Global Common Wealth

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James Quilligan:

"A New Story of Global Common Wealth is emerging.

Imagine a world ... where businesses thrive. Governments evolve power upward to an international trusteeship for the commons, giving up a portion of their sovereignty through new global standards of cooperation, trust and shared values. Government authority also shifts downward to citizens and their commons organizations through social charters. Local commons trusts organize and affiliate with each other across the world, providing independent checks and balances on the power of global corporations, sovereign governments and multilateral institutions. Global co-governance creates the means for a systematic redistribution of global common goods. Cultural and social production preserves resources and generates new wealth, alongside — but independent of—the private production of wealth. A commons reserve currency available through co-credits enables humanity to base its economic transactions directly on the sustainability and resilience of the global commons. And world society creates a dynamic equilibrium between (private) property rights, (public) sovereign rights, and (commons) sustainability rights through a new multilateral system of co-governance and co-production, transcending the dichotomies of state capitalism and transforming life across the planet." (