Economic development based on competition has failed to solve the dire problems of hunger, increasing mass poverty, social inequity and lack of a meaningful life for billions of people, while frantic consumption in developed places is driving the world to the edge of an environmental disaster.

A new international Consensus is needed to promote a holistic and inclusive development, to share the world resources more equitably and efficiently, to supply the essentials of life to all men and women regardless of their purchase power, and to provide monetary stability for a balanced economic development.

An emergency relief program, a Global Marshall Plan, a new world currency and a shared monitoring of the Global Commons are key to overcome the present multifaceted crisis and to establish effective economic justice and sustainable development. That alone will bring equity, balance and peace, and remove the specter of the present rampant chaos.