Writing Resources
The theoretical idea of capitalism and its intimidating imprint on society has long discoursed throughout the era Wolfgang Streeck however worked on producing a very unconventional perspective on this controversial topic with a radical masterpiece called Buying Time 2014 This fundamental yet divergent book confers the continuous process of rich capitalist countries trying to gain more time and postponing one crisis to the next By buying time Streeck refers the idea of controlling the social conflicts utilizing pecuniary tools such as inflation financial and investment debt Streeck 2014 He talked about how the capitalism and the dimension of crisis changed their course over time and space throughout last 4 decades The crisis discussed in the book evolves from strike upsurge of the 1960s to fiscal crisis of Mediterranean countries from 2008 onwards The concluding attention leading towards the Eurozone crisis and the possible resolution of the crisis This paper will address the deep seated proposals of Streeck and his vision to the impending Eurozone crisis As per Streeck there are only two opportunities left to liberate the Eurozone from the ongoing crisis One is the dissolving of the eurozone and going back to own currencies As the devaluation of euro within the Eurozone countries as a tool to participate in equal competition is not present
