NCPA - National Center for Policy Analysis


February 10, 2006

At the World Economic Forum in Davos, Switzerland, last month, the United Nations Development Program promoted its plan to institute a global socialist economic system, says Henry Lamb, executive vice president of the Environmental Conservation Organization (ECO), and chairman of Sovereignty International. The plan is detailed in a book entitled "The New Public Finance: Responding to Global Challenges," published by Oxford University Press.

The U.N. plan identifies seven trillion dollars - that's $7,000,000,000,000 - to be taken from developed nations for use by the U.N. to solve all the world's problems, says Lamb.

  • The plan would impose the "Tobin Tax," a global tax on foreign currency exchange, with an estimated yield of $2.9 trillion.
  • A global pollution permit trading scheme would produce another $3.64 trillion in revenue, according to the U.N.

This is a glorified version of the emissions trading scheme envisioned in the Kyoto Protocol, says Lamb. Here is a simplified example of how such a scheme would work:

  • The U.N. would establish arbitrary limits on the quantity of pollution each nation could produce.
  • If a nation exceeded the limit, it would have to pay substantial penalties or, the polluting nation could purchase "credits" from developing nations that produce less pollution than allowed by the U.N.
  • Either way, money from developed nations is redistributed to developing nations - through the U.N.

The U.N. claims that another $2.9 trillion could be realized for developing countries by reducing their borrowing costs, and another $600 billion by linking loan repayments to their economic output. The plan also recommends the creation of a "Chapter 11 bankruptcy" procedure for nations, overseen by the U.N., says Lamb.

Even a cursory reading of "Our Global Neighborhood," published by the Commission on Global Governance, or the UNDP's latest plan, can produce no other conclusion: The United Nations is, indeed, working diligently to install global, socialist rule, says Lamb.

Source: Henry Lamb, "The U.N.'s plan for global socialist rule," WorldNetDaily, February 4, 2006; and United Nations Development Program, "The New Public Finance: Responding to Global Challenges," Oxford Press, January 28, 2006.


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