The "Real" Tragedy of the Commons: Can a Dual Currency System Achieve a Pareto-superior Equilibrium?

Global common public goods (like quality education, clean energy and gender equality) formed the basis of the 17 Sustainable Development Goals (SDGs) agreed by world leaders in New York in 2015. In this video, noting that proposed levels of investment in SDGs are grossly insufficient, STEFAN BRUNNHUBER argues that a redesign of our monetary system would make realization of the SDGs more likely. Analyzing the ways in which prevailing models lock us in to inefficiency, Brunnhuber proposes a redesign of the monetary system whereby a dual currency operating on fourth generation distributive ledger technology would operate in parallel to the existing regime. With much greater potential to recognize the actual worth of common goods, the new system would not only bring economic benefits but would allow us to live in a more sustainable, more peaceful and a fairer world.