Wednesday, May 2, 2012

Unemployment in Europe. Where will it stop?

Click here to access article by Merijn Knibbe from Real-World Economics Review Blog.

What I think is really significant here are the high rates of unemployment for youth (under 25 years of age)--they are usually double the rate for the general working populations across Europe. Thus, it seems reasonable to expect to see the most militant activism taking place in Spain, Greece, and Portugal as well as in Europe in general. However, in this age of instant communication and electronic social networking, ideas and methods to combat the ravages of capitalism and imperialism will spread rapidly from one country to another.