Munich Personal RePEc Archive

Κρίση, Σύγχρονος Καπιταλισμός και Ταξικές Ανακατατάξεις

Tsoulfidis, Lefter (2014): Κρίση, Σύγχρονος Καπιταλισμός και Ταξικές Ανακατατάξεις.

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Abstract

The economic crisis that inflicted Greece is international in character and its cause is in the decreasing profitability of capital which from a certain point onwards leads to the stagnation of profits, discourages new investment, reduces production and increases unemployment. If these are combined with the large public debt and the austerity economic policies that were pursued before and after the advent of the Troika, we may explain the vehemence with which the crisis affected the Greek economy. The crisis may also lead to new class realliances and furthermore show the direction and the requirements for the contemplation of an alternative economic policy.

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