Learning Paths » 5B Interacting
In the article "The crisis of capitalism", taken from "The Guardian", not only the financial crisis in Europe but more specifically the Italian crisis is discussed by journalist Riccardo Bellofiore.
He provides a key to read and understand the situation. He analyzes the limits of the euro zone, and so some important elements need to be considered: its single currency, the central bank, an insignificant European budget and a different speed of economy in each member State.
At the end of his article, the economist points out that this is not just a financial crisis but a crisis of capitalism. Some economists have tried to provide a solution to such crisis: first of all, a socialization of investments, more efficient banks, programmes of utility, a state intervention as a direct provider of employment and capital controls.