Khanna believes that micro-level volunteer efforts will be more successful.<br /><br />Parag Khanna: There have been efforts. The most famous is the toban tax, for example, which attempted to create an infinitesimally small tax on global capital flows. <br />The French have experimented with it, and they have decided on means that tax capital, they are taxing flight tickets a small percentage, and that's going into a Poverty Alleviation sort of fund. <br />So there are ideas out there. I don't know if one body can regulate any such thing. I think that smaller micro, volunteer efforts are going to yield more success and faster and more efficiently than any notion of a new institution or body or inter-governmental organization. I'll tell you why. <br />The reason is because globalization cannot be centrally controlled. So the United Nations and any other singular institution that wants to be the hub for an issue; now we are the center of where global securities regulated; this is where international traders are--these things will always fail because globalization cannot be controlled from a central point. <br />Central institutions, the way we think of them, the way we think of global governance, will fail until it adopts to globalization itself. <br /> <br />Recorded on: 3/3/2008<br /><br />Parag Khanna: There have been efforts. The most famous is the toban tax, for example, which attempted to create an infinitesimally small tax on global capital flows. <br />The French have experimented with it, and they have decided on means that tax capital, they are taxing flight tickets a small percentage, and that's going into a Poverty Alleviation sort of fund. <br />So there are ideas out there. I don't know if one body can regulate any such thing. I think that smaller micro, volunteer efforts are going to yield more success and faster and more efficiently than any notion of a new institution or body or inter-governmental organization. I'll tell you why. <br />The reason is because globalization cannot be centrally controlled. So the United Nations and any other singular institution that wants to be the hub for an issue; now we are the center of where global securities regulated; this is where international traders are--these things will always fail because globalization cannot be controlled from a central point. <br />Central institutions, the way we think of them, the way we think of global governance, will fail until it adopts to globalization itself. <br /> <br />Recorded on: 3/3/2008
