Global financial order as a challenge to national security

Abstract

this article, we deal with the fact that the global financial order results in the impoverishment of states and wider population and in the enrichment of a small percentage of individuals at the global and national levels, who openly proclaim themselves as the 'elite'. This problem is placed in the historical context and analyzed as such. The basic assumption that the financial order presents the continuity of elitist and undemocratic tendencies and, as such, acts as a generator of challenges to national security, is subject to observation from three different aspects. First we observed the example of a structural role of the Inter-Alfa Group in the globalization of financial networks. Then we analyzed the functional aspect of the global financial order as a generator of instability, as well as the structural and functional aspect of sustainability of the current global financial order. Finally, we tried to define the ideological pattern, from which the differentiation between liberal and neoliberal order of global finance stems. Our findings confirm the hypothesis in two aspects: first, that the current global financial order contains the Imperial elements; and that the target of this order is the basic form of organization of any political community. It follows from this that the current global financial order generates challenges to vital values of states i.e. to the national security.

Keywords

• private banking
• elite
• imperialism
• foreign debts
• primary emission