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The Monfort Plan: The New Architecture of Capitalism

The Monfort Plan: The New Architecture of Capitalism

Jaime Pozuelo-Monfort

ISBN: 978-1-119-19746-1

Aug 2015

504 pages

Select type: O-Book



The Monfort Plan is a five-year, forward looking plan to eradicate extreme poverty from the developing world, and details how microfinance has made a difference to developing countries. This book proposes a new institution based in the developing world with the potential to provide a basic, free, and universal service in the areas of water, sanitation, healthcare, and education to the extreme poor worldwide. The provision will be subject to a certain degree of conditionality in areas ranging from corruption to legal environment. The new institution will be established in a new international territory based within a specific country in Subsaharan Africa and will emerge in 2015.

In The Monfort Plan author Jaime Pozuelo-Monfort engineers and designs a solution to lessen the burden of poverty. In order to do so he relies on the social sciences to bring about innovation and forward looking economic policies and financial instruments in the context of a paradigm shift. This book presents a multidisciplinary approach to policymaking that combines a range of fields in the social sciences, looking at the history behind the Marshall Plan, the formation of the European Union, and the Bretton Woods Institutions, in order to determine how a Marshall Plan for Africa-and the creation of New Institutions in the developing world-could work. We live a moment of crisis in which creative policymaking might prove useful when proposing outcomes for a revitalized framework for capitalism to thrive and better serve the world.

  • Walks you through the technicalities of the new architecture of capitalism in a straightforward manner
  • Provides a holistic view of how microfinance combined with the right economic policies and financial instruments could help change the world for the poor
  • Contains sweeping and detailed recommendations on how to build a new capitalist paradigm that helps elevate the poor and improve the human condition

Incorporating commentary from some of the top minds in the field of microfinance, this book puts the method of microfinance in perspective.

Foreword xi

Preface xiii

A New Generation xiv

It Is Time xv

PART ONE A New Paradigm 1

CHAPTER 1 Bretton Woods and the Washington Consensus 3

CHAPTER 2 Redefining Capitalism 15

CHAPTER 3 Globalization and Poverty 23

CHAPTER 4 The Reality of Aid 37

CHAPTER 5 The World’s Income Distribution 51

PART TWO The Axis of Feeble 63

CHAPTER 6 Agriculture 65

CHAPTER 7 Trade Liberalization and Labor Rights 91

CHAPTER 8 Small Arms Trade 109

CHAPTER 9 The Extractive Industries 123

CHAPTER 10 Financial Architecture 135

CHAPTER 11 Brain Drain 149

PART THREE Reform 161

CHAPTER 12 Lobbies and Elites 163

CHAPTER 13 Institutional Reform 175

CHAPTER 14 The Sleeping Beauty 191

CHAPTER 15 The Third Sector 203

PART FOUR The Building Process 217

CHAPTER 16 Marshall Revisited 219

CHAPTER 17 The Annan Plan 239

CHAPTER 18 A Eutopia of Universal Welfare 265

CHAPTER 19 The New Institution 283

CHAPTER 20 Conditionality 303

PART FIVE Financing Eutopia 313

CHAPTER 21 Collateral 315

CHAPTER 22 The Yunus: A New Currency for the Poor 333

CHAPTER 23 Microsavings Insurance 349

CHAPTER 24 The Decem Series 361

CHAPTER 25 Innovative Financing 373

PART SIX Decemland 387

CHAPTER 26 The New International Territory 389

CHAPTER 27 Islands of Peace 397

CHAPTER 28 The Race of the Century 407

CHAPTER 29 The Monfort Team 421

CHAPTER 30 The New Economic Architecture 433

Notes 443

Bibliography 453

About the Author 475

Index 477