Thank you for your thoughtful and elaborate comments and insights.

I believe what you may be earmarking here is largely socialism at a global level. Capitalism is quite different than the proposal. Here is my understanding of why I say this:

Global Redistribution of Wealth: The idea of equal distribution of global fiat credit to every adult human being is in line with socialist ideals of redistributing wealth to achieve greater economic equality.

Central Role in Money Creation and Sovereignty: The model suggests a centralized approach to managing sovereign debt and money creation, akin to how socialist economies often involve central planning and state control over key economic aspects.

Universal Basic Income (UBI): Proposing a global basic income aligns with socialist principles, which advocate for ensuring that the basic needs of all individuals are met as a right, rather than as a commodity.

Equal Enfranchisement and Participation: The concept that every individual becomes an equally enfranchised participant in the global economy reflects socialist ideals of equal participation and the reduction of class distinctions.

Local Social Contracts with Ideological Flexibility: While the model allows for local social contracts to adapt various ideologies, the overarching global structure aims for a uniform economic foundation, reminiscent of socialist ideals where the state (or in this case, a global entity) plays a significant role in economic regulation and control.

Critique of Capitalist Structures: The model critiques current capitalist systems, focusing on wealth inequality and the control of economies by a few, aligning with socialist critiques of capitalism.

I have seen some nuance in your proposal from it becoming a communist model (unlike the global socialistic model). Which are: Decentralized execution of local contracts with local fiduciary responsibility and flexibility in local governance.

Treating human labor force as central theme of the models will face significant challenges in post Artificial Intelligence economies and also not sustainable even now. Most economic models which has failed to account for goods, services, and financial instruments, along with labor as central tenets cannot operate in free-market economies.

That said, this is a wonderful and well thought out option on what such a model can offer if implemented globally (As a research material).

Thank you 🙏