Question
Hi I have to explain the Greek debt crisis using Marx's crisis theory (tendency of the rate of profit to fall). I cannot think of
Hi I have to explain the Greek debt crisis using Marx's crisis theory (tendency of the rate of profit to fall).
I cannot think of specific examples of the Greek debt crisis (in terms of causes, whats happening, actions taken etc) that I can talk about. Might it be how the Greek government have to repay loans therefore businesses are suffering and profits are falling even more as the economy is held back by austerity measures imposedby the bail out loan?
I understand the concept but having trouble connecting it to whats happening in Greece as I have to cite specific examples and I can't think of one.
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