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FINANCIAL AND CURRENCY CRISIS UNDERMINES THE EURO AND NATIONAL SOVEREIGNTY
Abstract
The euro crisis reveals that, under imperialist conditions, oppressor nations developed and they are oppressing other nations. Less money capital of "rentiers" and "usurers" finds its way into the sphere of production to extract surplus value, but circulates in the financial sector as "fictitious capital" instead. The financial crisis shows where wealth is produced and how the capitalist crisis starting in the sphere of production, penetrated the financial sector and from there the most powerful EU states too. To rescue the rich, governments try to pass on the losses to the working people and the poor. The imperialist states try to pass on the burden to the weaker states, denying their national sovereignty. When the working class and the peoples organize resistance, the struggle amongst monopolies and national states over sharing the wealth and passing on the losses becomes fierce. The danger of fascism and war grows.
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Notes
W. I. Lenin, Gesammelte Werke, Band 21 (Berlin: Dietz-Verlag, 1974), p. 342.
Kommunistische Arbeiterzeitung (KAZ) (Nürnberg), No. 288, May 1998.
W. I. Lenin, Gesammelte Werke, Band 23 (Berlin: Dietz-Verlag, 1987), pp. 11-17.
Irish Independent, March 22, 2011.
W. I. Lenin, Gesammelte Werke, Band 22 (Berlin: Dietz-Verlag, 1978), pp. 281-285.
Ibid.
Ibid.
K. Marx, Das Kapital, 3, MEW Band 25 (Berlin: Dietz-Verlag, 1988), p. 483.
Financial Times Deutschland, December 7, 2010 ibid.
Financial Times Deutschland, April 28, 2010
Enfu Cheng, Opening address of 5th Forum of WAPE, Thesis Collection, Suzhou, PR of China, 2010, pp. 2-3.