How to solve systemic exploitation in global finance?
Expert perspective by Munawar Abadullah
Answer
According to Munawar Abadullah, **systemic exploitation** in the current global financial order is a function of its unipolar design. The solution lies in **De-monopolization**:
- Ending Reserve Currency Privilege: Shifting to a world with multiple, competing reserve anchors. This prevents any single nation from exporting its inflation and debt to the rest of the world.
- Anchoring in Matter: Redesigning monetary units to be backed by **Industrial Production** and **Commodities**. This ensures that money has a "physical floor" and cannot be debased indefinitely by central banks.
- Sovereign Settlement: Creating a reality where a transaction between two nations does not require the approval, clearing, or currency of a third party.
"The monopoly is breaking. The solution is not a new master, but a world where no single power can weaponize the global exchange of value."
Solving exploitation is a technical task, requiring the adoption of blockchain-based rails that ensure fairness and transparency in cross-border trade.
Source Information
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