First of all, the history of the word neoliberalism when it used to have a different meaning is completely irrelevant to the discussion, what it means and is now it's what I described. And yes that fucked up system was created by American economists, Milton Friedman was the scumbag that popularized it and his mentor whatever the fuck his name was was the one who basically created it (even though you and many other could argue otherwise since the ideas were already there). And I know what you're going to say, laissez faire is what they created not neoliberalism the way I'm using the word, yes in theory, in practice though even when Friedman was directly involved in neoliberal governments' policies it was ALWAYS used to benefit corporations and banks.
Friedman argued for monetarism and competitive market exposure. He was virulently anti-corporatocracy, and wrote several pieces denouncing monopolies and the closeness of business and the political elite. He was, if anything, closest to being a libertarian. Thatcher adopted pieces of Friedman (specifically monetarism) for a brief period in the early 1980s, but dropped them by the late 1980s. Her main economic inspiration was Minford (who was and is an ass and a terrible person and also very unlikeable if you actually meet him in person, but that's another matter).
Now, there are reasons to denounce all of those things - almost no economists are monetarists any more because it simply didn't work; unbridled competition with support for those exposed to it has severe harms which were not sufficiently considered; and for political reasons competition reforms were much more focused on the labour market than on firms. But these are real theories with their own names, principles, and assumptions. Lumping them together under "neoliberalism" is nonsense. I'm very happy to sit here and criticise monetarism. The rational expectations premise and Lucas' surprise don't accurately depict reality, and make for bad assumptions, hence monetarism failed. But if you're going to do it, do it properly. Explicitly set out which ideas you are criticizing and why. Is neoliberalism monetarism? Is it an unhealthy relationship between political elites and business? Is it pro-competition policies (which, if done properly, are arguably *anti*-business)? Tell us exactly which one you mean, and why it is bad, and we'll probably agree. Tell us "they're neoliberal!" tells us absolutely nothing.
If you think that EU doesn't stand for corporatocracy maybe you haven't read enough about how Brussels works noawadays or the army of corporate lobbyists that are basically running it. Here, read an article I found from a quick google search to start you off:
https://www.theguardian.com/world/2014/may/08/lobbyists-european-parliament-brussels-corporate
Of course there are lobbyists. There are lobbyists in every political system on earth. I can't stand them either; I wish as much as you we could abolish their influence. The question is not "does the EU have lobbyists", it is "relatively, is the UK more or less subject to the influence of lobbyists as an EU member or a non-EU member?".
As a comparison, in 2007 the UK lobbying industry was worth £1.9bn. By contrast, the entire EU lobbying industry in 2014 was worth €1.5 billion (£1.26bn). When you consider as well the fact that the UK is a smaller market with a smaller number of politicians to influence, lobbying is
much worse at a UK-scale than an EU-scale. So you've not improved our corporatocracy at all, you've removed us from an arena where we faced relatively less of it. Well done.
As for your last paragraph, there are no words. You claim to have a masters in economics and you downplay the enormous advantage of a country having control of its economy and being able to devalue its currency in a time of need. The Euro is often compared to the gold standard because that's what it is for many countries and the reason why the European South is still being pillaged. As for the myth about the creators of Euro actually wanting a true fiscal union, it's complete bullshit. Germany, France and other powerful nations at the time would never tax their citizens to support poor nations.
I didn't downplay the value of being able to devalue a currency. It's very important to be able to devalue your currency if you don't have a fiscal union with your trading partners. What I said was: the fact the Euro has ended up in the situation it has, has nothing to do with "neoliberalism", or monetarism. You mentioned Milton Friedman? He opposed the introduction of the Euro precisely
because of the lack of fiscal union (also lack of market convergence). Economists who argued for the introduction of the Euro also argued for greater fiscal integration, which they thought was a political possibility.
It wasn't, because you are quite right that Germany and France are unwilling to tax their citizens to support poorer EU nations. However, that, again, has nothing to do with "neoliberalism". The people you identified "neoliberalism" with (Friedman, for example), would have begged Germany and France to ignore the political demands of their citizens and to institute fiscal union. The reason Germany and France didn't do this is because the working class tends to have stronger nationalistic sentiment and would have voted any government that tried out of office - which goes against your idea that everything is the fault of big business (I mean, a lot of it is, but things are much more complex than that). Why do you think that the National Front, UKIP, AfD, all do better with the old industrial working class?
It basically comes down to this, the ruling class of powerful European nations created the EU free market and monetary union to sell their shit much much easier but NEVER wanted a fiscal union because that would mean actually paying for the enormous benefits of this union. Ever since they have either decimated or taken over the competition in most nations with weaker infrastructure and they continue to sell their shit to weaker european nations creating there huge deficits which much be corrected by pillaging the populations and national wealth of those nations.
If this was true, the United Kingdom would have joined so that we could have benefited. You can't say that this was a cabal of the banking industry twisting our political class and then ignore when the political class in Europe most under the leash of the banking industry does the opposite.
I also find it ridiculous how you blame The German working class for this when they have been subjected to years of racist propaganda against the European South because their systemic media wanted to divert attention from the complete and utter incompetence and greed of the German banks which afterall were the ones that were bailed out in 2009.
I'm not attaching moral blame, I'm just saying the German working class has been the biggest barrier to further European integration. Now, I agree that nationalistic sentiment has been whipped up by a corrosive media across Europe. I don't think that has much to do with wanting to divert attention from banks so much as wanting to sell papers - "Greek scroungers robbing Germany babies" sells papers, "Greek people turn out to be entirely ordinary and not really any different from you or I" tends not to.
However, at the end of the day, the question still comes back to "in which world are we more affected by political lobbying/the unhealthy relationship between big business and elites?". And the answer to that question is not "outside the EU", not when the United Kingdom is one of the world leaders in terms of all the things you've just complained about to a much bigger extent than the European Union. Maybe in some alternate universe where a revived Labour party was in a position to offer genuine socialist reforms, you'd have a case. You don't. You live in a universe where Theresa May is going to be the next Prime Minister. Well done, you played yourself.
Also, systemic isn't used like that.