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Post-slavery Economics of Right-is-Might
By
Peter Alexander Egom
Capitalism, the global economics of slavery, might–is-right, usury, injustice
and war has imploded. And, its fast emerging replacement, on the global
scene, is communitarianism, the post-slavery global economics of right-is-
might, charity, justice and peace. Whereas capitalism did put man, and
especially the black man, over the past five centuries, at the grinding mercy
of its avaricious and grabbing usury money of market hierarchy ,
communitarianism will put its ceaseless-giving charity money of market level-
ground at the common good beck and call of the unqualified humanity of the
globe.
So, gone is the savage capitalist idea that ethics and usury money have
nothing whatever to do with each other since might-is-right and the end
always justifies the means. Rather, communitarianism comes up with the
Islamo-Christian ethic that the common good is the ethical soul and spirit of
charity money and that the end can never justify the means because right is
always might. It follows from this that the fast emerging post-slavery global
economics of right-is-might will put, squarely, the living human being, warts
and all, and not the cold and insensitive fiction of money capital, at the centre
of global economic discourse and action. And, this is simply what is entailed
by the social, political and economic revolution of its much-used, but little-
understood, anchor concept of integral human development.
Then, what really does the communitarian concept of integral human
development mean? As follows. It begins with Pope Benedict XVI by saying
this much about humanity in general: “…We are not some casual and
meaningless product of evolution. Each of us is the result of a thought of
God. Each of us is willed, each of us is loved, each of us is necessary...”;
Homily of His Holiness, April 24 2005. Accordingly, integral human
development is that private-sector-led socio-economic and political process
which gives any human being, in any society of the globe, the unconditional
access to the culture-specific minimum of the social, material, entrepreneurial
and environmental conditions and circumstances for a life that is lived at
peace with one’s self and with one’s near and far neighbours.
This is to say that unless and until every human being, anywhere on this
earth, has been given the necessary and sufficient earthly ambience to live
at peace with himself or with herself, this earth of all humanity will not be able
to live at peace with itself. Therefore, integral human development is not a
chance event which will just well up from nowhere upon us on this globe.
Rather, it is the social, political, economic and global outcome of a conscious,
sustained and popular sovereignty shift in the anchor economic metric of
global economic discourse and action. For, it is only under the global regime
of the charity money of right-is-might, popular sovereignty and market level-
ground that the justice and peace of integral human development will emerge
to cover the whole earth with divine joie-de-vivre as the waters cover the sea.
Since the now imploding global economics of slavery, usury and capitalism
has been, for the past five centuries, and in a very fundamental sense, a no-
holds-barred and exploitative war to the finish between the imperial and
upper-dog lighter races of Europe and North America, on the one hand, and
the colonized and underdog darker races of Africa, on the other hand, it thus
follows that as the pro-Europe-and-North-America global economics of black
slavery falls apart ,irretrievably, so must the pro-Africa and post-slavery
global economics of black economic liberation and restoration take the
center-stage of global economic discourse and action. Hence, it is written that
the global economy will not emerge from its current morass and drift until and
when the following three issues of black economic emancipation and
restoration are addressed head-on at all global economic forums.
One, what must the global economy do of a definitive and popular
sovereignty paradigm shift in global currency market management in order
to put Black Africa at the democratic center of the global markets as
demanded by the global-justice-and-peace spirit of integral human
development?
This search for an economic formula which will liberate and restore the black
race economically in Africa and everywhere on this earth must begin from the
global markets for money because it is at the external ,or payments standard,
dimension of the global currency markets that the die of the development or
the under-development of Mother Africa is cast. This is so because it is
precisely at this currency market linchpin of the global economy that the
currencies of African nations are conditioned by the usury money of elitist
sovereignty to engage in the losing and underdog wars of unequal exchange
with the currencies of the upper-dog nations of Europe and North America .
And, this is why the latter are the lordly fractional reserve currencies of the
global center, whilst the former are the pariah external reserve currencies of
the global periphery.
