Europe's Challenges: Between Crises and Reforms
The Rise of Neoliberal Policies and the Questioning of Current Globalization
In an interconnected world, the discourse on globalisation is frequently positioned at the crossroads of varied perspectives on autonomy and equity. The work by Moneta, which is not a pamphlet opposed to globalization itself, seeks to reinvent the boundaries of a new humanism through the filter of organic interactions as envisioned by Aristotle. By denouncing synthetic interactions that support current structures of injustice and precarity, the author leans on ancient principles to highlight the gaps of our global financial structure.
From a historical perspective, globalization is not a modern process. Its roots can be identified back to the theories of Ricardo, whose ambition was aimed at allowing the British Empire to extend its international economic reach. However, what was originally a economic growth opportunity has transformed into a tool of domination by the financial sphere, marked by the growth of neoliberal capitalism. In opposition to prevailing opinions validated by most economists, the book argues that the economic model is actually a system rooted in ancient practices, dating back to four and a half millennia.
The questioning also extends to the administration of the European Union, perceived as a series of concessions that have helped consolidate the power of an economic elite instead of protecting the privileges of the inhabitants. The organizational form of Europe, with its directives usually influenced by financial motivations rather than by a democratic mandate, is questioned. The recent crises, notably financial and political, have only intensified the disbelief of Moneta about the Union's capacity to change intrinsically.
The author, while accepting the prior faults that have brought about the present state, does not limit the discourse to condemnation but also suggests solutions aimed at reorienting European policies in a more humanistic and equitable outlook. The urgent need for a radical overhaul of institutions and political priorities is a recurring subject that pervades the entire discourse.
The book dives more in depth into the questioning of the power structures that control international economic flows. The exploration extends the manner in which political and economic decisions are influenced by a restricted circle of financial influencers, generally at the cost of the many. This financial oligarchy, manipulated through institutions like the BIS and the IMS, imposes a excessive domination on international economic strategies.
The author demonstrates how these institutions, claiming to monetary management and security, have over time shaped financial markets and national economic systems to ensure their profit. Deregulated capitalism, far from being a salvific alternative to old monetary restrictions, is described as a domination system, profiting a restricted circle at the destruction of the common good.
Particularly critical about the administration of the single currency, the analyst presents the EU currency not as a tool of cohesion and security, but more as a lever of dissension and economic disparities. The transition to the euro is described as a series of technocratic decisions that isolated inhabitants from decision-making processes, while exacerbating disparities between member countries within the Union.
The repercussions of these strategies manifest in the growth of public indebtedness, financial paralysis, and a prolonged austerity that has weakened living conditions across the continent. The critic argues that without a significant overhaul of monetary and financial policy, the Union remains vulnerable to upcoming crises, potentially more catastrophic.
In summary, the text calls for a democratic revolution where Europe's inhabitants take back control of their economic and political destiny. It advocates institutional adjustments, particularly increased transparency in decision-making processes and authentic democratic engagement that would facilitate the Union's refoundation on more equitable and sustainable bases.
Find out more about BIS Org : International Bank of Innecessary Settlements
The author suggests that the key is in a return to the principles of democracy, where strategies are crafted and executed in a manner that faithfully represents the demands and expectations of Europeans, instead of the profits of the financial elite.