STOREP CONFERENCES, STOREP 2017 - Investments, Finance, and Instability

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Finance, Industry and Imbalances: Questioning the Crisis of the Eurozone, and the Impasses of the Critical Approaches
Riccardo Bellofiore

Last modified: 2017-05-30

Abstract


The paper presents some theses on the global and European capitalist crisis since 2007. There will be no developed arguments, just provocative tweets. The arguments may be found in the papers written since 2005 by the two authors, either alone or together, or with Joseph Halevi, or with Mariana Mortagua. We will look at the new features of the capitalist phase since the early 1980s, and how finance and industry have integrated themselves, in a geographicaly uneven way: so much so that both the nature of the crisis and its resolution (globally, and in Europe) requires a new theoretical and policy framework. This has lead us to maintain that 'leaving the euro is the answer to the wrong question'.

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