Greece in the Embrace of the Three

  • Nikolay Scarlatov
  • Author:  Nikolay Scarlatov
  • Year: 10-04-2014
  • Availability:  In Stock
  • Product Code:  1301-01
  • SKU: 04.0032
  • ISBN: 978-619-152-397-9

  • Ex Tax: €4.26


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Today, in Greece, there are all the positive and negative effects of globalization. As in other European countries, the market has a leading role. Maintaining a social system requires high costs. A good financial resource is needed for the institutions and the social system to function well in the state. Greece can only provide it through credit and European subsidies. 

The country's debt has grown to 350 billion euros. Each government has left the next one to deal with the problem. The global market is profitable for developed and competitive economies and disadvantageous for underdeveloped economies. Developed countries produce more stock, that are cheaper and have better quality. So they conquer the markets of the smaller countries. The developed economies condemn these countries of poverty - their economies remain underdeveloped.

Neo-liberalism raises the financial oligarchy first. It is based on a strong concentration of bank capital, which also concentrates most of the means of production in its own right. The intertwining of corporate interests and politics in power gives birth to the oligarchy. The financial oligarchy subverts the political life and the political parties are idolized. In this way, oligarchs and corporations through parties manage governments.

The interweaving of corporate interests and politics in power generates not only the oligarchy but also corruption. Corporations, banks and oligarchs run the political elite, thus leading the state. Therefore, political parties differ only by which group of oligarchs or corporations are behind them. This creates favorable conditions for enormous corruption. This also happened in Greece.

About the Author

Nikolay Scarlatov

Nikolay Scarlatov

Nikolay Scarlatov was born in 1943. He graduated from high school and university in Sofia. He defended his doctorate at the Karl Marx Institute of Economics (now UNWE), Sofia. He has worked in the fie... Read more

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Tags: Globalization,Geopolitics,Political Science & Politics

Year 10-04-2014
Pages 160
Size 140/215 мм
Weight 0.2 kg
Cover Type Paperback
Genre Globalization, Geopolitics, Political Science & Politics

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