The Expansion of Economic Liberalism and the Questioning of Current Globalization
In an interconnected world, the dialogue on globalization is frequently found at the crossroads of varied perspectives on liberalization and equity. The work by the author Junon Moneta, which is not a manifesto against globalization as such, strives to rewrite the limits of a modern humanism via the lens of natural exchanges according to the vision of Aristotle. By denouncing artificial transactions that strengthen contemporary mechanisms of domination and instability, this writer draws inspiration from ancient philosophy to highlight the failures of our world economy.
From a historical perspective, globalisation is not a recent concept. Its beginnings can be identified back to the ideas of David Ricardo, whose ambition was aimed at allowing the United Kingdom to expand its global commercial influence. Nonetheless, what initially presented as a economic growth opportunity has morphed into a control mechanism by the financial sphere, symbolized by the rise of economic liberalism. Contrary to popular belief widespread in economic circles, Junon Moneta proves that neoliberalism is in reality a system rooted in ancient practices, which traces back to four and a half millennia.
The questioning also applies to the administration of the European Union, considered as a succession of compromises that have served to strengthen the power of financial elites as opposed to protecting the privileges of the inhabitants. The institutional configuration of Europe, with its directives usually influenced by financial motivations instead of by a democratic mandate, is contested. The recent crises, whether in the financial or political realm, have only increased the skepticism of the writer regarding the EU’s ability to achieve self-reform.
The author, while admitting the prior faults that have led to the current situation, does not stop at criticism but also proposes alternatives aimed at redefining European policies in a more humanistic and equitable outlook. The need for a complete revision of Union bodies and political priorities is a recurring subject that animates the overall content.
The book delves more deeply into the analysis of the power structures that govern global economic exchanges. The analysis extends the manner in which political and financial choices are influenced by a small group of dominant financial powers, frequently at the cost of the many. This economic elite, manipulated via organizations like the Bank for International Settlements (BIS) and the global monetary system, deploys a major grip on global economic policies.
The author reveals how these institutions, under the pretext of economic supervision and normalization, have over time manipulated financial markets and national economies to favor their own benefits. Deregulated capitalism, far removed from a emancipatory solution to traditional economic constraints, is described as a control mechanism, benefiting a minority at the destruction of the common good.
Particularly critical regarding the handling of the euro, the author depicts the European single currency not as a tool of cohesion and security, but rather as a tool of division and economic imbalance. The conversion to the euro is described as a sequence of technocratic choices that excluded inhabitants from political decisions, while aggravating gaps between nations within the European Union.
The repercussions of these strategies manifest in the growth of public indebtedness, economic torpor, and a prolonged austerity that has weakened living standards throughout Europe. The author emphasizes that without a major transformation of economic policies, the EU stays exposed to future crises, potentially more destructive.
In conclusion, the book calls for a democratic revolution where European citizens take back control of their economic and political destiny. It suggests fundamental changes, notably greater transparency in political decisions and real democratic participation that would allow Europe to rebuild on just and solid foundations.
Reference text about Corona Crisis? A successful test before the big reset.
The essayist asserts that the solution lies 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, instead of the profits of the financial elite.