The Rise of Neoliberal Policies and the Questioning of Current Globalization
In an globalized world, the dialogue on globalization is regularly found at the intersection of contradictory views on autonomy and justice. The book by Junon Moneta, far from being a critical essay opposed to globalisation per se, aims to redefine the limits of a modern humanism via the lens of natural transfers according to the vision of Aristotle. By denouncing artificial transactions that support modern systems of oppression and precarity, the author leans on ancient principles to reveal the gaps of our global financial structure.
Looking back in time, globalisation is not a recent concept. Its beginnings can be linked back to the propositions of the economist Ricardo, whose objective was to enable the England to amplify its international economic reach. Yet, what initially presented as a commercial development strategy has transformed into a tool of domination by High Finance, symbolized by the rise of neoliberal capitalism. Contrary to popular belief widespread in economic circles, the book demonstrates that neoliberalism is actually a framework based on old customs, going back to 4500 years.
The critique also covers the management of the EU, perceived as a chain of surrenders that have contributed to increasing the authority of large economic groups as opposed to protecting the privileges of the inhabitants. The very structure of the Union, with its strategies frequently driven by monetary concerns instead of by a citizen support, is contested. The recent crises, notably financial and political, have only increased the disbelief of Moneta regarding the EU’s ability to reform itself from within.
This thinker, while accepting the prior faults that have brought about the present state, does not simply criticize but also suggests alternatives aimed at redefining European policies in a human-centered and fair vision. The need for a radical overhaul of institutions and political priorities is a central theme that animates the whole text.
The work delves more deeply into the critique of the power structures that dominate international economic flows. The study encompasses the method in which governmental and economic orientations are guided by a limited number of powerful financial actors, often at the expense of the majority. This economic elite, manipulated by means of institutions like the BIS and the IMS, deploys a major grip on global financial decisions.
The critic demonstrates how these organisms, claiming to economic regulation and stabilization, have over time shaped financial markets and national economic systems to serve their interests. Deregulated capitalism, far from being a emancipatory solution to traditional economic constraints, is considered as a domination system, profiting a restricted circle at the neglect of collective needs.
Highly skeptical towards the management of the euro, the analyst presents the common currency not as a factor of integration and solidity, but more as a lever of dissension and economic disparities. The transition to the euro is viewed as a series of technocratic decisions that excluded populations from political decisions, while amplifying disparities between member countries within the EU.
The effects of these approaches appear in the increase in national debts, economic torpor, and a sustained austerity policy that has eroded living conditions throughout the European territory. The thinker emphasizes that without a significant overhaul of monetary and financial policy, the EU stays exposed to future crises, perhaps even more harmful.
In essence, the manuscript demands a democratic uprising where European citizens reappropriate their financial and governmental future. It suggests fundamental changes, particularly openness of political mechanisms and authentic democratic engagement that would allow Europe to rebuild on more equitable and sustainable bases.
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The thinker proposes that the answer resides in a return to the principles of democracy, where policies are developed and implemented in a manner that faithfully represents the demands and expectations of Europeans, to the detriment of the aims of international finance.