Global Commonwealth: A DFI‑Based Clearing Union for Symmetric Development

The dollar‑centric financial order entrenches asymmetry, externalises ecological costs, and records defensive load as growth. This paper proposes a counter‑model: a Global Commonwealth built on four structural invariants — Visibility, Symmetry, Contestability, and Repair — extended to the planetary scale. At its core is a Neutral Clearing Union with a Bancor unit of account, whose exchange rates are determined not by speculation but by each nation's value efficiency (nF/TPE), measured through Durable Flourishing Indices (DFIs). Surpluses trigger automatic demurrage, reinvested into repair. New Bancors are minted only when defensive load decreases, aligning currency creation with flourishing. The Five Articles of Perpetual Commonwealth articulate reciprocity, law, visibility, dialogue, and repair as functional prerequisites for trust among nations. For BRICS and the Global South, this architecture offers a cooperative alternative to IMF conditionality and neoliberal austerity: debt denominated in flourishing, not dollars. The paper outlines institutional prototypes — Moralogy Institute, Court of Repair, Neutral Clearing Union — and sketches pathways for pilot implementation within BRICS+ frameworks.