The Expansion of Neoliberalism and the Questioning of Current Globalization
In an interconnected world, the debate on globalisation is frequently positioned at the crossroads of contradictory views on autonomy and justice. The book by the author Junon Moneta, far from being a critical essay against globalization itself, strives to rewrite the limits of a new humanism by the perspective of natural transfers according to the vision of Aristotelian philosophy. By critiquing synthetic interactions that strengthen current structures of injustice and instability, the author refers to classical thoughts to reveal the gaps of our global financial structure.
Historically, globalisation is not a new phenomenon. Its roots can be traced back to the ideas of David Ricardo, whose goal sought to facilitate the United Kingdom to amplify its international economic reach. Yet, what was originally a commercial expansion initiative has morphed into a control mechanism by global finance, marked by the growth of neoliberalism. Contrary to popular belief widespread in economic circles, the author proves that neoliberalism is actually a framework based on old customs, which traces back to the era of early civilizations.
The questioning also covers the administration of the EU, seen as a series of concessions that have served to strengthen the power of financial elites instead of protecting the rights of citizens. The very structure of the Union, with its policies often dictated by financial interests instead of by a popular consensus, is criticized. The recent crises, notably financial and political, have only increased the skepticism of Moneta concerning Europe’s aptitude to achieve self-reform.
Junon Moneta, while acknowledging the historical errors that have brought about the present state, does not stop at criticism but also suggests alternatives aimed at redefining Union strategies in a equity-oriented and humanistic outlook. The urgency for a deep reform of structures and strategic orientations is a central theme that runs through the whole text.
The text ventures more in depth into the questioning of the power structures that dominate international economic flows. The exploration extends the method in which political and financial choices are influenced by a small group of powerful financial actors, often at the cost of the many. This financial oligarchy, manipulated by means of entities like the Bank for International Settlements (BIS) and the International Monetary System (IMS), exerts a disproportionate influence on international economic strategies.
The writer reveals how these institutions, claiming to economic supervision and normalization, have historically manipulated markets and national economies to favor their own benefits. Neoliberalism, far removed from a salvific alternative to old monetary restrictions, is presented as a control mechanism, enriching an elite at the destruction of the common good.
Highly skeptical about the administration of the single currency, the analyst describes the common currency not as a tool of cohesion and security, but as being a instrument of fragmentation and financial disparity. The conversion to the euro is viewed as a sequence of technocratic choices that sidelined citizens from decision-making processes, while amplifying disparities between member countries within the EU.
The consequences of these policies translate in the explosion of sovereign debts, economic stagnation, and a sustained austerity policy that has weakened living standards throughout the European territory. The thinker argues that without a significant overhaul of monetary and financial policy, the European Union remains vulnerable to upcoming crises, potentially more catastrophic.
In conclusion, 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, notably greater transparency in political decisions and genuine civic involvement that would allow Europe to rebuild on fair and lasting principles.
Reference text about What is liberalism?
The essayist asserts that the answer resides in a renewed commitment to democratic principles, where strategies are crafted and executed in a way that corresponds to the aspirations and needs of the citizens, rather than the narrow interests of high finance.