The following comprises a very brief explanation of economic sharing, which can also be viewed as a PDF here.
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What is the Principle of Sharing
How Sharing Can Work
Why Share The World's Resources?
The existing model of development is not working. Despite the escalating food, financial and climate crises, the G8 and other wealthy nations continue to prioritise economic growth and profit over securing basic human needs.
Only a small minority benefit from a global economy based on self-interest and competition – values that have been institutionalised through the World Bank, IMF and WTO.
Today, more than 3 billion people live in poverty while hunger afflicts more people than ever before – exposing the failure of foreign aid and international commitments to development.
Decades of economic globalisation have created the widest ever gap between rich and poor, both within and between nations.
Excessive commercialisation and over-consumption of resources by the richest nations is the root cause of climate change – which hits the poorest nations the hardest.
Enough food, water and medicine exists for every person on the planet – yet despite a 60 year commitment to the Universal Declaration of Human Rights, governments have not created a world economy that secures basic needs for all.
What is the Principle of Sharing?
Sharing is not an ‘ism’ or an
ideology but a natural law of economy, a simple process that, when implemented
on a global scale, can ensure that basic human needs are universally secured.
Sharing in practice
National systems of welfare provide a practical example of sharing in which governments pool tax revenues and channel them into social services. Sharing also applies to cooperatives and local enterprises that value the community and not profit alone.
With a few limited exceptions, the principle of sharing has never been implemented on a global scale to the extent urgently required.
If the international community is committed to creating a sustainable world without poverty, we need a new model of development based on greater cooperation and sharing.
Natural resources (such as water, energy and the atmosphere), basic goods (such as food and medicine) and essential services (such as education, healthcare and utilities) need to be shared internationally to guarantee access for all.
Essential resources can only be shared effectively if they are managed by governments multilaterally. Without this affirmation of international unity and democracy, competition over resources will inevitably continue.
How Can Sharing Work?
Public pressure must first persuade governments to take immediate and decisive action to end poverty and create a sustainable economy by sharing essential resources.
A reformed United Nations should play a pivotal role in facilitating government cooperation to ensure universal access to basic goods and services.
Transforming the global economy
International economic sharing will require tightly regulating the free-market economy, limiting the activity and influence of multinational corporations, and shifting emphasis to community-based alternatives.
Sharing key resources would also lessen the negative effects of world trade and reduce the need for international finance and development funding. UN agencies such as ECOSOC and UNCTAD could then play a more significant role in governing the global economy.
A new paradigm for development
Wealthy nations will have to consume less, reduce CO2 emissions and ensure that essential resources are universally available. Sharing resources directly with local communities in this way can facilitate rapid bottom-up development and eventually eliminate the need for international aid.
The creation of a world economy that prioritises cooperation and sharing will naturally strengthen democratic structures and facilitate international peace and security.