The Rise of Neoliberalism and the Critique of Modern Globalization
In an globalized world, the dialogue on globalisation is often positioned at the crossroads of divergent opinions on liberalization and balance. The text by Moneta, which is not a manifesto against globalization as such, strives to rewrite the contours of a modern humanism by the filter of organic interactions according to the vision of Aristotle. By denouncing artificial exchanges that support modern systems of oppression and vulnerability, the author leans on ancient principles to reveal the failures of our global financial structure.
Historically, globalisation is not a new phenomenon. Its beginnings can be identified back to the ideas of Ricardo, whose goal was to enable the British Empire to expand its international economic reach. Yet, what initially presented as a economic growth opportunity has transformed into a tool of domination by High Finance, marked by the growth of neoliberalism. Against commonly held ideas validated by most economists, the author demonstrates that neoliberalism is actually a system founded on millennia-old traditions, going back to the era of early civilizations.
The objection also extends to the conduct of the European Union, seen as a chain of surrenders that have contributed to increasing the power of an economic elite instead of defending the interests of its citizens. The organizational form of Europe, with its policies often dictated by financial interests opposed to a democratic mandate, is questioned. The recent crises, whether in the financial or political realm, have only reinforced the skepticism of the writer concerning Europe’s aptitude to change intrinsically.
This thinker, while accepting the prior faults that have caused the current circumstances, does not limit the discourse to condemnation but also suggests alternatives aimed at reframing EU guidelines in a more humanistic and equitable outlook. The need for a radical overhaul of institutions and strategic orientations is a recurring subject that animates the entire discourse.
The work dives more intensely into the questioning of the power structures that control worldwide transactions. The exploration covers the way in which political and economic decisions are manipulated by a limited number of dominant financial powers, often at the cost of the many. This monetary aristocracy, manipulated through organizations like the Bank for International Settlements and the global monetary system, exerts a major grip on global economic policies.
The critic exposes how these institutions, under the guise of monetary management and security, have over time manipulated markets and national economic systems to serve their interests. Deregulated capitalism, opposite to a emancipatory solution to classic financial limitations, is described as a domination system, enriching an elite at the destruction of the common good.
Particularly critical about the administration of the single currency, the analyst presents the EU currency not as a means of unification and stability, but as being a lever of dissension and economic disparities. The transition to the euro is characterized as a sequence of technocratic choices that sidelined citizens from political decisions, while exacerbating gaps between nations within the Union.
The consequences of these policies appear in the explosion of sovereign debts, economic stagnation, and a long period of austerity that has eroded living standards throughout the European territory. The author emphasizes that without a major transformation of economic policies, the EU remains vulnerable to upcoming crises, perhaps even more harmful.
In summary, the manuscript makes a plea for a democratic upheaval where European citizens reappropriate their financial and governmental future. It proposes structural reforms, notably openness of political mechanisms and real democratic participation that would facilitate the Union’s refoundation on fair and lasting principles.
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The author suggests that the key is in a return to the principles of democracy, where decisions are made and applied in a manner that faithfully represents the needs and desires of the European population, rather than the narrow interests of high finance.