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      Abstract of -
Financing the Transition

An illustrative Global Reorganization Project is described, modeled on the approach characteristically used to reorganize a troubled corporation by a receiver in bankruptcy. A trustworthy group of qualified and experienced individuals would be empaneled for the job. Since a global version of this process should radiate credibility, these individuals might be nominated by impeccable sponsors such as the Women’s League for Peace and Freedom, or the Philosophers for Peace society.

Recognizing that the reorganization will eventually come down to selecting a Global constitution, it's predictable that large sums will be spent to influence its provisions. While expenditures typical of a national election campaign can serve as a benchmark, a global scale campaign is bound to involve proportionately more money. This essay addresses the question of financing. We all know that campaign finance is a thorny issue and public financing is generally understood to be more democratic than simply letting the guys with deep pockets buy the outcome. Ewbank, therefore, suggests a public option.

Two elements of this option are dealt with in this essay. First, loans from general sponsors to be paid off by the prospective federal world government. Obviously risk in involved, so Ewbank proposes to pay interest and offer such sponsors special delegate seats in whatever eventual world parliament is convened.

Secondly, Ewbank proposes reasonable reimbursements for campaigns promoting or opposing particular proposals once they are certified as official contenders in the constitutional selection run-off. Why reimburse opposition efforts, you might ask? By bending over backwards to be fair to anti-federalists, and granting them participatory equality with those advocating world federalism, anti-federalists should be persuaded that the selection process has indeed mustered credible public support regardless of outcome.