All Countries Should Use the Same Currency

Great constructive Subutai! I stand affirmed, that 'All countries should use the same currency'. Unlike my opponent I will not focus on any specific established currency. The resolution does nothing to indicate the adoption of an already established currency, so under the suspension of belief anything could suffice. My interpretation (and my opponent may feel free to reject this definition) of the work 'should' will be something that is a good idea. Meaning that my opponent and I have no obligation to outline a policy to support our advocacy, just whether or not a universal currency would be a good or bad idea. First: A Universal currency would be convienent- There are a lot of different kinds of money used all across the world[1], and in many cases you'll see neighboring nations using different types of money[1]. This doesn't seem like all to be of a problem at first, but the truth is it's a big hassle. Unless one intends to say in their own country they're required to exchange a certain portion of their money every time they go to a different country. With a common currency, exchange rates would be a thing of the past. Money would just be money. [1] . http://en.wikipedia.org... In many cases private businesses are forced to only operate under their nation's approved currency, lest they face severe threats from not only their fellow citizens, but their own government[2]. This happens for a variety of reasons, including tax codes, social order an racism. However the common thread among these are that they are problems which can be easily solved with a common currency. Governments could tax citizens based on their revenues and surround people would be none the wiser as to the source of the money. [2] . http://abclocal.go.com... Second: A Universal currency would solve dishonest trade tactics- China has consistently undermined the global economy by artificially keeping the Yuan low. It is undeniable that the strength of the Yuan has steadily increased over the past decade as first world countries have become more and more dependent on China as a producer of goods, so the Yuan's low value isn't logical. By suppressing the yuan, the Chinese are able to market goods at a much lower price (as well as quality), which harms producers of nations with higher currencies. The United States and the European Union can't be expected to keep up! [3] . http://www.nytimes.com... Another dishonest tactic which would be deterred, would be the abuse of the stock market[4]. With a common currency set at a flat rate, those involved in the stock market would be discourages from manipulating prices and currencies of various currencies and commodities[5]. [4] . http://www.ashgate.com... [5] . http://en.wikipedia.org... Third: A Universal currency would encourage cultural diffusion- The argument here is very simple, when everyone has the same standard for what money is, you can spend your money anywhere you want. I spoke briefly in my first argument about how neighboring countries will often use different forms of currency, examples would be Norway and Sweden[6]. Despite being very near neighbors and even calling their money by the same name (Krone) there exists a gap in the value of their money. For one who would travel between the countries often (which is often the case among European nations) this would be a hassle. Citizens would be forced to carry both currencies out of necessity. [6] . http://themoneyconverter.com... More than however, the banking institutions of some nations are so drastically different, that tourists are often hard pressed to get access to their own money when in another country. For instance, in Japan most stores operate in cash only paradigm[7] with very few accepting credit or debit. So if you run out of money you're basically SOL. Now I know you're thinking 'why not just use an ATM? well even this draws a problem as many Japanese banks have been hesitant to incorporate ATMS, and those that have keep them inside the bank itself[8]. So if your bank is closed, you're not getting any money, and most Japanese banks only operate from 9am to 3pm. [7] . http://www.tripadvisor.com... [8] . http://www.justlanded.com... Essentially if you could use your money anywhere, you would be more otivated to use is anyway where. There are other domestic examples as well, such as certain institutions not accepting credit cards or checks, but I'm running out of room. Fourth: A Universal currency would encourage equality. A survey of the cost of food among several nations reveals a not so surprising gap in the prices paid by different families[9]. From more than $500 dollars a month in Germany to only $29.00 in Mali. With a universal standard of currency we could better see different culture's standard of living and classify people on a global scale. [9] . http://formyhour.com... This would created a more distinct summary of need when delivering foreign aid, and make it easier to promote equality those who have different needs. It would definitely make those involved in the occupy movement drop the 99% moniker, as it would show that while there may be a one percent, not too many Americans dip below the 81st percentile themselves[10] [10] . http://www.economist.com... The incentive to take care of one's own problems is the most glaring impact here, but the subsidiary benefits trail into charity as well as tax reform. In conclusion I have shown that all countries should use the same currency by pragmatic advantage.