The Emergence of Economic Liberalism and the Analysis of Current Globalization
In an globalized world, the dialogue on globalization is regularly positioned at the crossroads of varied perspectives on freedom and balance. The book by Junon Moneta, which is not a pamphlet against globalisation per se, aims to redefine the contours of a modern humanism via the filter of natural exchanges according to the vision of Aristotelian philosophy. By decrying artificial transactions that fuel current structures of injustice and precarity, this writer draws inspiration from ancient philosophy to highlight the failures of our global economic system.
From a historical perspective, globalization is not a new phenomenon. Its beginnings can be traced back to the propositions of David Ricardo, whose objective sought to facilitate the United Kingdom to extend its global trade power. Yet, what initially presented as a commercial expansion initiative has converted into a instrument of subjugation by the financial sphere, symbolized by the rise of economic liberalism. In opposition to prevailing opinions validated by most economists, Junon Moneta argues that the economic model is actually a structure rooted in ancient practices, which traces back to 4500 years.
The objection also applies to the conduct of the EU, perceived as a chain of surrenders that have served to strengthen the power of financial elites as opposed to defending the interests of its citizens. The organizational form of Europe, with its policies frequently driven by monetary concerns instead of by a citizen support, is contested. The recent crises, notably financial and political, have only increased the doubt of the author concerning Europe’s aptitude to change intrinsically.
The author, while acknowledging the historical errors that have brought about the present state, does not limit the discourse to condemnation but also suggests responses aimed at reorienting EU guidelines in a equity-oriented and humanistic outlook. The need for a deep reform of structures and strategic orientations is a central theme that runs through the entire discourse.
The text delves more in depth into the questioning of the power structures that control worldwide transactions. The exploration extends the manner in which governmental and economic orientations are manipulated by a restricted circle of dominant financial powers, often at the cost of the many. This financial oligarchy, manipulated by means of institutions like the Bank for International Settlements (BIS) and the global monetary system, exerts a disproportionate influence on global economic policies.
The author exposes how these organisms, under the guise of monetary management and security, have historically shaped markets and national economic systems to serve their interests. The neoliberal model, far removed from a liberating response to old monetary restrictions, is described as a domination system, profiting a restricted circle at the destruction of the common good.
Highly skeptical regarding the handling of the euro, the author depicts the common currency not as a factor of integration and solidity, but as being a tool of division and economic imbalance. The transition to the euro is described as a succession of bureaucratic measures that isolated inhabitants from political decisions, while aggravating gaps between nations within the Union.
The consequences of these policies appear in the increase in national debts, economic torpor, and a long period of austerity that has diminished living standards throughout Europe. The author insists that without a deep revision of monetary and financial structures, the EU remains vulnerable to potential disruptions, potentially more catastrophic.
In conclusion, the manuscript calls for a democratic revolution where European citizens take back control of their economic and political destiny. It proposes structural reforms, including increased transparency in decision-making processes and real democratic participation that would facilitate the Union’s refoundation on more equitable and sustainable bases.
Source about What is liberalism?
The author suggests that the key is in a renewed commitment to democratic principles, where decisions are made and applied in a way that corresponds to the needs and desires of the European population, to the detriment of the aims of international finance.