VersoBooks.com
▻http://www.versobooks.com/blogs/2059-the-war-on-the-neoliberal-trinity-s-europe-paolo-ercolani-reviews-a
Indeed, in a book that is of fundamental importance for understanding our time, Globalization and Its Discontents, Stiglitz provided a precisely-detailed, incontrovertible analysis of the collapse of the countries (for instance Argentina) that were subject to the global troika (IMF, World Bank, WTO) in the 1990s. Whereas in those same years China, for example – one of the countries that disdainfully rejected these impositions (also because it was able to do so, in virtue of its military power) – laid the bases for it to explode onto the world stage as an economic power.
Around a decade later, after the unforeseeable developments of finance capitalism had witnessed the growth of precisely those countries who had opposed neoliberal dogmas (China, but also India and Brazil), it was now Europe’s turn not only to deal with a very serious and prolonged phase of stagnation and crisis, but also with the very same diktats with which economic theology claims to offer the route to salvation.
By means of a new and particular troika (the European Commission, the ECB and the IMF), the vague and incomplete entity that answers to the name “Europe” found itself faced with the most dramatic déjà vu of its recent history. It could ignore the past and submit to the diktats that had led to disaster and widespread poverty everywhere that they were applied, or else stand strong against them and construct an alternative solution.
#dette #austérité #Lapavitsas #Syriza #UE #FMI #grexit #Europe #nous_travaillons_actuellement_pour_l'Europe #BCE #Grèce
