David Harvey: 'The financial crisis is an urban crisis' | Comment is free | guardian.co.uk
Katyia 28 May 2012 10:02AM This comment was removed by a moderator because it didn't abide by our community standards. Replies may also be deleted. For more detail see our FAQs. 1nn1t 28 May 2012 10:04AM Response to GeorgeBall, 28 May 2012 9:40AM The Euro has shown, once again, this well known fact. The Med. countries cannot work their way out of the current crisis because they are not allowed an exchange rate with Northern Europe which can work.
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Greece is a few percent of the Euroarea economy which is overall solvent and not suffering a balance of payments crisis. What you say of Greece is also true of Liverpool's relation to the south of the UK. We went through all these problems in the C19 when the Poor Law attempted to provide relief parish by parish and the rich fled the parishes where the poor lived or drove the poor into neighbouring parishes. What we have now is a system where the rich can take their untaxed money out of Greece while leaving the Greek Government to be responsible for those who remain in the country. The US deals with this problem by taxing its citizens regardless of where in the world they live and earn. Want the citizenship, pay the taxes. If the Greek rich will not repatriate the money they have taken untaxed abroad over the last thirty years, and will not pay taxes on property they own abroad, revoke their citizenship. They can wander the world on Stateless Person papers. MarcusMoore 28 May 2012 10:12AM Harvey is a voice of sanity in an increasingly sad and strife-riddled world, where everything is based upon/relies upon/revolves around money - even though it has, in itself, no intrinsic value
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Published on May 28, 2013