Nothing without Labour

The basic model for stability and for moderation of the volatility that encourages speculation should be the domestic and global economic and financial system that characterised the quarter century in the highly developed countries from 1945 to 1970. This basic model will have to be modified for economic, financial, social, technical and scientific changes since but, among other things, it should restore the rights, privileges and status of the working and middle classes as well as modify the "sitting pretty" situation of the rich.

The broad objective should be to achieve peaceful change based on social and economic justice within a genuinely democratic system.

DIGG's report should recommend immediate measures to minimize distress while more basic reconstruction of domestic and global economies takes place. A process should be started to construct a new IMF and IBRD as well as new agencies for such key economic and social sectors as agriculture and trade. We must look towards a revolution in domestic and global policies which is likely to require the UN or other central multilateral authority to meet in continuous session to oversee the progress – or further deterioration – of the global economy.

This would herald a peaceful revolution. We need to embark on it urgently to avoid a monumental financial collapse. We need to embark on it also to avoid revolutionary violence on an unprecedented scale.