Financial, Economic and Social Mood Update (June 1, 2026)
In last month’s blog I discussed the historical background for representative government on earth going back to its beginnings in the modern era. We also discussed supra-national and world government entities which are necessary to tackle all-important issues which affect all life on earth – to reach a more just distribution & use of income and wealth, to address the real issue of environmental degradation and to use our resources more wisely to improve the overall standard of living for everyone with no exceptions. The goal here is more fairness, more inclusion, more equity, more sanity, more stability, mutual respect, prosperity for all and for a final end to war and armed conflict.
The main global governmental body since 1945 is the United Nations (UN) which is based in New York City. The UN has 193 member and 2 observer nations – some of these nations in turn have dependent territories (formerly called “colonies”).
The supra-national regional entity which has evolved the furthest to date is the European Union (EU). The EU was formally established in 1952 and today has 27 member nations with a combined human population of 451 million. The EU has its administrative base in Brussels, its central bank in Frankfurt, its judiciary in Luxembourg and its parliament in Strasbourg. The United Kingdom (UK) may soon seek to rejoin the EU. Greenland (an autonomous country within the Danish Realm) may also seek to join the EU. There are a number of other countries now applying for EU membership. These include Montenegro, Albania, Serbia, Moldova, North Macedonia, Ukraine, Bosnia-Herzegovina, Georgia, Kosovo and Turkey. Beyond this are countries contemplating possible application to the EU including Norway, Iceland, Armenia, Belarus, Canada, Russia, San Marino, Switzerland, the Faroe Islands (part of the Danish Realm), the Dutch Caribbean Territories (the ABC Islands plus Sint Maarten) and New Caledonia (a Pacific Ocean overseas territory of France). All of these countries would increase the combined population of the EU to almost 873 million.
Aside from the EU is the “Group of 77” – an organization with 134 member countries first established in 1964 with its headquarters in Geneva, Switzerland. The Group of 77 includes the “global south” comprising Central America, the Caribbean, South America (Mercosur), Africa (the African Union), the Middle East / Persian Gulf, part of Central Asia, the Indian subcontinent (South Asia), East Asia (includes China) and Southeast Asia (ASEAN). The estimated combined population of the Group of 77 is 6.194 BILLION people.
The Commonwealth of Independent States (CIS) represents most but not all of the former Soviet Union. It is based in both Moscow and Minsk and has 9 member countries, one associate country and a combined population of 252 million.
The only remaining regions of the earth outside of those listed above include the USA (342 million people), Mexico (132 million people) and Oceania (Australia plus the island nations of the world with 44 million inhabitants). The combined total human population of the world is thus about 7.682 BILLION.
The concept of monetizing the earth’s assets with the goals of a more equitable distribution of income & wealth, environmental conservation and expanded formal education is now in the process of building a monetary framework. This proposal has been shared with the United Nations plus with the governments of the Philippines, Australia, Papua New Guinea and Bougainville. These countries have a combined population of at least 162 million.
Here are some informative videos from the past month. The Trump Administration effort to avoid the onset of battery electric vehicle (BEV) technology is 1) hampering automakers in the west in general and in the USA in particular while 2) the auto industry in mainland China charges forward. Chinese vehicles are a big hit in many countries including in Canada and Mexico. American consumers on our borders see those vehicles and wish they were sold here: https://www.instagram.com/p/DAGlsz4tKIB/.
Mexico is emerging as even more of an important investment hub to supply the American consumer market. Many of the companies setting up shop in Mexico are of course Chinese, which is normal and expected: https://www.youtube.com/watch?v=UBNp7mP68M0.
Here is an excellent interview with Andrew Yang, who ran for President of the USA in the Democratic primaries in 2024. He says that 80 to 90 percent of Americans have already been left behind by “crony capitalism” and encourages his fellow billionaires to support wealth sharing efforts similar to those I have highlighted in my most recent monthly blogs. This must be done for common decency and to preserve the social peace. The middle class worldwide is effectively gone, with planet earth having about 98 percent of its people in the lower classes and the former middle classes: https://www.youtube.com/watch?v=E0HjYVX6EFU&t=3s.
Here is a very good video analyzing the American political landscape. Donald Trump and MAGA are effectively killing the GOP. What emerges after 2026 and 2028 will likely be a political landscape more similar to that of Canada – a large liberal or left party competing with a smaller mainstream moderate party: https://www.youtube.com/watch?v=Eltr9Qo8E-A&t=5s.
