Some recent reporting:lurk
South Korea is again considering developing and manufacturing its own nuclear weapons. The cause is the growing instability of North Korea and South Korean fears that the United States won’t fulfill its pledge to attack North Korea with nuclear weapons if the North attacks South Korea with nukes. source
Of the total global inventory of an estimated 12 512 warheads in January 2023, about 9576 were in military stockpiles for potential use—86 more than in January 2022. source
China, India, North Korea, Pakistan and the United Kingdom, as well as possibly Russia, are all thought to be increasing their stockpiles. source
There are two things that we can be almost certain about:
- Very few people want to see a nuclear conflict, and
- the chances of a nuclear conflict are rising.
Why the disconnect between what most people want, and what we are very likely to get? In the nuclear policy arena, there is the self-entrenching idea of deterrence. 'If they were ever used they'd be failing in their purpose,' went the caption to a picture of UK nuclear-armed submarines lurking deep in the sea, in an advertisement for naval recruitment. Other countries have them, so we need them too. The logic is persuasive; the cost of not following it incalculably great - possibly. The problem is that very few of us have sufficient incentive to question this logic and to think of alternatives. There are organisations of all sorts, staffed by well-intentioned, hard-working people who do what they can, with their scanty resources, to minimise conflict. But they are institutionally bound to think and act along conventional lines.
What I propose is that we offer incentives for people to think of alternative approaches, all of which would have as their aim to reduce the likelihood of nuclear conflict as efficiently as possible. I have no idea how to halt the drift towards nuclear conflict, but I can suggest that we put in place a system that encourages and rewards people for researching, refining and implementing the most promising of such alternative approaches.
Nuclear Peace Bonds would be an ideal application of the Social Policy Bond concept, which is a way of rewarding verifiable outcomes that we are currently failing to achieve. In this instance, the targeted outcome could be nuclear peace sustained for thirty years. 'Nuclear peace' could be defined as something like 'the number of people killed within 24 hours by the detonation of a nuclear device is less than 500'. The bonds would reward those who achieve such a sustained period of nuclear peace, whoever they are and however they do so: only the outcome would be stipulated. For a short piece on how Nuclear Peace Bonds would work, please click here. For essays about applying the bonds to conflict in general, click here.
As well as pursuing activities the exact nature of which we cannot anticipate, investors in Nuclear Peace Bonds could do things that cannot be done by existing organisations, constrained as they are by precedent, and their perceived need to maintain their existence and so satisfy the bodies that fund them. So, for example, in today's world, nobody would have any incentive to bribe people close to decision makers in politics or the military to advocate nuclear disarmament. Likewise, an existing body is unlikely to try to get religious extremists to tone down their rhetoric, even if it believed that were the most efficient way of reducing the probability of nuclear conflict. The risk and consequences of exposure and backlash are too great for current institutions to bear. Holders of Nuclear Peace Bonds, however, would not be deterred from whatever actions they think most effective: funds to redeem their bonds could be held in escrow. Once nuclear peace had been achieved and sustained, their reward would be guaranteed.
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