So, the critical global currency market issue for the emergence of the justice
and peace of integral human development in Mother Africa is whether there
is market level-ground between and among the currencies of all the nations
of the globe in their roles as international units of account, contracts and
payments. An international unit of account, contracts and payments is what is
known as a reserve currency. And, this reserve currency status of any
currency in the global markets is not an idle matter. For just as a full reserve
currency is a resource conserver for the communitarian nations of the equal
opportunity Africa of tomorrow, so is a fractional reserve currency a resource
importer for the centre- capitalist nations of the Europe and North America of
yesterday and today and so is an external reserve currency a resource
exporter for the underdog and periphery-capitalist nations of the Africa of
yesterday and today, barring South Africa. For, it is only the post-Apartheid
South African Rand that has a reserve currency status in Black Africa. And
this is what makes and keeps South Africa as a rank-breaking anomaly in
the Africa of yesterday and today because she is the sub-imperial
surrogate and toe-hold of Europe and North America in Africa. But this
current South African race-and-empire currency role in Africa must now
change for the common good of the rainbow integral human development of
all the peoples of Sub-Saharan Africa, SSA, as God Almighty pleases.
In effect, it is in the external payments standard dimension of the global
currency markets that the global market forces of elitist sovereignty and the
global market forces of popular sovereignty vie to determine whether it is the
currencies of all the nations, or the currencies of only the few Euro-American
nations, of the globe which are recognized as international units of account,
contracts and payments. So, what is needed from the external and global
currency market dimension for the rainbow economic emancipation and
restoration of Mother Africa is the establishment of a global network of seven
or so popular sovereignty common currency regions. The common currency
of each region will be as-if gold convertible and nominally equal to 29 grams
of fine gold in the mould of the defunct gold franc of the Bank for
International Settlements, BIS, of Basle, Switzerland. This as-if gold
convertible African common currency is the MANDELA, which will be
established, exactly in 2010, by the Nigeria-based and private-sector-
controlled-and-led Bank for African Settlements, BAS. And this will be just as
Nigeria, the much maligned but the nonetheless focal heart-beat of the black
race, clocks her golden jubilee of political independence. For, so it is written!
And, what the as-if gold convertible Mandela will do for Africa and the world at
large is to eliminate the enslaving center-periphery syndrome from Africa’s
intra-regional and inter-regional market structures for trade and payments in
the manner described immediately below.
Two, what concrete structures of global charity and exodus banking must the
global economy put in place to enable and facilitate the return of every willing
black person, from his or her place of enforced exile in Europe and North
America , back to his or her ancestral and DNA-Map-certified ethnic roots in
Africa, as Marcus Garvey’s Back to Africa Programme wanted to do over a
century ago?
Now, once it is accepted that the usury money of elitist sovereignty creates
rigid structures of imbalance in the global structure of resource flows of
labour, materials and capital between the periphery Africa and the center
Europe and North America, then it will follow that the usury money of elitist
sovereignty and capitalism lie at the heart of the many centuries of the global
enslavement and dissipation of the energies and peoples of black Africa.
And, it will also follow that any concerted effort to return Africa to its pre-
slavery tranquility of resource control will need to call upon the charity and
popular sovereignty money of communitarianism to arrest the hemorrhage of
labour, materials and capital from Africa to Europe and North America.
In other words, what the current global, or better still: Euro-American,
financial crisis does highlight is the urgent need for a radical change in the
character of the intra-regional and inter-regional financial institutions which
control and facilitate the intra-regional and inter-regional structures of trade
and payments between Africa and the rest of the world.
Accordingly, the resource exporting and Euro-American financial
institutions of elitist sovereignty like the IMF, the World Bank, the IFC , the
ADB ,plus the still-born African Financial Corporation, AFC, and the Euro-
American commercial banking imperia are the institutional props for the
global enslavement and dissipation of the energies and the peoples of Africa.
Therefore, the rainbow integral human development of Africa demands, as of
necessity, that resource conserving global and regional financial institutions
of popular sovereignty should emerge to create level-ground market
structures of inclusion inside and outside of Africa. It is in this spirit of the
global market inclusion of Africa that it becomes imperative that the popular
sovereignty BAS liaises, inter-regionally, with the other six Banks for Regional
Settlements, BRS, to create under the umbrella of the popular sovereignty
Bank for Global Settlements, BGS, the global common currency and level-
ground market platform for equal and fair trade between Africa and the rest
of the world. For, as the regional and popular sovereignty common
currencies of say the regions of Europe and North America are each made
equal to the Mandela and thus equal to 29 grams of fine gold in unit as-if
gold value ,it will then follow that BAS is a pro-Africa regional financial
institution which eliminates the enslaving center-periphery syndrome of
unequal trade and payments between Africa and the erstwhile Euro-American
global center.
In addition, the popular sovereignty BAS will go to work within the African
region to ensure and guarantee the intra-regional convertibility of the
currently non-convertible African national currencies in the intra-regional
trade and payments relations among and between all the nations of the
African region of the globe.
