Going beyond the problematic gold standard, such a fixed global standard could be based on the average global cost of producing a kilowatt-hour, while adjusting currency exchange rates for trade among countries so that they take into account the lowest market labor rates in each country. This would create a more level playing field in tradable goods and services and stem the exploitative outsourcing of jobs to low-wage-paying countries and reduce pressures for protectionist trade policies that hurt all consumers.
* Expand Global Markets for Commercial Uses of Advanced U.S. Technologies
We will promote truly open global markets to enable America to sell advanced technologies and high-tech services that enhance civilized life for all, particularly for sustainable food and fiber production; clean fuel and renewable technologies; advanced information, health and agricultural systems; and consulting on Capital Homesteading financing strategies for turning workers and other citizens into shareholders within commercial, financial, industrial and agricultural enterprises.
Within all for-profit enterprises, non-profit organizations and government agencies, America should be introducing participatory and justice-based management and governance 15 systems to increase performance and efficiency.
* Help Accelerate Third World Development and Debt Relief
We will export the principles of the Just Third Way 16 and the financial technologies of Capital Homesteading 17 to all nations. This would democratize and accelerate economic growth in developing economies; reduce the economic and political pressures for individuals and family members to emigrate to other countries and leave behind their families, friends and cultures; neutralize and marginalize the preachers and teachers of global terrorism; systematize greater transparency to reduce public corruption; and build sustainable Just Third Way economies from the bottom-up.
We will cancel old debt of developing countries that resulted from borrowing funds that went to non-productive projects or that enriched corrupt political leaders and their cronies at the expense of their own people.
* Promote Long-Term Stewardship of the Global Environment
We will create a ten-year equivalent of the Marshall Plan or the "Race to the Moon" to conduct research, develop, and finance advanced sustainable energy technologies (many of which have already been developed by NASA and other federal agencies but are not yet commercially available) that reduce the rising levels of carbon dioxide and other pollutants created from continued use of finite fossil fuels. We will seek collaboration among nations and global organizations to better define the issue and present real-world solutions that will not reward special interests nor cripple national economies.
We will seek to rapidly reduce America's dependency on oil and fossil fuels by shifting to renewable sources of energy, so that existing reserves will not be depleted before a "safety cushion" is preserved in the ground to handle future emergencies within an increasingly more fragile and technologically dependent world.
We will seek to design and build technologically and environmentally sound public-transportation systems in cities and metropolitan areas currently without them, which are convenient and safe for those seeking alternatives to the use of motor vehicles and traditional urban-transit systems. This will reduce pollution and motor-vehicle accidents, decrease the use of fossil fuels, reduce traffic gridlock, and allow non-drivers access to the advantages of city life.
* Transform the United Nations and other International Organizations to Promote Economic Democracy as an Essential Foundation for Spreading Political Democracy Globally
We will use America's superpower status to bring together a coalition of free and democratic countries unified to support the Just Third Way. We will advocate among friendly nations the transformation or replacement of the United Nations as a global institution for advancing global peace, prosperity and freedom through global economic, social, and political justice. Such a global institution would promote peacemaking efforts that draw upon grassroots initiatives that make all people participatory shareholders in peace.
* Improve National Security by Winning the War of Ideas
We will strengthen and transform the national security policy of America and its coalition partners by launching, unilaterally if necessary, a Just Third Way offensive in the war of ideas. To eliminate the breeding grounds for recruiting extremists and religious and other terrorists, this new national security policy would be immediately followed by more effective bottom-up assistance from United States and international development agencies for delivering ideas and strategies that encourage higher levels of economic and social justice for all citizens within poor and underdeveloped countries.
We will limit American military intervention to a last resort in winning the War on Global Terrorism. Instead, America should use its superpower military and economic status to lead other nations in advancing the efforts of global governance bodies and Just Third Way initiatives that promote the dignity and quality of life for all people. We should also supply, unilaterally if necessary, all forms of assistance to Just Third Way advocacy groups struggling to overcome genocidal dictatorships in all countries that harbor terrorists and other threats to global peace.
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