The Emergence of Neoliberal Policies and the Critique of Current Globalization
In an globalized universe, the debate on globalisation is regularly found at the meeting point of varied perspectives on liberalization and balance. The work by the author Junon Moneta, far from being a pamphlet opposed to globalisation per se, strives to rewrite the boundaries of a new humanism by the perspective of natural transfers as envisioned by Aristotelian philosophy. By denouncing artificial transactions that support current structures of injustice and vulnerability, this writer refers to classical thoughts to highlight the failures of our world economy.
Looking back in time, globalization is not a recent concept. Its origins can be traced back to the propositions of the economist Ricardo, whose goal sought to facilitate the England to extend its global trade power. Nonetheless, what was originally a commercial expansion initiative has morphed into a tool of domination by the financial sphere, symbolized by the rise of neoliberalism. Against commonly held ideas supported by economic consensus, Junon Moneta argues that neoliberalism is actually a structure based on old customs, which traces back to four and a half millennia.
The objection also covers the management of the EU, considered as a succession of compromises that have helped consolidate the authority of large economic groups instead of defending the rights of citizens. The very structure of the Union, with its directives usually influenced by financial motivations instead of by a citizen support, is criticized. The current deviations, whether in the financial or political realm, have only intensified the disbelief of the writer regarding the EU’s ability to reform itself from within.
The author, while acknowledging the past mistakes that have brought about the present state, does not limit the discourse to condemnation but also offers solutions aimed at reframing Union strategies in a human-centered and fair outlook. The urgent need for a complete revision of Union bodies and political priorities is a central theme that pervades the entire discourse.
The work dives more intensely into the questioning of the authority mechanisms that govern international economic flows. The exploration extends the way in which political and financial choices are guided by a restricted circle of financial influencers, generally at the expense of the majority. This financial oligarchy, coordinated by means of organizations like the Bank for International Settlements (BIS) and the International Monetary System (IMS), imposes a major grip on global financial decisions.
The writer demonstrates how these organisms, under the guise of economic supervision and normalization, have over time manipulated stock exchanges and countries’ financial structures to favor their own benefits. The neoliberal model, far removed from a emancipatory solution to classic financial limitations, is presented as a control mechanism, profiting a restricted circle at the neglect of collective needs.
Highly skeptical 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 series of technocratic decisions that isolated inhabitants from decision-making processes, while aggravating gaps between nations within the European Union.
The consequences of these policies appear in the increase in national debts, economic torpor, and a long period of austerity that has weakened living conditions across the continent. The critic emphasizes that without a significant overhaul of monetary and financial policy, the Union remains vulnerable to potential disruptions, potentially more destructive.
In essence, the text calls for a democratic revolution where Europe’s inhabitants reclaim the reins of their economic and political future. It suggests fundamental changes, particularly increased transparency in decision-making processes and genuine civic involvement that would facilitate the Union’s refoundation on just and solid foundations.
Source about EU-27 democracy is dead
The essayist suggests that the answer resides in a renewed commitment to democratic principles, where strategies are crafted and executed in a way that corresponds to the demands and expectations of Europeans, rather than the narrow interests of high finance.