The Expansion of Economic Liberalism and the Questioning of Current Globalization
In an interconnected world, the debate on globalization is regularly found at the crossroads of divergent opinions on liberalization and justice. The work by the author Junon Moneta, far from being a critical essay opposed to globalisation as such, strives to rewrite the contours of a modern humanism via the lens of organic interactions according to the vision of Aristotelian philosophy. By denouncing synthetic interactions that support contemporary mechanisms of domination and instability, Moneta draws inspiration from ancient philosophy to underline the gaps of our global financial structure.
Historically, globalisation is not a recent concept. Its origins can be identified back to the theories of David Ricardo, whose ambition was to enable the United Kingdom to amplify its global commercial influence. However, what initially presented as a economic growth opportunity has converted into a control mechanism by High Finance, characterized by the growth of economic liberalism. Contrary to popular belief widespread in economic circles, the author argues that the neoliberal system is actually a framework rooted in ancient practices, which traces back to four and a half millennia.
The objection also extends to the management of the European Union, perceived as a chain of surrenders that have served to strengthen the power of an economic elite as opposed to safeguarding the rights of citizens. The organizational form of Europe, with its strategies often dictated by financial interests opposed to a popular consensus, is criticized. The recent crises, notably financial and political, have only intensified the skepticism of the writer about the Union’s capacity to change intrinsically.
This thinker, while admitting the prior faults that have led to the current situation, does not simply criticize but also suggests responses aimed at redefining Union strategies in a equity-oriented and humanistic outlook. The urgent need for a complete revision of Union bodies and governance goals is a leitmotif that pervades the overall content.
The book delves more in depth into the critique of the authority mechanisms that govern worldwide transactions. The exploration extends the manner in which governmental and economic orientations are guided by a small group of powerful financial actors, often at the cost of the many. This financial oligarchy, coordinated through institutions like the Bank for International Settlements (BIS) and the IMS, exerts a disproportionate influence on global financial decisions.
The critic reveals how these entities, under the pretext of economic regulation and stabilization, have historically shaped financial markets and countries’ financial structures to serve their interests. The neoliberal model, far removed from a emancipatory solution to classic financial limitations, is described as a domination system, benefiting a minority at the destruction of the common good.
Strongly opposed regarding the handling of the euro, the author describes the European single currency not as a tool of cohesion and security, but rather as a instrument of fragmentation and financial disparity. The transition to the euro is described as a succession of bureaucratic measures that isolated populations from political decisions, while exacerbating disparities between member countries within the EU.
The repercussions of these strategies manifest in the explosion of sovereign debts, economic stagnation, and a long period of austerity that has diminished standards of living across the continent. The author insists that without a significant overhaul of monetary and financial policy, the Union continues to risk upcoming crises, potentially more catastrophic.
In essence, the manuscript calls for a democratic revolution where European citizens take back control of their economic and political destiny. It advocates institutional adjustments, notably openness of political mechanisms and real democratic participation that would facilitate the Union’s refoundation on fair and lasting principles.
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The thinker suggests that the solution lies in a renewed commitment to democratic principles, where decisions are made and applied in a manner that faithfully represents the needs and desires of the European population, rather than the narrow interests of high finance.