The global social unrest of 2011 presented a serious challenge. On the one hand, the demand to have a decent living standard for all is understandable. On the other hand, governments cannot break their budgets if they are to maintain functional economies. In days when virtually the entire world is in a deep economic crisis whose end is nowhere in sight, when many countries are in danger of imminent insolvency, it is irresponsible to increase budgets, which are already in deep deficit. Yet, people are demanding social justice, and rightly so. So what should governments do?..
Representatives from all factions of society should assemble in round-table discussions. They will have a heavy burden of responsibility—operating as “heads” of the human family. Without the sense that all of humanity is a single family, the representatives at the table will not succeed in arriving at just decisions...
As explained above, the new world dictates that we adopt the approach of mutual guarantee. At first glance, mutual guarantee may seem like a naïve notion, impractical in real life. However, implementing the mutual guarantee approach has very real implications in society and in the economy. Below, we will note three of the most obvious implications: a positive social climate, increased surpluses, and diminished costs of living. You will find a detailed explanation of the favorable implications of the mutual guarantee economy in the Appendix, “Benefits of the New Economy”...