June 8, 2026
In its present form, Capitalism cannot easily fix the ongoing problems of its own making. It has become an economic formula for much of World commerce. Its empowerment of the often unrestrained pursuit of profit, guided by the optional moral consciences of some individuals, businesses and nations has allowed for broad interpretation resulting in vast destructive behavior. We have been able to personally visit about forty countries during more than a year of continuous travel. Our goal is to complete one circumnavigation within another two years. This trip has developed into a unique opportunity to research World economies. Which was our hope at the onset. We are now in Southeast Asia and it is possible to make a few observations. The opening of ‘free markets’ with Capitalism worldwide has become a modern form of Colonialism. Countries that are thriving go into developing nations with the huge advantage of currency value and technological superiority. They essentially locate in each country resources that can be monetized and profit made, hire employees for less than they can in their home countries, then take the majority of the profit out of the host country. This dramatically changes the existing natural balance in most of these developing countries and thrusts them into the financially unbalanced world of free market capitalism for which they are not prepared and have no immunity. Where we have traveled so far, many developing countries are turned into tourist attractions and the young people are mostly encouraged to aspire to ‘hospitality’ work, keeping their expectations low. The following is a short summary of how Capitalism has evolved in recent history. People have benefited for many hundreds of years from the innovation and competition inherent in the practice of Capitalism. But now the symptoms of its flaws are obvious and too damaging to ignore. When Capitalism fails from its own weaknesses it can, in its final form, become fascism; dictatorial power, militarism, an autocracy that crushes opposition. It makes a few people very rich and creates a dictator to protect their wealth and influence resulting in an ultra nationalist state. When a country is completely invested in Capitalism, like the US, it must constantly monitor its military and financial power in the World. Looking back; the US petro dollar was established during the 1973 energy crisis by Nixon/Kissinger, in order to keep the US dollar strong next to other currencies. Controlling the high value of a nation's currency is essential for Capitalism to thrive and it was clear that oil was the blood of World economies. Arab oil traded for dollars in exchange for US military protection was the deal with the Saudi government. Because oil energy is a major labor saving device and creates exponential productivity and wealth, trading dollars for oil made the US Dollar the “preferred currency” and kept its value high. In 2024 the agreement with Saudi Arabia expired because the US could no longer protect Arab nations militarily. Also the rise of renewable energies challenged oil supremacy. One of Capitalism’s characteristics is to concentrate wealth in the hands of a few and encourage profit making over stabilization of a good quality of life for the rest of humanity. Over emphasis on profit making has suppressed education, healthcare and general dignified survival wherever it dominates. Wealth is not a barometer of intelligence or happiness. It is an advantage in Capitalist societies that opens opportunities in education and business. All it takes is a few powerful people to keep Capitalism going, apparently the richest 10% of the World population. That Capitalism has lasted so long is in part a testimony to its ability to keep adapting and improving on its least attractive strengths: control over the means of production, control over the value of currencies, amorality, exploitation, and a powerful military. Capitalism is presently a pervasive economic belief system and acts as a powerful temptation and World influence. Its social impact is on par with Communism, Democracy, Religiosity, Socialism, Liberalism, Conservativism, etc. This has again been made clear by the present oil/food crisis, created by the US/Israel attack on Iran that resulted in Iran closing the Strait of Hormuz. (Was this war a move on the part of the US to control oil and keep the USD strong?) This situation may already be worse than the energy crisis in the 70’s that created the US petro dollar. The World population is larger and more interconnected economically than ever before, making this oil shock even more damaging than the one in the 70’s. Oil is a valuable fair trade commodity. Its locations and price are controlled by a handful of companies and nations. (A common characteristic of Capitalism.) This essential energy source is centralized and vulnerable. The World economic system is in shock and being held hostage to the flow and price of oil. But this time there is a competitor for preferred currency, China's Yuan. Humans have become, over approximately 500 years, adapted to Capitalism. It feels inevitable, no matter what it destroys. It has captured the popular imagination like a religion. But unlike religions it encourages people to cast aside concerns of morality and the fate of humanity. Its symptoms and failures are explained away as the evils inherent in humanity or individual failures. But religions have shown they can evolve. Economics can evolve also. Like the worm of Protestantism that entered the apple of Catholicism, maybe there is a pest that can invade the Capitalist feeding frenzy. This pest could be in the form of a Parallel Currency, that would create, in time, a hybrid World economy dedicated to the dignified survival of all humanity. Any nation or state could introduce a Parallel Currency to be used next to existing currency. A currency printed to provide a base for humanity; the essential needs of life; food, shelter, education and healthcare. Not freedom, not security, but what comes before humanity can have either of these things, survival. Life long access to food, shelter, healthcare and education. There is enough. Basic needs are the least expensive and most abundant things a nation can provide its citizens. The Parallel Currency is a way to pay for it. A few countries are already trying to do this with their tax structures and laws, but a Parallel Currency would do it without taxation or inflation. With a stroke of a pen it can be initiated. It is a separate currency that can only be used for basic needs; their creation and distribution and is destroyed when it reaches a bank so it won't create inflation. It also will not inhibit the positive capabilities of existing currencies. They will function normally. The Parallel Currency would be a closed loop created for dignified human survival. A form of this is already used by the major developed nations to supply and sustain their large militaries. You are provided food, shelter, education and healthcare as long as you are employed by the military. China has built, in its isolation, a successful hybrid of Capitalism and Socialism controlled by its Communist government. In approximately 40 years they have brought their massive population out of poverty and become one of the most technologically advanced nations on the planet. Freedom of speech, freedom of religion are not enough. A government by the people, for the people, must also guarantee freedom from starvation, homelessness, and freedom from ignorance and curable illness. All things for which we have, as a human species, developed remedies. This is the overarching injustice of Capitalism. That these remedies exist and have been largely made possible by Capitalism but are not shared with all humanity. People have evolved beyond the war response to disagreements, but governments have not. By eliminating the tensions created by economic inequality with a Parallel Currency dedicated to providing survival needs Worldwide it is possible to see a new way. It is our responsibility to help economics and governments evolve with us. Susan Caumont Renew the Earth, renewthe-earth.org