By Joseph A. Klein, CFP United Nations Columnist —— Bio and Archives--July 23, 2020
Biden, an avowed globalist, is also calling for a new social contract
“Build Back Better” was used originally by the UN to describe the disaster recovery, rehabilitation and reconstruction concept set forth in the Sendai Framework for Disaster Risk Reduction 2015-2030. This framework was adopted at the Third UN World Conference in Sendai, Japan, on March 18, 2015. But now, following the onset of the coronavirus pandemic, “Build Back Better” has become the UN’s clarion call for a new social contract and new global deal.
Biden, an avowed globalist, is also calling for a new social contract. In his commencement speech to Columbia Law School’s Class of 2020, Biden declared that COVID-19 should be seen “as a force majeure that compels us to rewrite the social contract that’s been scrambled by nature’s fury and human failures.” The close parallels between Biden’s vision of what such a new social contract would look like and the UN’s vision are noteworthy.
Starting with the United Nations, the central themes of the UN’s concept of a “new social contract” are a rapid transition to what it calls an inclusive green economy and an end to inequality worldwide.
UN Secretary General Guterres spelled this out in detail in his Nelson Mandela Lecture entitled “Tackling the Inequality Pandemic: A New Social Contract for a New Era.” Guterres said that the coronavirus pandemic “has laid bare risks we have ignored for decades: inadequate health systems; gaps in social protection; structural inequalities; environmental degradation; the climate crisis.”
Guterres added that “when building back better, we build back with inclusiveness and with sustainability, addressing the problems of inequality and addressing the problems of climate change.” He called “not only for climate action, but climate justice.” On other occasions the Secretary General has warned of what he described as the “world’s climate emergency.”.............
..........“Fundamental reforms to address systemic racism and entrenched income and wealth inequality in our economy and our financial system”............“Making racial equity part of the mandate of the Federal Reserve”.........To Read More.....
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