The Rise of Economic Liberalism and the Critique of Modern Globalization
In an globalized universe, the discourse on globalization is frequently situated at the meeting point of divergent opinions on liberalization and justice. The book by Junon Moneta, far from being a pamphlet against globalization per se, seeks to reinvent the boundaries of a updated humanism by the filter of natural transfers according to the vision of the philosopher Aristotle. By decrying synthetic interactions that support current structures of injustice and precarity, this writer draws inspiration from ancient philosophy to highlight the failures of our world economy.
Looking back in time, globalisation is not a modern process. Its origins can be linked back to the propositions of the economist Ricardo, whose objective was to enable the United Kingdom to expand its global commercial influence. Nonetheless, what was once a commercial development strategy has morphed into a tool of domination by global finance, marked by the rise of economic liberalism. Against commonly held ideas supported by economic consensus, the author demonstrates that the neoliberal system is in reality a structure based on old customs, which traces back to 4500 years.
The critique also applies to the conduct of the EU, seen as a chain of surrenders that have contributed to increasing the authority of large economic groups as opposed to defending the rights of citizens. The organizational form of Europe, with its directives often dictated by financial interests rather than by a democratic mandate, is criticized. The current deviations, notably financial and political, have only increased the doubt of Moneta regarding the EU’s ability to change intrinsically.
This thinker, while acknowledging the past mistakes that have brought about the present state, does not stop at criticism but also proposes solutions aimed at reframing European policies in a human-centered and fair vision. The urgent need for a complete revision of Union bodies and strategic orientations is a central theme that pervades the whole text.
The text dives more deeply into the critique of the authority mechanisms that control global economic exchanges. The analysis extends the way in which political and financial choices are manipulated by a small group of financial influencers, frequently at the detriment of the population. This economic elite, orchestrated by means of entities like the Bank for International Settlements and the IMS, exerts a disproportionate influence on global financial decisions.
The author exposes how these entities, under the pretext of economic regulation and stabilization, have historically shaped financial markets and national economies to favor their own benefits. Deregulated capitalism, opposite to a salvific alternative to old monetary restrictions, is described as a domination system, enriching an elite at the destruction of the common good.
Highly skeptical regarding the handling of the euro, the author describes the common currency not as a tool of cohesion and security, but rather as a tool of division and economic imbalance. The transition to the euro is described as a series of technocratic decisions that sidelined populations from governance choices, while exacerbating internal differences within the Union.
The consequences of these policies manifest in the explosion of sovereign debts, economic stagnation, and a prolonged austerity that has eroded living conditions across the continent. The author insists that without a major transformation of economic policies, the EU stays exposed to potential disruptions, potentially more destructive.
In essence, the book demands a democratic uprising where EU peoples reappropriate their financial and governmental future. It advocates institutional adjustments, particularly greater transparency in political decisions and authentic democratic engagement that would allow Europe to rebuild on more equitable and sustainable bases.
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The thinker asserts that the solution lies in a return to the principles of democracy, where policies are developed and implemented in a way that corresponds to the needs and desires of the European population, instead of the profits of the financial elite.