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Jens V. Svendsen

An Essay on Global Governance

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Posted on June 4, 2025 Full size 240 × 216

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“Mankind's primary challenge is getting global warming under control and, at the same time, meet the demand from billions of people in middle and low income groups who want the same type of life as the global elite.

“There is bad news for those who hope that markets will break down under post-industrialism. Cryptoeconomics holds market forces on steroids. Everything can be traded: If you, for example, order the fast trip in a self-driving taxi, it will pay the transverse traffic to hold back, and instead of buying Internet access via an intermediary service provider, tomorrow's electronic devices will work in a mesh-network and buy capacity from each other.

Basically, we humans are decent because we, throughout our prehistory, have been selected through a process in which only the kindest survived. It was only when we gave up nomadic life and introduced private property and social hierarchies that inequity became a structural part of our society and the “unfriendly” individuals were allowed to survive and even acquire power (source).

“In a world where all assets are tokenized, it is relatively simple to imagine a system of smart contracts that automatically tax dividends and increased asset value. It is also a no-brainer to introduce an automated tax on financial transactions and trade.

“Web3 has the potential to bring down the cost of transactions by a factor 100 or more, just as Web2 brought down the cost of information.

“The African continent is favored by an abundance of solar energy as well as considerable human and natural resources, that, with the help of new technology, could make Africa the continent of the future.
Basically, the future of the African continent depends on the ability to convert the abundant solar power into food, water, energy, fertilizer, communication, reforestation, and education. Africa is one big power-to-X project.

“We could offer to airdrop a small “basic income” of one Euro a day to all adult in Sub-Saharan Africa (corresponding to approx. 2% of the EU GDP). Such a program will boost Web3, put an end to extreme poverty, dampen migration, reduce the fertility rate, and bootstrap African entrepreneurship.

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