Nevertheless, all seem to be going better, if we use as a barometer of capitalist profit. The margi

Publish articles Michel equal, economist Institute Economic and Social Research-IRES and member of the Scientific surplus auction Council of ATTAC, written in August 2011, which examines the evolution of the crisis of capitalism, as the contradictions and obstacles in front of. The equal sign is the international weekend of Rproject.gr, speaker in the debate surplus auction on the eurozone crisis.
As this article was completed, two major crises cloning capitalism and sank exchanges: the debt crisis in Europe as the U.S. debt ceiling surplus auction that worked. Chances are that competent governments will manage these crises, to the brink. Nevertheless, three years after the initial outbreak of the crisis, these serious trends show that we are far from solving the problem and cost, as originally presented on public budgets, passed most citizens. The aim of this article is to give an overview on the track that has gotten capitalism and consider the implications of the crisis period.
Nevertheless, all seem to be going better, if we use as a barometer of capitalist profit. The marginal surplus auction rate, ie the share of earnings per added value, recover. In the U.S., where he had initially sink [1], has now almost recovered to pre-crisis levels. In the Eurozone again, the decline started later and corresponding recovery was less direct: the marginal rate returned to levels of a decade ago, when he lost the recovery of the past decade, at least for now. (See also Figure 1). The gains, however, move upwards.
Moreover, one of the most dramatic features of the whole situation is the following: while passing austerity measures, unemployment remains high and wages are frozen or reduced, the first concern of banks and large companies were to start handing over dividends surplus auction and bonuses .
This growth, however, has several surplus auction different indications. GDP growth is also a good dseiktis regarding the health of capitalism (the welfare of citizens is an entirely different matter). Although ultimately the rate of profit is the decisive surplus auction criterion, its retention after crisis will last if there are not sufficient exports. From this perspective, the big question is whether it will overcome the turning point of the recession. We can do aprioritin estimate three scenarios: a return surplus auction to pre-crisis trend, sustained losses or even more deeply. surplus auction
The latest available data show that many countries have sustained losses. [For more details see: "Pertes de Pib et facture de crise", note hussonet number 35, July 2011, http://hussonet.free.fr/pertepib.pdf]]. In the first quarter of 2011, several had not managed to recapture the GDP levels surplus auction that were pre crisis: what happens in countries like Japan, the United Kingdom, surplus auction Spain and Italy. The U.S., Germany and Sweden only managed to France is just. But the reintroduction of GDP at previous levels does not mean that the losses were covered. This reading of the data enables us to determine surplus auction their trends perpetuity.
A dissolved Europe: If France, surplus auction Germany and Sweden topped the reef, things are totally different in a number of other countries: Spain, Greece, the United Kingdom, Ireland, Iceland, surplus auction Italy and Portugal have been very large crown loss or have significant difficulties to maintain the momentum.
The old capitalist countries behind: The U.S. currently have regained the pre-crisis growth rates. The EU -As a whole - achieves more difficult and not fill the gap so far. Finally, Japan is far from the target, and its GDP drops again after the nuclear surplus auction disaster at Fukushima. On the other hand, the development of two major developing countries (China and India) continues and so far have not been affected by the crisis. Other (Russia, S. Korea and Brazil) have undergone a more significant decline in their activities.
The cost has not yet been repaid: The loss of economic growth do not seem to heal. Even if the economies of the U.S. and EU return to standard growth surplus auction rates were, the "loss of income" would not have been covered. The above we can calculate as the gap between surplus auction GDP observed and what we can infer making a projection of the pre-crisis trend. This gap is estimated surplus auction at 8% for the Eurozone and 6% for the U.S.. The U.S. GDP is about 15 trillion dollars and the GDP of the Eurozone at around 9.4 trillion (ie about 12 trillion). Briefly, crown loss