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PCasarolli - Analysis
by PCasarolli - (2012-10-04)
Up to  5B - The Crisis of CapitalismUp to task document list


The
Guardian: summary





From the title of Riccardo Bellofiore article(a crisis of capitalism)
appeared in the Guardian we can  understand what will deal with the crisis that arose in Europe and
damaged
several countries including
Italy. it is precisely this
state which is taken as an example by the journalist:
indeed the crisis
in our country have opposed especially comedians, going to criticize both life
and the work of the prosecutor, often distracted by sex: indeed Marx wrote:
"History repeats itself first as tragedy, then as farce".



There
are many problems that led to the crisis, including having a single currency
and imposition of Germany to balance the budget. Indeed Bellofiore in the third
paragraph explains that the crisis of Europe and of Italy were not born inside
them and that the "German neo-mercantilism survived only thanks to United
States-driven exports".





From the paragraph 7 the journalist begins to analyze
the problems of Italy: first of all the decline in labor productivity and
growth rate create a problem in capitalist system. To answer to the problem
Capitalism intensifies labor rather than innovate it: it causes the disappear
of industrial sectors, the importation of technology and the privatization of
public  enterprise. The fatal blow is the
flexibility of labor and the collapse of labor productivity.



Leave the euro is not a good way to resolve the situation, however, if the central bank
would provide those financial aid that has not yet granted some
countries such as
Greece, Portugal,
Ireland and Italy could begin the process of balancing
the budget
that Germany has set itself the goal:
the exit from the euro of these countries would result in a total crisis of the European Union.



Finally Bellofiore
says the crisis is a capitalist  crisis:
"a new deal should be part of a wider program of the European left, who should
push for a socialization of investments, banks as public utilities, the
invention of the state as direct provider of employments, and capital control".