Power to the People

The current economic, ecological, technological, social, political and legal polycrisis, is probably the most serious in the history of humanity. Crisis breeds chaos, disorder, disruption, division and danger, accentuating difference and growing contest into conflict and inevitably to violence. Multi crisis becomes security crisis, confrontation turns military and resorts to war, conventional and finally nuclear. Then the question arrives to which catastrophe will catch humanity and the world first, will it be planet heating or nuclear war.

To check the crisis and start clearing the path to recovery and development the people need to reclaim power. In liberal democracies (constitutional republics) this means the repair and reinforcement of the representative institutions and of the rule of law. Such institutions are the parliaments (legislative), the courts (judicial) and the governments (administrative). The power of these institutions is the power of the people.

In the U.S., such institutions are the Congress, the Supreme Court and the President. Institutions are part of the constitutional and legal infrastructure.  The U.S. President is right to confer power to the people in the medium term via upgrade of the technical, social, economic, ecological and technological infrastructure and the improvement public services and utilities which the people can use for their education, health, wealth, happiness and overall, for their freedom and success.

To deal with inequality and with the derivative crisis and with inflation and to defend and reinforce the American institutions and protect national and international security in the short (immediate) term however, the President must direct the administration to liberate and regulate markets in the U.S. and worldwide. Regulation must be liberal and include supervision and enforcement. Oversight includes institutions for the monetary policy and in this case the President and the Congress must mandate the audit of the accounts and the books of the U.S. Federal Reserve Bank, especially for competition violation, market distortion and unlawful state aid. They can also mandate the review of the works of the competent and relevant agencies like the Security and Exchange Commission and the Federal Trade Commission.

In the same but international tenor, the President must review and overhaul the sanctions policy from zero ground. Concurrently he must also relay and reaffirm clearly to the competent and relevant agencies such as, the Department of State, the Department of Defense, the Department of Treasury and the Department of Justice, the exact priorities of the U.S. foreign and national security policy and what are his expectations from each.

Ground zero review means starting with examination of the abolition of the sanctions (system), especially when these are counter productive, contradictory or conflicting with the policy of open, free, fair transaction and trade and inclusivity in the international markets and in the global economy. In this case market, economic and financial delinquencies and violations will be dealt by the standard administrative and legal measures, penalties and remedies provided for the protection of competition and transaction at civil, commercial, administrative and criminal (for the most serious offences) level under national and international law.

Alternative to the flat disposal of the sanctions, is the detailed and meticulous review of each and every sanction, the decontamination from counter productive or self conflicting elements, the defeat of purpose and the accomplishment of the reverse. It is also the laser target to specific delinquencies and violations of the offenders (physical and legal entities) and overall the reinstatement of the remedial (rather than disciplinary) function of the sanctions which is inclusive instead of exclusive and so relative and responsive to readmission requirements.

Other transitional measures for gradual disposal of the sanctions can be considered, provided however that they will be affixed to the aforementioned economic performance and market compliance prerogatives.

Conversely the U.S., European and international foreign relations and national security authorities must adjust or prepare promptly to adjust to an environment free of economic sanctions, which means concentration and performance under standard national and international diplomatic and military policies and remedies.

Finally the international community has to dispense with abuse, extremism and maximalism in sanctions and of derivative market speculation, price manipulation, black markets, unregulated, unlawful and dark trades, shadow governments by dominant interests, inflation, recession and the associated illegality and criminality. This includes danger, damage, corruption, friction and war, let alone the particular crimes which it breeds systematically and I feel embarrassed to recount further here.

The above will mark the shift of market and trade supervision and regulation from political to due administrative, legal and judicial, which is the competent and correct. In extraordinary situations, measures like tariffs, levies and dues can be considered, however again in the premises described. Taxes will be reformed alongside, it must be said however that economic recovery and development take to revenue and income growth, therefore also to fiscal revenue growth. The U.S. economy in particular has proven times and again its capacity to value services and infrastructure and so deal public deficit and debt with unsurpassed efficacy and efficiency. Therefore default on the U.S. debt is of no issue. Nevertheless the administration and the Democrats must consider any reasonable proposition of the Republicans.