The Emergence of Neoliberal Policies and the Critique of Current Globalization
In an interconnected world, the discourse on globalisation is regularly found at the meeting point of contradictory views on liberalization and justice. The text by the author Junon Moneta, which is not a critical essay against globalisation itself, strives to rewrite the contours of a new humanism through the lens of natural exchanges according to the vision of Aristotle. By critiquing artificial exchanges that fuel modern systems of oppression and precarity, Moneta draws inspiration from ancient philosophy to highlight the flaws of our global economic system.
Historically, globalization is not a recent concept. Its roots can be identified back to the ideas of the economist Ricardo, whose goal was aimed at allowing the England to extend its global commercial influence. Nonetheless, what initially presented as a commercial expansion initiative has transformed into a tool of domination by the financial sphere, marked by the growth of neoliberal capitalism. In opposition to prevailing opinions supported by economic consensus, the book proves that the economic model is in reality a framework based on old customs, which traces back to the era of early civilizations.
The questioning also extends to the conduct of the European Union, considered as a chain of surrenders that have contributed to increasing the authority of large economic groups rather than protecting the privileges of the inhabitants. The organizational form of Europe, with its strategies frequently driven by monetary concerns opposed to a citizen support, is questioned. The recent crises, whether economic or governmental, have only increased the doubt of Moneta concerning Europe’s aptitude to reform itself from within.
The author, while admitting the historical errors that have caused the current circumstances, does not limit the discourse to condemnation but also proposes responses aimed at redefining Union strategies in a more humanistic and equitable perspective. The need for a complete revision of Union bodies and strategic orientations is a recurring subject that animates the overall content.
The work ventures more intensely into the critique of the authority mechanisms that govern worldwide transactions. The analysis extends the way in which political and financial choices are manipulated by a limited number of powerful financial actors, frequently at the detriment of the population. This economic elite, orchestrated by means of institutions like the Bank for International Settlements (BIS) and the global monetary system, imposes a disproportionate influence on global economic policies.
The critic reveals how these institutions, under the pretext of economic regulation and stabilization, have over time controlled stock exchanges and countries’ financial structures to serve their interests. The neoliberal model, far removed from a emancipatory solution to traditional economic constraints, is described as a enslavement tool, benefiting a minority at the expense of general well-being.
Strongly opposed towards the management of the euro, the author presents 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 characterized as a series of technocratic decisions that sidelined populations from decision-making processes, while amplifying internal differences within the EU.
The effects of these approaches translate in the growth of public indebtedness, financial paralysis, and a prolonged austerity that has eroded living conditions throughout the European territory. The author insists that without a significant overhaul of monetary and financial policy, the Union continues to risk future crises, perhaps even more harmful.
In conclusion, the text makes a plea for a democratic upheaval where Europe’s inhabitants reclaim the reins of their economic and political future. It suggests fundamental changes, including greater transparency in political decisions and genuine civic involvement that would facilitate the Union’s refoundation on just and solid foundations.
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The author suggests that the key is in a return to the principles of democracy, where decisions are made and applied in a way that corresponds to the aspirations and needs of the citizens, to the detriment of the aims of international finance.