Thread by @michael_galant

ICYMI: Last week, the @ProgIntl inaugurated a new global process toward a New International Economic Order fit for the 21st century.

My role is modest, but I'm proud to play a part in this urgently needed initiative. Watch the #NIEO launch event here:

50 years ago, the nations of the Third World came together in a moment of crisis to envision a radical restructuring of the global economy: a NIEO

In the midst of our own crisis, we ask: what should a new NIEO look like, and how do we make it a reality?

The event was kicked off by @davidrkadler, who invoked the celebrated Salvador Allende 1972 UN General Assembly speech, delivered mere blocks away, 50 years ago that very week.

How — David asked — do we understand the legacy of the NIEO, and revitalize its vision today?

Dr. Vasuki Nesiah reflected on the NIEO as embodying "a nationalism embedded in tricontinental internationalism... optimistic about the possibilities of collective action to transform the institutional arrangements of international society and legislate towards alternate futures"

"In the spirit of Bandung, I would like to talk about the world anew," continued @ecuarauz. "We need to find a space for nonalignment, but not just a boring and dull nonalignment" — "a decolonial, demilitaristic, nationally sovereign and regionally integrated nonalignment."

Among Arauz's proposals for "collective but unilateral action from the South" were:
— Ending ISDS
— Terminating investment treaties
— Reclaiming central banks
— Forming regional moneys
— Creating a "Wikileaks for climate tech"
— Moving @UN to the Global South
& much more

Professor @MonaAli_NY_US warned of the forces arrayed against such a project — most notably, the weaponization of global finance and the US dollar, particularly via sanctions.

UN Permanent Representative of Bolivia @DiegoPary — and his counterparts from 🇨🇺,🇻🇪,🇭🇳, & more — spoke of their nations' experiences forging alternative, sovereign development paths, and the struggle to survive the backlash that these projects provoked from the imperial core.

Joining by video, @Jayati1609 declared that "the existing structures of multilateralism are simply not working." "There has never been a more important time" to build toward "a new multilateralism" and a "genuinely progressive alternative."

These are just a few of the many wonderful leaders and scholars who took part in last week's event — for whom we're very grateful.

But this initiative is not just a one-time collection of nice speeches — it's the beginning of a multi-year, multilateral process toward a new NIEO.

We are thrilled to share that this process continues next month with a "Congress on the New International Economic Order" in Havana, Cuba 🇨🇺 as the country prepares to take over the G77 presidency.

Subscribe here & stay tuned for details on this & more 🙂
act.progressive.international/nieo/