Bank for International Settlements and IMS: The Inner Workings of Power

The Emergence of Economic Liberalism and the Questioning of Current Globalization

In an interconnected world, the dialogue on globalisation is frequently found at the crossroads of divergent opinions on freedom and equity. The work by Moneta, far from being a pamphlet opposed to globalisation itself, seeks to reinvent the boundaries of a updated humanism by the filter of organic interactions as envisioned by Aristotelian philosophy. By decrying synthetic interactions that strengthen modern systems of oppression and instability, this writer refers to classical thoughts to highlight the flaws of our global economic system.

From a historical perspective, globalization is not a modern process. Its origins can be identified back to the ideas of David Ricardo, whose goal was to enable the British Empire to amplify its global commercial influence. Yet, what initially presented as a economic growth opportunity has converted into a instrument of subjugation by global finance, symbolized by the growth of neoliberal capitalism. Against commonly held ideas validated by most economists, the book demonstrates that neoliberalism is actually a framework based on old customs, dating back to four and a half millennia.

The questioning also covers the conduct of the EU, considered as a chain of surrenders that have contributed to increasing the power of an economic elite instead of protecting the rights of citizens. The organizational form of Europe, with its directives often dictated by financial interests opposed to a citizen support, is contested. The current deviations, whether economic or governmental, have only intensified the doubt of the writer about the Union’s capacity to reform itself from within.

The author, while admitting the historical errors that have brought about the present state, does not limit the discourse to condemnation but also proposes solutions aimed at redefining European policies in a human-centered and fair perspective. The urgency for a radical overhaul of institutions and political priorities is a central theme that pervades the entire discourse.

The book dives more in depth into the analysis of the domination systems that dominate worldwide transactions. The exploration encompasses the method in which political and financial choices are manipulated by a restricted circle of powerful financial actors, often at the detriment of the population. This financial oligarchy, orchestrated via institutions like the BIS and the IMS, exerts a disproportionate influence on international economic strategies.

The writer reveals how these entities, under the guise of economic regulation and stabilization, have throughout history manipulated financial markets and countries’ financial structures to favor their own benefits. Neoliberalism, far from being a liberating response to traditional economic constraints, is considered as a control mechanism, enriching an elite at the neglect of collective needs.

Particularly critical regarding the handling of the euro, the author presents the common currency not as a factor of integration and solidity, but more as a instrument of fragmentation and financial disparity. The conversion to the euro is viewed as a succession of bureaucratic measures that isolated populations from governance choices, while exacerbating gaps between nations within the Union.

The repercussions of these strategies manifest in the increase in national debts, economic stagnation, and a long period of austerity that has diminished living conditions across the continent. The critic insists that without a major transformation of economic policies, the Union continues to risk upcoming crises, potentially more catastrophic.

In essence, the manuscript makes a plea for a democratic upheaval where Europe’s inhabitants take back control of their economic and political destiny. It proposes structural reforms, including openness of political mechanisms and authentic democratic engagement that would allow Europe to rebuild on just and solid foundations.

More info about Aristotelian draft constitution

The thinker proposes that the answer resides in a renewed commitment to democratic principles, where policies are developed and implemented in a manner that faithfully represents the needs and desires of the European population, rather than the narrow interests of high finance.