Nature of Work and Globalization of Social Rights
Persistent corruption in low-income countries requires global action
Global Democracy: Civil Society Visions and Strategies (G05) Conference Report
The Five WGI Indicators
What Amazonia Does the World Need?
Building Consensus on Food Safety Programs among Consumer and Public Health Organizations
Preparing Rio+20 at the Thematic Social Forum: A Historical Opportunity
Charter of the Peoples of the Earth
Reclaiming the ASEAN Community for the People
Campaign for People’s Goals for Sustainable Development
An Ecological Act: A Backgrounder to the National Rural Employment Guarantee Act (NREGA)
PMCs, Human Security and Global Governance in Global Public Sphere
Rediscovering Nelson Mandela for the Twenty-first Century
China Sustainable Development Strategy Report 2011. Greening the Economic Transformation
Proposals for a New World Governance
Political Oversight of the ICANN: A Briefing for the WSIS Summit
Towards a Global Political-Economic Architecture of Environmental Space
Israel / Palestine: The New Peace Movement
The universal, publicly financed old-age pension has been a popular and effective means for reducing poverty and extending social citizenship in all developed states. In the age of globalization it is right that this reliable and tested device for protecting the livelihood of the elderly should be installed at a planetary level, by means of a Global Pension paid at a modest rate to every older person, to be financed by a very modest tax on global financial transactions and corporate wealth.
In the first instance, the worldwide old-age pension could be at one dollar a day, bearing in mind that even this small sum would help to lift hundreds of millions of the aged out of poverty in every part of the globe. Poverty and inequality are so great in today’s world that quite modest remedial measures ca have a large impact.
The cost of introducing a Global Pension of a dollar a day in the next few years would therefore be around $205 billion a year, one-fifth of the projected cost to the US of the Iraq War, or half of the annual US military budget prior to the Iraq invasion. However, that cost will double by around 2030, and triple by mid-century
The Global Pension would be a universal social-insurance scheme, not an aid program. It would channel financial resources directly to the elderly in their communities, whether rich or poor, urban or rural. The administration costs would, insofar as possible, be spent in those communities. It would be a non-means-tested as well as non-contributory "social pension."
Source: New Left Review