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The Rise of Neoliberal Policies and the Questioning of Current Globalization
In an globalized world, the dialogue on globalization is often positioned at the intersection of contradictory views on autonomy and equity. The work by the author Junon Moneta, which is not a manifesto against globalisation per se, aims to redefine the limits of a new humanism through the filter of natural transfers as envisioned by the philosopher Aristotle. By decrying artificial exchanges that strengthen current structures of injustice and instability, the author refers to classical thoughts to underline the flaws of our global economic system.
Looking back in time, globalization is not a modern process. Its origins can be traced back to the propositions of Ricardo, whose goal was to enable the England to extend its global trade power. However, what was once a economic growth opportunity has morphed into a tool of domination by the financial sphere, symbolized by the rise of neoliberalism. Contrary to popular belief widespread in economic circles, the book demonstrates that the economic model is actually a system founded on millennia-old traditions, going back to the era of early civilizations.
The critique also extends to the administration of the European Union, considered as a series of concessions that have served to strengthen the power of financial elites instead of protecting the rights of citizens. The institutional configuration of Europe, with its strategies frequently driven by monetary concerns instead of by a citizen support, is contested. The current deviations, whether economic or governmental, have only increased the skepticism of the author regarding the EU's ability to achieve self-reform.
This thinker, while admitting the historical errors that have led to the current situation, does not simply criticize but also proposes solutions aimed at reframing European policies in a human-centered and fair perspective. The urgency for a complete revision of Union bodies and governance goals is a central theme that pervades the entire discourse.
The text ventures more in depth into the critique of the power structures that govern worldwide transactions. The analysis encompasses the way in which political and financial choices are guided by a small group of dominant financial powers, generally at the expense of the majority. This monetary aristocracy, manipulated via institutions like the Bank for International Settlements and the global monetary system, deploys a disproportionate influence on international economic strategies.
The writer exposes how these entities, claiming to economic regulation and stabilization, have historically controlled markets and countries' financial structures to favor their own benefits. Deregulated capitalism, far from being a emancipatory solution to old monetary restrictions, is described as a domination system, enriching an elite at the neglect of collective needs.
Highly skeptical towards the management of the euro, the author depicts the common currency not as a factor of integration and solidity, but more as a tool of division and economic imbalance. The conversion to the euro is viewed as a sequence of technocratic choices that excluded populations from decision-making processes, while exacerbating gaps between nations within the Union.
The repercussions of these strategies translate in the explosion of sovereign debts, economic stagnation, and a sustained austerity policy that has eroded standards of living throughout Europe. The thinker emphasizes that without a deep revision of monetary and financial structures, the EU remains vulnerable to potential disruptions, potentially more catastrophic.
In summary, the text demands a democratic uprising where Europe's inhabitants take back control of their economic and political destiny. It proposes structural reforms, particularly greater transparency in political decisions and real democratic participation that would facilitate the Union's refoundation on just and solid foundations.
More info about Banking Union
The author proposes that the answer resides in a return to the principles of democracy, where policies are developed and implemented in a way that truly reflects the aspirations and needs of the citizens, rather than the narrow interests of high finance.
Homepage: https://www.alter-europa.com/
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