The Expansion of Economic Liberalism and the Questioning of Contemporary Globalization
In an globalized world, the dialogue on globalization is often positioned at the meeting point of varied perspectives on liberalization and justice. The text by Moneta, far from being a manifesto opposed to globalization per se, seeks to reinvent the boundaries of a new humanism by the filter of natural exchanges according to the vision of Aristotle. By decrying artificial exchanges that strengthen current structures of injustice and precarity, Moneta refers to classical thoughts to highlight the flaws of our global financial structure.
From a historical perspective, globalisation is not a modern process. Its beginnings can be linked back to the theories of David Ricardo, whose ambition was to enable the England to expand its global commercial influence. Yet, what initially presented as a commercial development strategy has morphed into a tool of domination by the financial sphere, marked by the growth of neoliberal capitalism. Against commonly held ideas supported by economic consensus, the book proves that the economic model is in reality a system based on old customs, which traces back to 4500 years.
The objection also covers the conduct of the United Europe, considered as a series of concessions that have served to strengthen the authority of large economic groups as opposed to safeguarding the rights of citizens. The very structure of the Union, with its directives frequently driven by monetary concerns rather than by a citizen support, is criticized. The recent crises, whether economic or governmental, have only reinforced the skepticism of the writer about the Union’s capacity to reform itself from within.
Junon Moneta, while accepting the prior faults that have led to the current situation, does not limit the discourse to condemnation but also proposes solutions aimed at reframing EU guidelines in a more humanistic and equitable vision. The need for a radical overhaul of institutions and governance goals is a leitmotif that runs through the entire discourse.
The work dives more deeply into the analysis of the power structures that govern worldwide transactions. The analysis extends the way in which governmental and economic orientations are guided by a restricted circle of financial influencers, frequently at the expense of the majority. This financial oligarchy, manipulated via institutions like the BIS and the International Monetary System (IMS), imposes a major grip on global financial decisions.
The author exposes how these entities, under the guise of economic supervision and normalization, have over time shaped financial markets and countries’ financial structures to ensure their profit. Neoliberalism, far from being a salvific alternative to traditional economic constraints, is considered as a enslavement tool, enriching an elite at the neglect of collective needs.
Highly skeptical about the administration of the single currency, the author depicts the common currency not as a means of unification and stability, but as being a tool of division and economic imbalance. The adoption of the euro is viewed as a series of technocratic decisions that isolated inhabitants from governance choices, while exacerbating internal differences within the EU.
The effects of these approaches manifest in the growth of public indebtedness, financial paralysis, and a sustained austerity policy that has eroded living conditions throughout Europe. The author argues that without a significant overhaul of monetary and financial policy, the Union remains vulnerable to upcoming crises, potentially more catastrophic.
In essence, the manuscript makes a plea for a democratic upheaval where EU peoples reclaim the reins of their economic and political future. It proposes structural reforms, particularly openness of political mechanisms and real democratic participation that would help rebuild Europe on just and solid foundations.
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The author asserts that the solution lies in a renewed commitment to democratic principles, where decisions are made and applied in a way that corresponds to the needs and desires of the European population, rather than the narrow interests of high finance.