposed a Digital Stability Board (DSB) to shape global standards, regulations, and policies across the platform economy." "...and develop regulatory and policy interventions to address them...ensure that its efforts complement the work of other institutions, such as the World Trade Organization." "...which could start by focusing on issues related to the health sector and health data."
"Digital platforms have been used to sow distrust and to organize extremist groups. Harmful speech is being both amplified and targeted at vulnerable and suggestible audiences. In the US, such tribalism seemed to lead Republican-leaning areas to discount early warnings of the pandemic, eschewing the necessary measures for limiting its spread. Seemingly cutting-edge algorithms have proven to be plagued by age-old racial, gender, and social biases." "Digital platforms are also fueling political polarization and a deterioration of public discourse. Illiberal and autocratic regimes have harnessed new technologies to undermine democratic institutions and elections, and to stifle speech and political activity." "These developments require unconventional approaches to governance. One silver lining of the pandemic is that it has created space for new ideas, with even longstanding champions of the status quo now advocating for hitherto radical policies such as universal basic income."
There you have it, a recommendation for another UN associated institution to make all the decisions, removing any scrap of individual freedom and thought. Does 1984 come to mind?
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