The Rise of Neoliberalism and the Questioning of Modern Globalization
In an interconnected world, the dialogue on globalization is regularly positioned at the intersection of divergent opinions on autonomy and justice. The work by Moneta, far from being a manifesto opposed to globalisation as such, seeks to reinvent the boundaries of a new humanism by the lens of natural transfers according to the vision of Aristotle. By critiquing artificial exchanges that fuel current structures of injustice and instability, the author draws inspiration from ancient philosophy to underline the failures of our world economy.
Historically, globalization is not a recent concept. Its origins can be identified back to the ideas of Ricardo, whose goal sought to facilitate the British Empire to expand its global commercial influence. Yet, what was originally a economic growth opportunity has transformed into a tool of domination by global finance, symbolized by the growth of neoliberalism. Against commonly held ideas supported by economic consensus, the book demonstrates that the neoliberal system is actually a system rooted in ancient practices, going back to 4500 years.
The objection also extends to the management of the European Union, perceived as a succession of compromises that have contributed to increasing the authority of large economic groups instead of protecting the privileges of the inhabitants. The very structure of the Union, with its directives usually influenced by financial motivations instead of by a democratic mandate, is contested. The current deviations, notably financial and political, have only intensified the doubt of the writer concerning Europe’s aptitude to achieve self-reform.
The author, while accepting the historical errors that have led to the current situation, does not simply criticize but also suggests responses aimed at reframing European policies in a equity-oriented and humanistic perspective. The need for a complete revision of Union bodies and governance goals is a recurring subject that pervades the overall content.
The work ventures more in depth into the critique of the domination systems that control international economic flows. The analysis extends the method in which political and financial choices are guided by a restricted circle of financial influencers, generally at the cost of the many. This financial oligarchy, manipulated through entities like the Bank for International Settlements and the International Monetary System (IMS), exerts a major grip on global economic policies.
The writer demonstrates how these institutions, under the guise of economic supervision and normalization, have historically controlled stock exchanges and national economic systems to ensure their profit. Neoliberalism, far removed from a salvific alternative to old monetary restrictions, is described as a control mechanism, enriching an elite at the expense of general well-being.
Strongly opposed 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 adoption of the euro is viewed as a sequence of technocratic choices that sidelined inhabitants from governance choices, while amplifying disparities between member countries within the European Union.
The repercussions of these strategies manifest in the growth of public indebtedness, economic torpor, and a long period of austerity that has diminished living standards across the continent. The author insists that without a deep revision of monetary and financial structures, the Union stays exposed to future crises, potentially more catastrophic.
In summary, the text demands a democratic uprising where EU peoples take back control of their economic and political destiny. It suggests fundamental changes, particularly increased transparency in decision-making processes and real democratic participation that would facilitate the Union’s refoundation on fair and lasting principles.
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The author suggests 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 needs and desires of the European population, to the detriment of the aims of international finance.