Abstract
Behind a theory of growth there is an idea about the causes of the crisis. Consequently, a proposal for the way out of the crisis inevitably derives from the theory of crisis. Precisely, the author highlights this link between certain explanations of both liberal and Keynesian currents in order to indicate their limitations. The chapter thus discusses the viability of an alternative economic policy project and the possible way out of Spain from the Eurozone. Conceptually, the author claims that the underlying issue has the following dilemma: get out of this crisis, or the way out of the system that generates economic crises.
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Notes
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it seems more appropriate, and above all cheaper, to collect coercively than to borrow at high interest rates, with the ever-present threat of economic bailouts and budget conditionality.
- 2.
This sectoral reconfiguration should allow the increase of the business size. As Coscubiela (2010: 361) claims, “this prospect is complicated by the ‘myth’ of the small. SMEs must be supported to stop being SMEs, not to continue as SMEs and being an instrument for outsourcing the costs of the crises by central companies. Ending the myth of the small becomes essential.”
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Even the BoS (2010) recognizes that there is evidence of the negative impact that temporary hiring has on business innovation, among other factors, because of the low motivation when workers know they will never have an indefinite contract, as well as the lower probability to receive training within the company.
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Thus, López and Rodríguez (2010: 464) explain this relationship between decentralization and the impulse to the real estate bubble: “The spatial fix of the Spanish accumulation regime was based precisely on the strong dynamism of the territorial entities, converted into the real operators of the accumulation cycle, which evidently included the structural subordination of territorial administrations to their function as competing urban boosters or promoters. From this perspective, the equation that made decentralization equivalent to democracy has been completely fallacious, to the point that the insistence on it is fully consistent with the competitive logic imprinted by globalization on local governments.” Unfortunately, it collides with some of the typical proposals of the Spanish left, which in many cases supports a discourse based on the allegedly benefits of decentralization, the limited municipal perspective, and a praise of “the small is beautiful” contrary to “large monopolies”.
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Mateo Tomé, J.P. (2019). The Way Out of Crises: From Diagnosis to a Program of Economic Policy. In: The Theory of Crisis and the Great Recession in Spain . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-27084-1_11
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