More...
By
Peter Alexander Egom
Capitalism, the global economics of slavery, might–is-right, usury, injustice
and war has imploded. And, its fast emerging replacement, on the global
scene, is communitarianism, the post-slavery global economics of right-is-
might, charity, justice and peace. Whereas capitalism did put man, and
especially the black man, over the past five centuries, at the grinding mercy
of its avaricious and grabbing usury money of market hierarchy ,
communitarianism will put its ceaseless-giving charity money of market level-
ground at the common good beck and call of the unqualified humanity of the
globe.
So, gone is the savage capitalist idea that ethics and usury money have
nothing whatever to do with each other since might-is-right and the end
always justifies the means. Rather, communitarianism comes up with the
Islamo-Christian ethic that the common good is the ethical soul and spirit of
charity money and that the end can never justify the means because right is
always might. It follows from this that the fast emerging post-slavery global
economics of right-is-might will put, squarely, the living human being, warts
and all, and not the cold and insensitive fiction of money capital, at the centre
of global economic discourse and action. And, this is simply what is entailed
by the social, political and economic revolution of its much-used, but little-
understood, anchor concept of integral human development.
Then, what really does the communitarian concept of integral human
development mean? As follows. It begins with Pope Benedict XVI by saying
this much about humanity in general: “…We are not some casual and
meaningless product of evolution. Each of us is the result of a thought of
God. Each of us is willed, each of us is loved, each of us is necessary...”;
Homily of His Holiness, April 24 2005. Accordingly, integral human
development is that private-sector-led socio-economic and political process
which gives any human being, in any society of the globe, the unconditional
access to the culture-specific minimum of the social, material, entrepreneurial
and environmental conditions and circumstances for a life that is lived at
peace with one’s self and with one’s near and far neighbours.
This is to say that unless and until every human being, anywhere on this
earth, has been given the necessary and sufficient earthly ambience to live
at peace with himself or with herself, this earth of all humanity will not be able
to live at peace with itself. Therefore, integral human development is not a
chance event which will just well up from nowhere upon us on this globe.
Rather, it is the social, political, economic and global outcome of a conscious,
sustained and popular sovereignty shift in the anchor economic metric of
global economic discourse and action. For, it is only under the global regime
of the charity money of right-is-might, popular sovereignty and market level-
ground that the justice and peace of integral human development will emerge
to cover the whole earth with divine joie-de-vivre as the waters cover the sea.
Since the now imploding global economics of slavery, usury and capitalism
has been, for the past five centuries, and in a very fundamental sense, a no-
holds-barred and exploitative war to the finish between the imperial and
upper-dog lighter races of Europe and North America, on the one hand, and
the colonized and underdog darker races of Africa, on the other hand, it thus
follows that as the pro-Europe-and-North-America global economics of black
slavery falls apart ,irretrievably, so must the pro-Africa and post-slavery
global economics of black economic liberation and restoration take the
center-stage of global economic discourse and action. Hence, it is written that
the global economy will not emerge from its current morass and drift until and
when the following three issues of black economic emancipation and
restoration are addressed head-on at all global economic forums.
One, what must the global economy do of a definitive and popular
sovereignty paradigm shift in global currency market management in order
to put Black Africa at the democratic center of the global markets as
demanded by the global-justice-and-peace spirit of integral human
development?
This search for an economic formula which will liberate and restore the black
race economically in Africa and everywhere on this earth must begin from the
global markets for money because it is at the external ,or payments standard,
dimension of the global currency markets that the die of the development or
the under-development of Mother Africa is cast. This is so because it is
precisely at this currency market linchpin of the global economy that the
currencies of African nations are conditioned by the usury money of elitist
sovereignty to engage in the losing and underdog wars of unequal exchange
with the currencies of the upper-dog nations of Europe and North America .
And, this is why the latter are the lordly fractional reserve currencies of the
global center, whilst the former are the pariah external reserve currencies of
the global periphery.
