Fri, Feb 10 2012

G20 will not help in the long term

Fri, Apr 03 2009 10:00 CET 898 Views
G20 will not help in the long term

To change the world for the better, one has to have a complete new mindset from that of today. What we are about now is fixing a defunct system that is inherently flawed.
Obama may be trying to do his best, but where a complete new foundation of finance and economics should have been laid. Indeed, without a new global structure the world is predestined to repeat what happened in the 1930s and what is happening in the current decade, but much quicker.

Unfortunately, because we have missed the bus again, and with ever dwindling natural resources (the economic fuel of the global economy), global financial and economic disasters will happen far more frequently. Indeed, the US’s most influential security think-tank the National Intelligence Council (NIC) said in their report, and for the "first" time ever, that nuclear weapons would most probably be used to defend borders to safeguard natural resources in the future. Therefore the world has to look forward to major conflict in this century and by adopting the same economic systems as before in general terms, this scenario is more-or-less guaranteed.

Unfortunately politicians cannot see the ramifications of the present global systems and their effect on peace and the long-term well-being of mankind.

Taking all of this into consideration means that Obama and all other present leaders will create little in terms of long-term global stability, other than fix the present "holes". Indeed, it will take a new form of politician to achieve anything like a peaceful future world order and one where economics are geared towards sustainability and not the sheer embellishment of the very few in vast wealth for themselves and only themselves.

This is where conflict and unimaginable harm to humankind takes over.

We can only hope, for the future of our children and grandchildren, that eventually politicians and even industrialists see the folly of our present and mend the economic and financial systems. For they, through their actions, are the ones who will, if they do not change their views of the world-at-large, increasingly dispatch humanity to extinction in this present century - the defining century of whether we shall live or die as a species.

Dr David Hill
World Innovation
Foundation Charity
Bern, Switzerland

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