Let me first clarify: this is not an election analysis. I don’t care who won, how they won, or what anyone said. My main goal in this article is to expose the flaws in global systems.
First, let’s quickly establish why this election is of global concern. Of course, it’s economic. There are two main criteria here. The first is the US’s economic size and its enormous trade volume with every country. The second is the US’s ownership of the dollar.
To elaborate further, the US has a significant trading volume with all countries. Its trading volume with some countries, such as Latin American countries and Canada, is clearly number one in that country. With such a high volume of trade, you’re also dependent on a country. Having studied in Canada, I know this topic has always been a hot topic there: Canadians seek answers to questions like, “Why are we so dependent on the US?” or “How can we mitigate this risk?”
The Dollar’s Global Power
The second reason the US holds such a strong grip on the world is that the dollar is a valid currency worldwide. Some countries are so dependent on the dollar that they even declare the dollar as their official currency alongside their own.
This ultimately leads to the dependence of all countries on the US. A well-governed US that promotes peace and stability around the world can reassure everyone, while a US that divides, pursues only its own interests, serves the interests of the lobbies controlling the US, and can even declare war if necessary, can cause unrest and chaos worldwide.
Without beating around the bush, I recommend the following for the future: To ensure global prosperity, we need to decentralize these governance systems. In other words, instead of power centers like the US, China, and Russia that maintain global balance, this power can be distributed across countries or even smaller destinations (states, regions, provinces, districts, etc.), making governance more effective and efficient. Instead of power centers that are constantly at odds with each other within a network and can even threaten each other with nuclear weapons, we can establish a network of destinations that support each other, share knowledge and human resources for human development, and foster peace.
The Benefits of New Technologies and Models
In this sense, I seriously value new technologies and models that can enable distributed systems. Bitcoin in currency, renewable energy in energy, and all forms of digitalization are just a few examples. Of course, if we ask, “Will dominant states allow their power to be dispersed over time?”, the immediate answer is, “Of course not.” Not only do they not allow it, but they will do everything in their power to prevent or delay this process. The public’s reaction will be decisive.
As someone who comes from a generation that has witnessed the most change and development in human history, I, too, am curious to see what more we will see.
Tag: special days
