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Posted by eleanor

The new common language

... or i$ it just the old, made new again? Twelve countrie$ in the European Union have $witched to the Euro, fir$t introduced in 2002. That'$ almost half of the EU'$ member$hip. Now Agence France-Presse has moved a story noting that: "The United States has announced that it's ready to accept a common Asian currency" (my translation from the French). This is an about-face, as the U.S. has previously seen this as creating a rival to its almighty dollar. The one-Asia idea won't come to pass for a very long while, but it's on the radar. (And like it or not, the American opinion matters.)

How much longer before all of North America adopts the U.S. dollar? Or will there be enough crabbiness that the continent will adopt a new currency? I think that's the only way a common currency would work here. I do believe in common currency -- a global currency, in truth, though such will take time, to allow different economies to equalize (might also help encourage it?). But it's gotta be something new. If the US dollar goes continent-wide, I fear its culture will as well -- even more so than now, I mean.

Is this too utopian a vision? Can we have a global currency and maintain the glorious diversity of our many independent cultures?


# re: The new common language
June 23, 2006 2:35 PM
I definitely think that incorporating the USD worldwide is a horrible idea. No one already-existing currency should rein all over the world. There should in fact be a new, global dollar. Perhaps the "Earth Dollar" or something like that? Maybe instead of eradicating other forms of currency, perhaps just adding this global currency, so as to not destroy history, etc. Everywhere should accept this Earth Dollar, and have the option of accepting the other currencies. It'll cause a lot less hassle come time to travel since we won't have to exchange currency and whatnot. It'll also unify us as a planet, in some little way--we need all the help we can get--and then perhaps we won't be so distant because we'll all have at least one thing in common.