Providing a reasonable way out of the current global economic and political crisis, this study offers a comprehensive explanation of the foundations of this crisis as well as detailed criticisms of current solution measures, while showing a way to create long-lasting peace, human security, and a sustainable ecosystem for all. After carefully analyzing the foundations of democracy at national and global levels, the conditions for sustainability of democracy, and its interconnections with capitalism, the proposal suggests a complete redesign of the United Nations and its economic agencies to result in a global democracy for exclusively dealing with global public goods and externalities. A priority target of this suggested reorganization is a more balanced and acceptable global distribution of income, as a necessary condition for the survival of global capitalism.
Jose Miguel Andreu is a professor of economics at the University of Sevilla, works at the UNED (Open University of Spain), and is the former economic advisor to the Prime Minister of Spain. Rita Dulci Rahman is a diplomat for the Netherlands with more than 30 years of experience in international economics and politics.