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Scoop.it!
Under austerity/immiseration capitalism, Europe is witnessing its deepest economic and social crisis since the Second World War. In 2012, more people lost their jobs than in any other year in the last two decades. The situation is particularly severe in southern and eastern European countries. For example, in Greece and Spain, one person in four is officially unemployed, with over half of young people without work (Schwarz, 2013). As Peter Schwarz (2013) puts it: 
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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