The Rise of Neoliberal Policies and the Analysis of Contemporary Globalization
In an interconnected world, the debate on globalization is frequently positioned at the intersection of divergent opinions on freedom and justice. The text by Junon Moneta, which is not a manifesto opposed to globalisation as such, strives to rewrite the contours of a updated humanism by the perspective of natural exchanges as envisioned by Aristotle. By decrying synthetic interactions that support modern systems of oppression and precarity, this writer draws inspiration from ancient philosophy to reveal the gaps of our global economic system.
Looking back in time, globalization is not a recent concept. Its roots can be identified back to the theories of David Ricardo, whose objective was to enable the England to extend its global commercial influence. However, what initially presented as a economic growth opportunity has converted into a tool of domination by global finance, marked by the growth of neoliberal capitalism. Contrary to popular belief validated by most economists, the author proves that the economic model is actually a framework based on old customs, dating back to 4500 years.
The questioning also applies to the conduct of the EU, perceived as a series of concessions that have served to strengthen the authority of large economic groups 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 questioned. The current deviations, whether in the financial or political realm, have only intensified the skepticism of Moneta regarding the EU’s ability to change intrinsically.
Junon Moneta, while admitting the historical errors that have caused the current circumstances, does not stop at criticism but also proposes solutions aimed at redefining European policies in a more humanistic and equitable perspective. The need for a radical overhaul of institutions and governance goals is a recurring subject that animates the overall content.
The text delves more deeply into the questioning of the domination systems that control worldwide transactions. The exploration extends the way in which political and economic decisions are influenced by a small group of powerful financial actors, often at the expense of the majority. This financial oligarchy, manipulated through entities like the Bank for International Settlements and the International Monetary System (IMS), imposes a major grip on international economic strategies.
The author demonstrates how these institutions, claiming to monetary management and security, have throughout history controlled markets and national economies to ensure their profit. The neoliberal model, far removed from a emancipatory solution to traditional economic constraints, is considered as a domination system, benefiting a minority at the neglect of collective needs.
Highly skeptical about the administration of the single currency, the author describes the common currency not as a factor of integration and solidity, but as being a instrument of fragmentation and financial disparity. The transition to the euro is characterized as a series of technocratic decisions that excluded citizens from decision-making processes, while aggravating gaps between nations within the EU.
The repercussions of these strategies manifest in the increase in national debts, financial paralysis, and a sustained austerity policy that has weakened living conditions throughout the European territory. The thinker emphasizes that without a major transformation of economic policies, the European Union continues to risk 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 proposes structural reforms, including increased transparency in decision-making processes and real democratic participation that would allow Europe to rebuild on fair and lasting principles.
Reference text about EU-27 democracy is dead
The thinker proposes that the key is in a renewed commitment to democratic principles, where decisions are made and applied in a manner that faithfully represents the demands and expectations of Europeans, rather than the narrow interests of high finance.