[Delton Chen]

Hello.

A complete answer to the question requires a review of the standard market theory, and for this reason it is difficult to get the attention of economists because the theory is disruptive. Monetary policies are historically implemented very quickly (i.e. because authority is decentralised), whereas carbon taxes, cap and trade, and regulations are very slow to implement because authority is centralised. This is explained in the three online presentations at http://www.global4c.org. The theory, called “Market Policy Dualism”, requires a move away from binary thinking: the duality of A or B. The new worldview is to adopt the dualism of A and B. The combination of A and B (i.e. penalties and rewards) will create a new dialectic for emergent system change (A and B leads to C).

The new political pathway is to find private investors to design-and-build the administrative system (the SEED) for the new world currency based on the scientific and ethical rules for transparency and issuing the new currency reward for mitigation. The new political roadmap circumvents the ‘body politic’, by issuing currency and developing the administrative system (the TREE) and presents the working trusted currency system to the United Nations for political leadership to negotiate. This is the manner by which Bretton Woods was arranged in 1944. A bull market in the new world currency (through central bank coordination) will be the new incentive for political leaders, bankers, and industrialists to support the final implementation of the policy (the WORLD TREE). The policy addresses the problem of dirty economic growth as an operational task, and is thermodynamically rational.

BACKGROUND

The Global 4C project has identified a major oversight in standard economics: this is the omission of the ‘Service Currency’ in the modern narrative on monetary systems, climate change finance, and sustainability. When the service currency is analysed in comparison to the carbon tax (a Pigovian tax), it is the ontological reflection (i.e. the complementary pair) in terms of socio-economic relationships. This statement about “complementary pairs” is the best way to quickly understand that a global service currency can invoke decentralised authority when it is issued in the economy. Taxes invoke centralised authority. The decentralised nature of the global service currency has all of the attributes required for regenerative economic activity.

Please refer to the website presentations.

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