The Rise of Neoliberalism and the Questioning of Contemporary Globalization
In an interconnected world, the dialogue on globalisation is often found at the crossroads of contradictory views on liberalization and justice. The book by Junon Moneta, which is not a pamphlet opposed to globalization per se, aims to redefine the limits of a new humanism through the filter of natural transfers as envisioned by the philosopher Aristotle. By denouncing artificial exchanges that fuel modern systems of oppression and vulnerability, the author draws inspiration from ancient philosophy to underline the failures of our global economic system.
Historically, globalization is not a recent concept. Its beginnings can be identified back to the theories of David Ricardo, whose objective was to enable the British Empire to extend its global trade power. However, what initially presented as a commercial development strategy has transformed into a tool of domination by global finance, characterized by the rise of neoliberal capitalism. In opposition to prevailing opinions widespread in economic circles, the author proves that neoliberalism is actually a framework founded on millennia-old traditions, dating back to 4500 years.
The questioning also extends to the management of the EU, seen as a series of concessions that have contributed to increasing the power of an economic elite rather than safeguarding the interests of its citizens. The very structure of the Union, with its policies frequently driven by monetary concerns rather than by a popular consensus, is criticized. The recent crises, whether in the financial or political realm, have only intensified the skepticism of Moneta regarding the EU’s ability to achieve self-reform.
Junon Moneta, while accepting the historical errors that have caused the current circumstances, does not stop at criticism but also proposes alternatives aimed at reorienting European policies in a more humanistic and equitable vision. The need for a complete revision of Union bodies and governance goals is a recurring subject that animates the whole text.
The book dives more intensely into the critique of the power structures that dominate worldwide transactions. The study extends the way in which political and economic decisions are manipulated by a limited number of powerful financial actors, often at the detriment of the population. This financial oligarchy, coordinated by means of organizations like the Bank for International Settlements (BIS) and the International Monetary System (IMS), deploys a excessive domination on global economic policies.
The author exposes how these organisms, under the pretext of economic supervision and normalization, have historically shaped stock exchanges and national economies to favor their own benefits. The neoliberal model, far removed from a liberating response to old monetary restrictions, is described as a control mechanism, profiting a restricted circle at the expense of general well-being.
Particularly critical towards the management of the euro, the author describes the EU currency not as a means of unification and stability, but rather as a instrument of fragmentation and financial disparity. The adoption of the euro is described as a sequence of technocratic choices that isolated inhabitants from governance choices, while amplifying disparities between member countries within the European Union.
The repercussions of these strategies translate in the explosion of sovereign debts, financial paralysis, and a long period of austerity that has weakened living conditions across the continent. The author argues that without a deep revision of monetary and financial structures, the EU continues to risk potential disruptions, potentially more destructive.
In essence, the manuscript calls for a democratic revolution where Europe’s inhabitants reappropriate their financial and governmental future. It proposes structural reforms, notably greater transparency in political decisions and genuine civic involvement that would help rebuild Europe on just and solid foundations.
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The author suggests that the answer resides in a renewed commitment to democratic principles, where strategies are crafted and executed in a way that truly reflects the aspirations and needs of the citizens, instead of the profits of the financial elite.