Financial and Currency Crisis Undermines the Euro and National Sovereignty

Richard Corell, Ernst Herzog

科研成果: Article同行评审

52 下载量 (Pure)


The euro crisis reveals that, under imperialist conditions, oppressor nations developed
and they are oppressing other nations. Less money capital of “rentiers” and “usurers” finds its
way into the sphere of production to extract surplus value, but circulates in the financial sector
as “fictitious capital” instead. The financial crisis shows where wealth is produced and how the
capitalist crisis starting in the sphere of production, penetrated the financial sector and from there
the most powerful EU states too. To rescue the rich, governments try to pass on the losses to the
working people and the poor. The imperialist states try to pass on the burden to the weaker states,
denying their national sovereignty. When the working class and the peoples organize resistance,
the struggle amongst monopolies and national states over sharing the wealth and passing on the
losses becomes fierce. The danger of fascism and war grows.
期刊World Review of Political Economy
Published - 2011


探究 'Financial and Currency Crisis Undermines the Euro and National Sovereignty' 的科研主题。它们共同构成独一无二的指纹。