Abstract
The volume of global financial transactions has grown faster than the global GDP since
1990. Imperialism leads to ever deeper crises. The financial, banking, and Euro-crisis is a crisis of
state monopoly capitalism. Lower wages and deeper social cuts have been the base for higher
accumulation in the FRG. German imperialism as the main power within the EU uses the EU and
the Euro-crisis as a vehicle to become a world power again.
1990. Imperialism leads to ever deeper crises. The financial, banking, and Euro-crisis is a crisis of
state monopoly capitalism. Lower wages and deeper social cuts have been the base for higher
accumulation in the FRG. German imperialism as the main power within the EU uses the EU and
the Euro-crisis as a vehicle to become a world power again.
| Original language | English |
|---|---|
| Pages (from-to) | 15-29 |
| Number of pages | 15 |
| Journal | World Review of Political Economy |
| Volume | 3 |
| Issue number | 1 |
| Publication status | Published - 2012 |
Keywords
- crisis development
- global financial transactions
- Euro
- crisis of state monopoly