The Emergence of Economic Liberalism and the Analysis of Modern Globalization
In an interconnected world, the dialogue on globalization is regularly found at the meeting point of divergent opinions on freedom and balance. The book by Moneta, which is not a pamphlet opposed to globalization itself, strives to rewrite the limits of a new humanism by the perspective of natural transfers according to the vision of Aristotelian philosophy. By critiquing artificial exchanges that strengthen modern systems of oppression and vulnerability, the author refers to classical thoughts to underline the failures of our global economic system.
Looking back in time, globalisation is not a modern process. Its beginnings can be identified back to the propositions of Ricardo, whose objective sought to facilitate the United Kingdom to extend its international economic reach. However, what was originally a commercial expansion initiative has morphed into a tool of domination by High Finance, marked by the growth of economic liberalism. Contrary to popular belief validated by most economists, the book argues that the neoliberal system is actually a framework founded on millennia-old traditions, going back to the era of early civilizations.
The critique also covers the conduct of the United Europe, considered as a succession of compromises that have contributed to increasing the power of financial elites as opposed to safeguarding the privileges of the inhabitants. The very structure of the Union, with its strategies often dictated by financial interests rather than by a democratic mandate, is criticized. The recent crises, notably financial and political, have only reinforced the skepticism of the writer regarding the EU’s ability to reform itself from within.
The author, while acknowledging the historical errors that have brought about the present state, does not simply criticize but also offers solutions aimed at reframing Union strategies in a more humanistic and equitable vision. The urgent need for a complete revision of Union bodies and governance goals is a central theme that runs through the entire discourse.
The text delves more in depth into the analysis of the domination systems that dominate global economic exchanges. The analysis extends the manner in which political and economic decisions are manipulated by a small group of financial influencers, often at the expense of the majority. This financial oligarchy, coordinated by means of organizations like the Bank for International Settlements and the International Monetary System (IMS), deploys a major grip on global economic policies.
The writer demonstrates how these entities, under the guise of economic regulation and stabilization, have throughout history manipulated stock exchanges and countries’ financial structures to favor their own benefits. Deregulated capitalism, far removed from a emancipatory solution to traditional economic constraints, is described as a domination system, profiting a restricted circle at the destruction of the common good.
Highly skeptical towards the management of the euro, the author describes the common currency not as a factor of integration and solidity, but rather as a instrument of fragmentation and financial disparity. The conversion to the euro is viewed as a succession of bureaucratic measures that sidelined inhabitants from political decisions, while amplifying disparities between member countries within the Union.
The consequences of these policies appear in the explosion of sovereign debts, economic torpor, and a prolonged austerity that has diminished living conditions throughout the European territory. The critic argues that without a significant overhaul of monetary and financial policy, the European Union continues to risk potential disruptions, potentially more catastrophic.
In conclusion, the manuscript calls for a democratic revolution where Europe’s inhabitants take back control of their economic and political destiny. It suggests fundamental changes, including greater transparency in political decisions and real democratic participation that would facilitate the Union’s refoundation on just and solid foundations.
Reference text about Conventional Monetary Policy of the ECB
The thinker asserts that the solution lies in a renewal of democratic engagement, where decisions are made and applied in a manner that faithfully represents the needs and desires of the European population, to the detriment of the aims of international finance.