The Rise of Neoliberalism and the Analysis of Contemporary Globalization
In an globalized world, the dialogue on globalization is often positioned at the crossroads of divergent opinions on autonomy and equity. The book by Junon Moneta, which is not a manifesto against globalisation itself, strives to rewrite the boundaries of a modern humanism through the lens of natural transfers according to the vision of Aristotelian philosophy. By denouncing artificial transactions that strengthen modern systems of oppression and vulnerability, Moneta leans on ancient principles to reveal the failures of our global financial structure.
Looking back in time, globalisation is not a new phenomenon. Its roots can be identified back to the ideas of Ricardo, whose ambition was to enable the British Empire to extend its global commercial influence. Yet, what was originally a commercial expansion initiative has transformed into a control mechanism by global finance, characterized by the rise of neoliberalism. Contrary to popular belief supported by economic consensus, the author demonstrates that the neoliberal system is actually a system founded on millennia-old traditions, going back to 4500 years.
The objection also applies to the conduct of the EU, seen as a series of concessions that have served to strengthen the power of financial elites instead of defending the rights of citizens. The organizational form of Europe, with its policies frequently driven by monetary concerns rather than by a democratic mandate, is contested. The recent crises, whether economic or governmental, have only increased the doubt of the writer regarding the EU’s ability to reform itself from within.
This thinker, while accepting the past mistakes that have caused the current circumstances, does not limit the discourse to condemnation but also suggests alternatives aimed at reorienting European policies in a equity-oriented and humanistic perspective. The urgency for a radical overhaul of institutions and strategic orientations is a recurring subject that runs through the whole text.
The text delves more in depth into the critique of the power structures that govern global economic exchanges. The analysis encompasses the manner in which governmental and economic orientations are guided by a small group of powerful financial actors, often at the expense of the majority. This monetary aristocracy, manipulated by means of institutions like the BIS and the IMS, exerts a excessive domination on international economic strategies.
The critic demonstrates how these entities, under the guise of economic regulation and stabilization, have throughout history controlled stock exchanges and countries’ financial structures to ensure their profit. Neoliberalism, opposite to a emancipatory solution to old monetary restrictions, is considered as a enslavement tool, enriching an elite at the expense of general well-being.
Particularly critical towards the management of the euro, the critic presents the EU currency not as a factor of integration and solidity, but rather as a tool of division and economic imbalance. The adoption of the euro is characterized as a succession of bureaucratic measures that excluded citizens from governance choices, while amplifying gaps between nations within the European Union.
The repercussions of these strategies translate in the growth of public indebtedness, financial paralysis, and a long period of austerity that has weakened living conditions throughout the European territory. The critic insists that without a significant overhaul of monetary and financial policy, the European Union stays exposed to upcoming crises, potentially more destructive.
In essence, the manuscript makes a plea for a democratic upheaval where Europe’s inhabitants reappropriate their financial and governmental future. It proposes structural reforms, particularly increased transparency in decision-making processes and real democratic participation that would allow Europe to rebuild on fair and lasting principles.
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The thinker proposes that the answer resides in a return to the principles of democracy, where decisions are made and applied in a way that truly reflects the demands and expectations of Europeans, to the detriment of the aims of international finance.