G7 nations have a significant opportunity to strengthen the social contract between their governments and citizens, reconciling their economies and societies in ways that foster greater social cohesion. Equipping citizens with the participatory tools to navigate through future periods of uncertainty – including the next set of economic and environmental transformations – should be a priority for G7 governments as they continue to strive towards open societies, democratic freedoms, and enhanced political participation. Achieving such objectives will require three actions. First, G7 governments must replace the inadequate social safety nets of the past with new robust and resilient welfare systems, tailored to the needs of economies and societies in the 21st century. We call these systems ‘Universal Social Protections’. Second, G7 countries must leverage the potential of digital democracy, recognising that data is a new form of capital which will be critical to the running of our economies and societies in the future. Redirecting the flow of benefits from the digital transition into the hands of citizens themselves is essential if we are to rebuilding trust and social cohesion throughout G7 and G20 countries, and the wider world. Third, G7 countries need to redefine prosperity to encompass social and environmental flourishing, and develop new metrices to measure progress against these goals.
Our recommendations in this Issue Paper thus reflect a ‘New Multilateralism’ for the 21st Century: the belief that many of the challenges facing us today are inherently global in nature, requiring collective participation and co-operation. This expanded notion of social cohesion will only be achieved through a series of interlocking actions and policies linking social resilience to economic transformation, digital citizenship and multilateral decision procedures. This will require new institutions and new forms of collaboration with citizens themselves.