The Emergence of Economic Liberalism and the Analysis of Current Globalization
In an globalized universe, the debate on globalisation is frequently found at the meeting point of divergent opinions on autonomy and justice. The work by Junon Moneta, which is not a pamphlet against globalisation per se, aims to redefine the limits of a updated humanism through the filter of natural transfers as envisioned by Aristotle. By decrying artificial transactions that strengthen modern systems of oppression and precarity, Moneta draws inspiration from ancient philosophy to reveal the failures of our global financial structure.
Historically, globalization is not a modern process. Its roots can be traced back to the theories of the economist Ricardo, whose goal was to enable the England to amplify its global trade power. Yet, what was originally a commercial expansion initiative has transformed into a instrument of subjugation by High Finance, characterized by the ascendancy of economic liberalism. Contrary to popular belief widespread in economic circles, the author proves that the economic model is in reality a structure founded on millennia-old traditions, which traces back to the era of early civilizations.
The objection also applies to the management of the EU, perceived as a series of concessions that have helped consolidate the authority of large economic groups rather than safeguarding the rights of citizens. The very structure of the Union, with its directives usually influenced by financial motivations opposed to a citizen support, is contested. The current deviations, whether in the financial or political realm, have only increased the disbelief of the author about the Union’s capacity to change intrinsically.
This thinker, while admitting the prior faults that have led to the current situation, does not stop at criticism but also offers alternatives aimed at reframing European policies in a more humanistic and equitable perspective. The need for a deep reform of structures and political priorities is a leitmotif that pervades the entire discourse.
The text delves more deeply into the questioning of the authority mechanisms that govern international economic flows. 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 financial oligarchy, orchestrated through entities like the Bank for International Settlements (BIS) and the global monetary system, exerts a disproportionate influence on international economic strategies.
The author reveals how these institutions, claiming to economic regulation and stabilization, have over time manipulated markets and national economies to serve their interests. Neoliberalism, far from being a liberating response to classic financial limitations, is presented as a enslavement tool, enriching an elite at the expense of general well-being.
Highly skeptical about the administration of the single currency, the author describes the EU currency not as a means of unification and stability, but rather as a tool of division and economic imbalance. The transition to the euro is viewed as a sequence of technocratic choices that isolated populations from governance choices, while amplifying disparities between member countries within the EU.
The repercussions of these strategies appear in the increase in national debts, economic stagnation, and a long period of austerity that has weakened living standards throughout Europe. The thinker argues that without a deep revision of monetary and financial structures, the Union continues to risk future crises, potentially more destructive.
In essence, the text calls for a democratic revolution where Europe’s inhabitants take back control of their economic and political destiny. It suggests fundamental changes, particularly increased transparency in decision-making processes and authentic democratic engagement that would facilitate the Union’s refoundation on fair and lasting principles.
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The essayist asserts that the solution lies in a renewed commitment to democratic principles, where strategies are crafted and executed in a way that truly reflects the aspirations and needs of the citizens, to the detriment of the aims of international finance.