The euro and its crisis: a financial or structural question?

  • 2010-04-22
Capitalism is constantly developing and advancing, resulting in qualitative changes in the way it reproduces itself. If until the 1970s, in both liberal and Keynesian capitalisms, the real sector (non-financial services and production of goods) was the most important to guarantee economic growth and development, since then the financial system has been assuming this role. This can be truly perceived by the rhetoric of the authorities, who care more about rating agencies and financial investments than about foreign direct investment in productive sectors. They forget that it is the latter...
 
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