The Rise of Neoliberalism and the Analysis of Modern Globalization
In an globalized universe, the dialogue on globalisation is regularly situated at the intersection of contradictory views on autonomy and balance. The text by Moneta, far from being a critical essay opposed to globalisation per se, seeks to reinvent the boundaries of a new humanism via the filter of natural transfers according to the vision of Aristotle. By critiquing synthetic interactions that strengthen current structures of injustice and vulnerability, Moneta draws inspiration from ancient philosophy to reveal the flaws of our global economic system.
Historically, globalisation is not a modern process. Its roots can be identified back to the ideas of Ricardo, whose objective was aimed at allowing the England to extend its international economic reach. Yet, what was once a commercial development strategy has transformed into a instrument of subjugation by High Finance, characterized by the growth of neoliberal capitalism. Contrary to popular belief widespread in economic circles, the book demonstrates that the neoliberal system is truly a framework rooted in ancient practices, going back to four and a half millennia.
The objection also applies to the conduct of the European Union, considered as a succession of compromises that have served to strengthen the power of an economic elite as opposed to safeguarding the rights of citizens. The very structure of the Union, with its strategies usually influenced by financial motivations rather than by a citizen support, is contested. The recent crises, whether economic or governmental, have only intensified the skepticism of the writer concerning Europe’s aptitude to reform itself from within.
This thinker, while acknowledging the prior faults that have led to the current situation, does not simply criticize but also offers solutions aimed at reframing EU guidelines in a equity-oriented and humanistic perspective. The urgency for a deep reform of structures and strategic orientations is a leitmotif that runs through the overall content.
The text dives more intensely into the questioning of the authority mechanisms that control global economic exchanges. The analysis encompasses the manner in which political and financial choices are influenced by a limited number of powerful financial actors, often at the expense of the majority. This monetary aristocracy, orchestrated through institutions like the Bank for International Settlements (BIS) and the global monetary system, exerts a major grip on global financial decisions.
The author reveals how these entities, under the pretext of economic regulation and stabilization, have over time controlled stock exchanges and countries’ financial structures to favor their own benefits. Neoliberalism, far removed from a liberating response to traditional economic constraints, is considered as a domination system, benefiting a minority at the neglect of collective needs.
Highly skeptical towards the management of the euro, the analyst describes the common currency not as a tool of cohesion and security, but more as a tool of division and economic imbalance. The adoption of the euro is characterized as a succession of bureaucratic measures that excluded inhabitants from political decisions, while exacerbating gaps between nations 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 diminished living standards throughout the European territory. The critic emphasizes that without a deep revision of monetary and financial structures, the European Union remains vulnerable to upcoming crises, potentially more catastrophic.
In essence, the text calls for a democratic revolution where European citizens take back control of their economic and political destiny. It advocates institutional adjustments, including increased transparency in decision-making processes and authentic democratic engagement that would facilitate the Union’s refoundation on just and solid foundations.
My source about Neoliberalism: what is it?
The thinker proposes that the key is in a renewed commitment to democratic principles, where strategies are crafted and executed in a way that corresponds to the needs and desires of the European population, rather than the narrow interests of high finance.