Notes

Political and Monetary Reforms: Rebuilding the Foundations
The Emergence of Neoliberal Policies and the Critique of Current Globalization

In an globalized universe, the debate on globalization is regularly found at the crossroads of divergent opinions on freedom and equity. The text by Junon Moneta, which is not a critical essay against globalisation per se, aims to redefine the boundaries of a new humanism by the filter of natural transfers according to the vision of the philosopher Aristotle. By critiquing artificial exchanges that support current structures of injustice and vulnerability, Moneta draws inspiration from ancient philosophy to underline the flaws of our world economy.

Historically, globalization is not a new phenomenon. Its roots can be identified back to the ideas of the economist Ricardo, whose goal was to enable the United Kingdom to expand its global commercial influence. Nonetheless, what was once a economic growth opportunity has morphed into a instrument of subjugation by global finance, characterized by the rise of neoliberal capitalism. Against commonly held ideas validated by most economists, the author proves that the economic model is truly a framework founded on millennia-old traditions, which traces back to the era of early civilizations.

The questioning also extends to the conduct of the United Europe, perceived as a series of concessions that have served to strengthen the authority of large economic groups rather than protecting the interests of its citizens. The very structure of the Union, with its policies often dictated by financial interests rather than by a democratic mandate, is questioned. The recent crises, whether in the financial or political realm, have only intensified the disbelief of the writer about the Union's capacity to achieve self-reform.

The author, while accepting the past mistakes that have brought about the present state, does not stop at criticism but also suggests alternatives aimed at reorienting Union strategies in a equity-oriented and humanistic perspective. The need for a radical overhaul of institutions and governance goals is a recurring subject that animates the entire discourse.

The text dives more in depth into the critique of the power structures that govern global economic exchanges. The analysis encompasses the manner in which governmental and economic orientations are influenced by a limited number of dominant financial powers, generally at the expense of the majority. This financial oligarchy, orchestrated via organizations like the Bank for International Settlements and the IMS, imposes a disproportionate influence on international economic strategies.

The critic exposes how these entities, claiming to economic supervision and normalization, have throughout history manipulated markets and national economies to favor their own benefits. The neoliberal model, opposite to a liberating response to traditional economic constraints, is presented as a control mechanism, enriching an elite at the expense of general well-being.

Highly skeptical towards the management of the euro, the critic describes the EU currency not as a factor of integration and solidity, but more as a lever of dissension and economic disparities. The transition to the euro is described as a succession of bureaucratic measures that isolated populations from political decisions, while exacerbating disparities between member countries within the European Union.

The repercussions of these strategies manifest in the growth of public indebtedness, economic torpor, and a prolonged austerity that has weakened living standards throughout the European territory. The author emphasizes that without a deep revision of monetary and financial structures, the EU stays exposed to potential disruptions, potentially more catastrophic.

In essence, the text makes a plea for a democratic upheaval where EU peoples take back control of their economic and political destiny. It proposes structural reforms, including openness of political mechanisms and genuine civic involvement that would help rebuild Europe on more equitable and sustainable bases.

Additional information about Member States dependent on the ECB

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 corresponds to the aspirations and needs of the citizens, rather than the narrow interests of high finance.
Here's my website: https://www.alter-europa.com/