Global institutions are controlled by the wealthiest and most powerful countries. This policy shifts international decision-making toward fairness and representation.
Global institutions are controlled by the wealthiest and most powerful countries. This policy shifts international decision-making toward fairness and representation.
Policy Objective - Democratise global governance
Governance & Geopolitics Policy Instruments 👇
Remember: Policy instruments are the means by which governments can achieve the degrowth goals/objectives we urgently need!
1 - Democratise financial institutions 🏦
💡 Translation: The IMF and World Bank should serve people, not creditors.
🌍 Reform governance structures so Global South nations have equal decision-making power.
💰 End coercive lending policies that enforce austerity and resource extraction.
2 - Abolish veto power in the UN ❎
💡 Translation: No country should have the power to block global action.
🚫 End the UN Security Council’s veto system, which allows powerful nations to dominate global decisions.
🌍 Ensure international decision-making is democratic and accountable to all.
3 - Increase transparency and accountability 🔦
💡 Translation: No more backroom deals in international governance.
🔍 Introduce mechanisms for civil society oversight of global institutions.
🏛 Ensure transnational corporations and NGOs are held accountable for their actions.
💥 Global governance should be built on justice, not control.