A POSTCAPITALIST PARADIGM: THE COMMON GOOD OF ...

International Level
A new, just economic order is established. The transfers from South to
North are reversed.
� Protectionism: trade barriers for all the countries of the North are prohibited;
countries of the South can protect their economies until they
reach a certain level of development (e.g. measured by GDP per capita).
� Fair prices: prices of commodities are raised to a level comparable
with that of other products. Mechanisms are being developed to prevent
excessive price volatility: futures contracts, creation of reserves, compensatory
finance when there is a sudden price drop. This is combined
with a system of preferential tariffs for the poorest countries.
� Technological assistance: there is an international institution that provides
technological and scientific assistance to the third world countries.
� Intellectual property: the abolition of intellectual property.
� International institutions: WTO, IMF and World Bank should be replaced
by institutions that are suitable for the listed targets.
� Capital flows: Financial flows are strictly regulated, capital flight is impossible.
Speculation is made virtually impossible, for example through a
variant of the Tobin tax. Tax havens are abolished.
� Development Aid and Compensation: a UN institution will calculate
how much every ex-colonial power has to pay back yearly to his excolonies
for the damage caused. Ditto for the damage done due to imperialist
wars. In anticipation of this arrangement these countries spend
1% of their GDP to development aid.
� Economic Integration: the pursuit of economic cooperation and integration
between countries of the South.
National level
The economy is oriented towards social and sustainable development.
This requires first of all a planning of the whole, not in all its details, but
enough to realise the desired objectives. Second, it is necessary that
the grip of the domestic and foreign big business (large estate, management,
bankers) on the macro-economy is broken.
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