The Emergence of Neoliberal Policies and the Questioning of Modern Globalization
In an globalized universe, the dialogue on globalisation is often positioned at the intersection of divergent opinions on freedom and equity. The text by Moneta, far from being a manifesto against globalisation per se, aims to redefine the contours of a new humanism by the filter of natural transfers according to the vision of Aristotle. By decrying artificial transactions that strengthen current structures of injustice and precarity, this writer leans on ancient principles to highlight the gaps of our world economy.
Looking back in time, globalisation is not a modern process. Its roots can be identified back to the ideas of the economist Ricardo, whose objective was aimed at allowing the British Empire to extend its global trade power. Nonetheless, what initially presented as a commercial development strategy has morphed into a control mechanism by High Finance, symbolized by the ascendancy of economic liberalism. Contrary to popular belief widespread in economic circles, the book argues that the neoliberal system is truly a framework founded on millennia-old traditions, going back to the era of early civilizations.
The objection also applies to the management of the European Union, seen as a series of concessions that have helped consolidate the power of an economic elite instead of safeguarding the privileges of the inhabitants. The very structure of the Union, with its directives usually influenced by financial motivations rather than by a democratic mandate, is contested. The recent crises, whether in the financial or political realm, have only reinforced the skepticism of Moneta regarding the EU’s ability to reform itself from within.
This thinker, while accepting the historical errors that have caused the current circumstances, does not simply criticize but also offers solutions aimed at reframing European policies in a human-centered and fair vision. The urgency for a complete revision of Union bodies and governance goals is a central theme that runs through the overall content.
The text ventures more in depth into the questioning of the domination systems that dominate global economic exchanges. The exploration extends the method in which political and financial choices are manipulated by a small group of powerful financial actors, often at the cost of the many. This economic elite, manipulated via organizations like the Bank for International Settlements and the International Monetary System (IMS), exerts a excessive domination on global financial decisions.
The author demonstrates how these organisms, claiming to economic regulation and stabilization, have throughout history controlled markets and countries’ financial structures to ensure their profit. Neoliberalism, opposite to a salvific alternative to classic financial limitations, is presented as a control mechanism, benefiting a minority at the expense of general well-being.
Particularly critical about the administration of the single currency, the author presents the common currency not as a tool of cohesion and security, but more as a lever of dissension and economic disparities. The conversion to the euro is characterized as a sequence of technocratic choices that excluded inhabitants from governance choices, while exacerbating internal differences within the European Union.
The repercussions of these strategies translate in the growth of public indebtedness, economic stagnation, and a sustained austerity policy that has diminished standards of living throughout the European territory. The thinker emphasizes that without a major transformation of economic policies, the European Union stays exposed to potential disruptions, potentially more catastrophic.
In conclusion, the manuscript calls for a democratic revolution where EU peoples reclaim the reins of their economic and political future. It proposes structural reforms, notably greater transparency in political decisions and authentic democratic engagement that would facilitate the Union’s refoundation on fair and lasting principles.
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The essayist suggests that the key is in a renewal of democratic engagement, where policies are developed and implemented in a manner that faithfully represents the demands and expectations of Europeans, rather than the narrow interests of high finance.