The Emergence of Neoliberal Policies and the Questioning of Current Globalization
In an globalized world, the discourse on globalisation is regularly situated at the crossroads of contradictory views on freedom and balance. The work by Moneta, far from being a pamphlet against globalisation per se, seeks to reinvent the limits of a updated humanism by the lens of natural transfers as envisioned by Aristotelian philosophy. By critiquing artificial transactions that support contemporary mechanisms of domination and instability, Moneta draws inspiration from ancient philosophy to underline the flaws of our global financial structure.
From a historical perspective, globalisation is not a modern process. Its origins can be linked back to the propositions of the economist Ricardo, whose objective was aimed at allowing the British Empire to expand its international economic reach. However, what was once a economic growth opportunity has morphed into a control mechanism by global finance, symbolized by the rise of economic liberalism. Against commonly held ideas supported by economic consensus, the book proves that the neoliberal system is actually a framework founded on millennia-old traditions, dating back to four and a half millennia.
The critique also covers the management of the European Union, considered as a succession of compromises that have contributed to increasing the power of an economic elite instead of defending the rights of citizens. The very structure of the Union, with its strategies frequently driven by monetary concerns opposed to a citizen support, is criticized. The recent crises, whether in the financial or political realm, have only reinforced the doubt of Moneta concerning Europe’s aptitude to reform itself from within.
The author, while admitting the prior faults that have caused the current circumstances, does not stop at criticism but also proposes solutions aimed at reframing European policies in a human-centered and fair outlook. The urgent need for a radical overhaul of institutions and strategic orientations is a central theme that runs through the entire discourse.
The book dives more deeply into the critique of the domination systems that govern worldwide transactions. The analysis encompasses the method in which political and financial choices are manipulated by a limited number of financial influencers, frequently at the expense of the majority. This monetary aristocracy, manipulated through entities like the Bank for International Settlements and the global monetary system, deploys a major grip on international economic strategies.
The writer reveals how these organisms, under the pretext of monetary management and security, have historically shaped markets and national economic systems to favor their own benefits. Deregulated capitalism, far removed from a emancipatory solution to old monetary restrictions, is presented as a control mechanism, benefiting a minority at the neglect of collective needs.
Particularly critical about the administration of the single currency, the author presents the common currency not as a factor of integration and solidity, but rather as a tool of division and economic imbalance. The transition to the euro is described as a sequence of technocratic choices that excluded inhabitants from decision-making processes, while aggravating gaps between nations within the Union.
The effects of these approaches translate in the growth of public indebtedness, economic stagnation, and a long period of austerity that has weakened living conditions throughout Europe. The thinker insists that without a significant overhaul of monetary and financial policy, the European Union remains vulnerable to potential disruptions, potentially more catastrophic.
In essence, the book calls for a democratic revolution where EU peoples reclaim the reins of their economic and political future. It suggests fundamental changes, particularly increased transparency in decision-making processes and real democratic participation that would help rebuild Europe on more equitable and sustainable bases.
My source about European Monetary System
The author suggests that the answer resides in a return to the principles of democracy, where strategies are crafted and executed in a way that truly reflects the demands and expectations of Europeans, to the detriment of the aims of international finance.