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own protection against the predatory practices of multi-nationals.

The corollary to a single global currency should not be ignored: single global government. Hopeless idealists will claim that all the peoples of the world will naturally agree to live in peace and avoid taking advantage of each other. However, both ancient and recent history shows that consolidation of authority leads to abuses. The elites who are protected and helped by central authorities tend to look out for their own interests to the detriment of those whose interests are not so prominently defended. Even those with disproportionate advantages tend to think they deserve even more, as seen by the actions of the American neo-cons and the Israeli Zionists in recent years. They have attempted to undermine the authority and power of the UN, by criticizing it for its failings. Granted that some of the criticism of the UN is justified. However, much of it has been propaganda in order to justify ignoring rightful criticisms of the Zionists and neo-con actions against their opponents.

Thus, the issues involved in a single global currency or world government are common and intractable. It is unrealistic to expect that such developments could be successfully implemented by a single step. What is much more realistic is the idea that there could be additional economic communities created with common currencies, borders and fiscal policy coordination that would result in larger home markets with some level of protection from imports. That could allow for effective strategies for handling displaced and unemployed workers. Then, there might be careful negotiations among economic communities with the goal of freer markets as a secondary step. That could allow for the smaller and weaker economies to avoid being swollowed up in a global currency and losing their ability to speak effectively for their people. Otherwise, it should be apparent that a single step to a single currency, as with global government, would lead to incredible unrest and hardship.

Learn more about this author, Robert C. Sage.
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