Yes, you read that right. The Global Challenges Foundation, founded by the Swedish billionaire László Szombatfalvy, has launched an international competition in order to find a better system for world governance. As Szombatfalvy writes in a letter published on the Foundation’s website:
The greatest threats we face today transcend national boundaries; they therefore need to be addressed jointly by all countries based on an increased realization of our mutual dependence. […] Our current international system – including but not limited to the United Nations — was set up in another era following the Second World War. It is no longer fit for purpose to deal with 21st century risks that can affect people anywhere in the world. We urgently need fresh new thinking in order to address the scale and gravity of today’s global challenges, which have outgrown the present system’s ability to handle them.
The Global Challenges Prize 2017: A New Shape is calling on individuals, groups of individuals, universities, companies or associations from anywhere in the world to submit proposals outlining an alternative world governance model – either by revising the present UN system, or by proposing completely new forms of governance. The new model should be able to effectively address some of the most pressing global problems (like climate change, population growth, extreme poverty) by making it possible for nations to make collectively binding, long-term decisions that take into account the interests of all those affected, including future generations.