Chapter 5: Globalization of Planned Economy
5.2. Global Planned Economy
In Part 1, we discussed the theoretical foundations of a new planned economy that places emphasis on environmental sustainability, that is, a sustainable planned economy. For the time being, the discussion there has assumed a planned economy at the level of a single country.
However, since environmental sustainability means, strictly speaking, the sustainability of the global environment - in other words, preserving the Earth so that it is not destroyed by human factors - a sustainable planned economy cannot be practiced in only one particular country.
In its ultimate form, a sustainable planned economy must be processed on a global scale. In this respect, it aims for a more thorough globalization than the "environmental policy theory" that trivializes environmental sustainability to a national policy issue, nor the recent trend of trying to coordinate specific environmental issues such as climate change and biodiversity through individual international treaties, with ratification or withdrawal left to the discretion of each country.
To achieve this, a world economic plan that will serve as a global standard for a sustainable planned economy is needed. This will be the overall framework (cap) for economic planning at the "national" level, which has been the premise of the discussion up to the previous chapter. In other words, planning at the "national" level will be positioned as an individual allocation (quota) based on the global economic plan.
Any "realist" will question such a grandiose concept, asking whether such a large-scale economic plan can be formulated effectively without dispute on the current Earth, which now has a population of several billion.
It is certainly a grand economic experiment that humanity has never experienced before. However, I believe that this can be achieved by abolishing the current system of sovereign states and creating the World Commonwealth to replace the current United Nations, which is merely a federation of sovereign states.
The World Commonwealth is a transnational political and economic organization composed of non-sovereign Zones instead of sovereign states. In this sense, the relationship between a sustainable planned economy and a political system is an important issue, which will be discussed in more detail in the next chapter.
👉The table of contents so far is here.
👉The papers published on this blog are meant to expand upon my On Communism.
