The Next Step: A Plan for Economic World Federation

The author argues that rising economic interdependence and the failures of competitive national systems require reorganizing global economic life into a federation of producers' groups. He diagnoses postwar bankruptcy, inequality, and disrupted industry, then proposes democratic economic self-government with local initiative and a world parliament of worker-elected representatives. Detailed administrative boards would manage resources, transport, credit, budgeting and dispute adjudication, while experimentation, education and gradual reform would guide transition. The goal is economic emancipation: guaranteeing livelihood, reducing servility, promoting cooperative production and wiser consumption to free time for culture and collective social advancement.