Greece's (un) competitive capitalism and the economic crisis :
[Book]
how the memoranda changed society, politics and the economy /
Spyros Sakellaropoulos.
Cham, Switzerland :
Palgrave Macmillan,
[2019]
1 online resource (xvi, 297 pages)
Intro; Contents; List of Tables; Introduction; 1: The International Economic Crisis; Introduction; Failure to Overcome the Crisis of 1973; The Financial Sphere's Choice (Public Borrowing and Financialization); The Crisis of Financialization; The European Crisis; References; 2: The Greek Crisis; Introduction; On the Bloated Public Sector, Excessively High Wages and Other Such; The Real Problem: The Lack of Competitiveness of Greek Capitalism and the Aggravation of This Phenomenon in Times of Crisis; The Crisis in the Current Account Balance; On the Question of Debt
Changes in the Internal Operation of State MechanismsThe Direct Involvement of the Troika and the Creditors' Mechanisms in the Operation of State Institutions; The Direction of Things; References; 8: The Reaction of the Dominated Classes 2010-2015; 9: The Crisis of the Party System; 10: Assessing the Crisis and the Dynamics of the Future; 11: Conclusion; References; Index
The Distribution of Wealth and the Growth of Social InequalitiesThe Growth of Poverty; The Crisis in Health Care; References; 6: Change in Social Stratification in the Greece of Crisis (2009-2017); Introduction; The Theoretical Framework; Changes in Social Stratification; References; 7: Transformations in the State; Introduction; The International Context; The Issue of Authoritarian Statism; What Are the Characteristics of Authoritarian Statism?; The Role of European Monetary Union (EMU) and the EU; Authoritarian Transformation of the Greek State
The Question of the Public Deficit and the Role of TaxationThe Banking System; The Coming of the Crisis; References; 3: Addressing the Crisis Through Support Packages and Memoranda; 4: Changes in the Economy; Introduction; The Evolution of Key Elements in the Greek Economy; The Situation in Individual Sectors and Subsectors; The Survival and Growth of the Most Competitive Oligopolistic Enterprises; References; 5: The Social Impact of the Crisis; Introduction; Impact on Income; The Changes in Labour Relations; The Rise in Unemployment
0
8
8
8
This book reviews the profound transformation to the Greek political economy in recent years and considers the reasons that have led to this transformation. Further, the author explores the social experimentation and social diversity that evolved as a result of the Greek and international economic crises. By challenging various assumptions made about the crisis, the author sheds light on Greek social relations and the country's particular type of capitalist development. This book will be of value to both economists and sociologists, linking discussions about social class with economic, political and institutional analyses.