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>> >> > > A little perspective is required. Iceland has a population of about > 323,000--about 20,000 less than Aurora, California. It also has an economy > that is export-oriented, with its fisheries number two in the world next to > Norway. As opposed to Greece, it has flourished for a half-century or so > until it ran into a brick wall in 2007. By contrast, Greece has been > dysfunctional economically since the 1930s. The meaning of “dysfunctional economically” isn’t that clear in marxist terms. Moreover, it isn’t easy to understand how the (supposed) condition of a less export-oriented economy could favor the choice to stay in a currency area that is essentially a mercantilist one. _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
