... type of economic crisis which also creates further social problems. In the article "A Promise to Protect Pension Will Test Greece's Red Line on Austerity," it's explained that Greece is currently suffering the social problems of tax increases, pension cuts, and unemployment. Also, the country has ... new markets to exploit and by increasing their exploitation of existing markets" (Boyer 1998:153). Marx sees that this crisis is based on overproduction due to industrial development, which also collapses the social structure in what is known as "business cycles" (Boyer 1998:153 ... their pr...

• Word Count: 2043
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate