Das spanische Modell
In: Prokla: Zeitschrift für kritische Sozialwissenschaft, Band 42, Heft 1, S. 113-134
ISSN: 0342-8176
"Prior to the debacle of 2008, Spain's economy was an object of particular admiration for Western commentators. In the context of the global crisis, however, Spain has been hovering on the brink of classification as a case for Eurozone bail-out, following Greece, Ireland and Portugal. We borrow from Robert Brenner's concept of 'asset-price Keynesianism' in order to analyse the recent crash of the Spanish economy as well as its social and political consequences. The bursting of the Spanish bubble has torn the veil from a highly polarized social order, with a large proportion of the population deep in debt, many out of work and dependent on public services doubly hit by spending cuts and privatization." (author's abstract)