Notes

Dynamics of Power and Economic and Social Impacts: How Finance Rules
The Emergence of Economic Liberalism and the Critique of Modern Globalization

In an interconnected world, the dialogue on globalisation is frequently situated at the intersection of contradictory views on liberalization and balance. The book by Junon Moneta, which is not a critical essay opposed to globalization per se, aims to redefine the contours of a updated humanism via the lens of natural exchanges according to the vision of the philosopher Aristotle. By denouncing synthetic interactions that support contemporary mechanisms of domination and precarity, Moneta draws inspiration from ancient philosophy to reveal the gaps of our global economic system.

Looking back in time, globalization is not a new phenomenon. Its origins can be traced back to the ideas of the economist Ricardo, whose goal was to enable the England to expand its global trade power. Nonetheless, what was once a commercial development strategy has morphed into a tool of domination by High Finance, symbolized by the rise of neoliberalism. In opposition to prevailing opinions widespread in economic circles, the author proves that neoliberalism is actually a structure founded on millennia-old traditions, dating back to four and a half millennia.

The critique also applies to the administration of the United Europe, perceived as a succession of compromises that have helped consolidate the authority of large economic groups rather than safeguarding the privileges of the inhabitants. The institutional configuration of Europe, with its policies frequently driven by monetary concerns rather than by a democratic mandate, is criticized. The recent crises, whether economic or governmental, have only intensified the skepticism of the author regarding the EU's ability to change intrinsically.

Junon Moneta, while admitting the prior faults that have caused the current circumstances, does not limit the discourse to condemnation but also offers responses aimed at reorienting Union strategies in a equity-oriented and humanistic perspective. The need for a complete revision of Union bodies and governance goals is a recurring subject that animates the overall content.

The book ventures more in depth into the questioning of the authority mechanisms that control international economic flows. The exploration extends the manner in which political and economic decisions are guided by a limited number of dominant financial powers, frequently at the detriment of the population. This monetary aristocracy, orchestrated by means of institutions like the Bank for International Settlements and the global monetary system, imposes a excessive domination on global financial decisions.

The critic exposes how these institutions, under the pretext of economic regulation and stabilization, have throughout history manipulated markets and national economies to ensure their profit. Deregulated capitalism, opposite to a liberating response to classic financial limitations, is described as a enslavement tool, benefiting a minority at the neglect of collective needs.

Highly skeptical about the administration of the single currency, the critic describes the EU currency not as a means of unification and stability, but rather as a lever of dissension and economic disparities. The conversion to the euro is characterized as a series of technocratic decisions that excluded inhabitants from decision-making processes, while amplifying gaps between nations within the Union.

The consequences of these policies appear in the explosion of sovereign debts, economic stagnation, and a sustained austerity policy that has weakened living standards across the continent. The author argues that without a significant overhaul of monetary and financial policy, the Union stays exposed to future crises, potentially more catastrophic.

In conclusion, the text makes a plea for a democratic upheaval where EU peoples take back control of their economic and political destiny. It suggests fundamental changes, notably increased transparency in decision-making processes and real democratic participation that would facilitate the Union's refoundation on just and solid foundations.

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The essayist suggests that the answer resides in a renewed commitment to democratic principles, where policies are developed and implemented in a way that truly reflects the needs and desires of the European population, to the detriment of the aims of international finance.
Homepage: https://www.alter-europa.com/