The Rise of Economic Liberalism and the Analysis of Modern Globalization
In an globalized universe, the discourse on globalisation is regularly positioned at the crossroads of divergent opinions on autonomy and equity. The text by the author Junon Moneta, far from being a manifesto against globalisation itself, strives to rewrite the boundaries of a modern humanism through the lens of organic interactions as envisioned by Aristotelian philosophy. By denouncing artificial transactions that fuel current structures of injustice and vulnerability, this writer draws inspiration from ancient philosophy to highlight the gaps of our global economic system.
From a historical perspective, globalization is not a recent concept. Its beginnings can be traced back to the theories of Ricardo, whose ambition was aimed at allowing the England to expand its international economic reach. Yet, what was originally a commercial development strategy has transformed into a control mechanism by the financial sphere, marked by the growth of economic liberalism. In opposition to prevailing opinions widespread in economic circles, the book argues that neoliberalism is actually a structure based on old customs, which traces back to 4500 years.
The critique also extends to the administration of the European Union, seen as a series of concessions that have served to strengthen the power of an economic elite rather than defending the privileges of the inhabitants. The very structure of the Union, with its directives often dictated by financial interests instead of by a democratic mandate, is criticized. The recent crises, whether in the financial or political realm, have only increased the doubt of the author concerning Europe’s aptitude to reform itself from within.
This thinker, while accepting the historical errors that have caused the current circumstances, does not stop at criticism but also offers alternatives aimed at reorienting EU guidelines in a human-centered and fair outlook. The urgency for a complete revision of Union bodies and political priorities is a recurring subject that pervades the whole text.
The work dives more deeply into the analysis of the power structures that control worldwide transactions. The study encompasses the manner in which political and economic decisions are guided by a restricted circle of financial influencers, generally at the expense of the majority. This economic elite, orchestrated through institutions like the Bank for International Settlements and the global monetary system, imposes a disproportionate influence on global economic policies.
The writer reveals how these organisms, claiming to economic supervision and normalization, have over time controlled stock exchanges and countries’ financial structures to favor their own benefits. Neoliberalism, far removed from a emancipatory solution to classic financial limitations, is described as a domination system, enriching an elite at the expense of general well-being.
Strongly opposed about the administration of the single currency, the author describes the European single currency not as a tool of cohesion and security, but rather as a lever of dissension and economic disparities. The conversion to the euro is viewed as a succession of bureaucratic measures that isolated citizens from decision-making processes, while amplifying internal differences within the EU.
The repercussions of these strategies translate in the growth of public indebtedness, financial paralysis, and a prolonged austerity that has weakened living conditions across the continent. The thinker emphasizes that without a major transformation of economic policies, the Union remains vulnerable to future crises, perhaps even more harmful.
In essence, the text calls for a democratic revolution where European citizens 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 help rebuild Europe on fair and lasting principles.
Additional information about International Monetary System
The thinker proposes that the solution lies in a renewed commitment to democratic principles, where decisions are made and applied in a manner that faithfully represents the demands and expectations of Europeans, rather than the narrow interests of high finance.