So, the critical global currency market issue for the emergence of the justice
and peace of integral human development in Mother Africa is whether there
is market level-ground between and among the currencies of all the nations
of the globe in their roles as international units of account, contracts and
payments. An international unit of account, contracts and payments is what is
known as a reserve currency. And, this reserve currency status of any
currency in the global markets is not an idle matter. For just as a full reserve
currency is a resource conserver for the communitarian nations of the equal
opportunity Africa of tomorrow, so is a fractional reserve currency a resource
importer for the centre- capitalist nations of the Europe and North America of
yesterday and today and so is an external reserve currency a resource
exporter for the underdog and periphery-capitalist nations of the Africa of
yesterday and today, barring South Africa. For, it is only the post-Apartheid
South African Rand that has a reserve currency status in Black Africa. And
this is what makes and keeps South Africa as a rank-breaking anomaly in
the Africa of yesterday and today because she is the sub-imperial
surrogate and toe-hold of Europe and North America in Africa. But this
current South African race-and-empire currency role in Africa must now
change for the common good of the rainbow integral human development of
all the peoples of Sub-Saharan Africa, SSA, as God Almighty pleases.
In effect, it is in the external payments standard dimension of the global
currency markets that the global market forces of elitist sovereignty and the
global market forces of popular sovereignty vie to determine whether it is the
currencies of all the nations, or the currencies of only the few Euro-American
nations, of the globe which are recognized as international units of account,
contracts and payments. So, what is needed from the external and global
currency market dimension for the rainbow economic emancipation and
restoration of Mother Africa is the establishment of a global network of seven
or so popular sovereignty common currency regions. The common currency
of each region will be as-if gold convertible and nominally equal to 29 grams
of fine gold in the mould of the defunct gold franc of the Bank for
International Settlements, BIS, of Basle, Switzerland. This as-if gold
convertible African common currency is the MANDELA, which will be
established, exactly in 2010, by the Nigeria-based and private-sector-
controlled-and-led Bank for African Settlements, BAS. And this will be just as
Nigeria, the much maligned but the nonetheless focal heart-beat of the black
race, clocks her golden jubilee of political independence. For, so it is written!
And, what the as-if gold convertible Mandela will do for Africa and the world at
large is to eliminate the enslaving center-periphery syndrome from Africa’s
intra-regional and inter-regional market structures for trade and payments in
the manner described immediately below.
Two, what concrete structures of global charity and exodus banking must the
global economy put in place to enable and facilitate the return of every willing
black person, from his or her place of enforced exile in Europe and North
America , back to his or her ancestral and DNA-Map-certified ethnic roots in
Africa, as Marcus Garvey’s Back to Africa Programme wanted to do over a
century ago?
Now, once it is accepted that the usury money of elitist sovereignty creates
rigid structures of imbalance in the global structure of resource flows of
labour, materials and capital between the periphery Africa and the center
Europe and North America, then it will follow that the usury money of elitist
sovereignty and capitalism lie at the heart of the many centuries of the global
enslavement and dissipation of the energies and peoples of black Africa.
And, it will also follow that any concerted effort to return Africa to its pre-
slavery tranquility of resource control will need to call upon the charity and
popular sovereignty money of communitarianism to arrest the hemorrhage of
labour, materials and capital from Africa to Europe and North America.
In other words, what the current global, or better still: Euro-American,
financial crisis does highlight is the urgent need for a radical change in the
character of the intra-regional and inter-regional financial institutions which
control and facilitate the intra-regional and inter-regional structures of trade
and payments between Africa and the rest of the world.
Accordingly, the resource exporting and Euro-American financial
institutions of elitist sovereignty like the IMF, the World Bank, the IFC , the
ADB ,plus the still-born African Financial Corporation, AFC, and the Euro-
American commercial banking imperia are the institutional props for the
global enslavement and dissipation of the energies and the peoples of Africa.
Therefore, the rainbow integral human development of Africa demands, as of
necessity, that resource conserving global and regional financial institutions
of popular sovereignty should emerge to create level-ground market
structures of inclusion inside and outside of Africa. It is in this spirit of the
global market inclusion of Africa that it becomes imperative that the popular
sovereignty BAS liaises, inter-regionally, with the other six Banks for Regional
Settlements, BRS, to create under the umbrella of the popular sovereignty
Bank for Global Settlements, BGS, the global common currency and level-
ground market platform for equal and fair trade between Africa and the rest
of the world. For, as the regional and popular sovereignty common
currencies of say the regions of Europe and North America are each made
equal to the Mandela and thus equal to 29 grams of fine gold in unit as-if
gold value ,it will then follow that BAS is a pro-Africa regional financial
institution which eliminates the enslaving center-periphery syndrome of
unequal trade and payments between Africa and the erstwhile Euro-American
global center.
In addition, the popular sovereignty BAS will go to work within the African
region to ensure and guarantee the intra-regional convertibility of the
currently non-convertible African national currencies in the intra-regional
trade and payments relations among and between all the nations of the
African region of the globe.
More...