Grexit, De Long and the wages of Sinn | real utopias | Scoop.it
From thenextrecession.wordpress.com - July 27, 2015 2:59 AM

So there we have it.  The Keynesians say the way forward is through Grexit and so now do many Austerians.  Both see Grexit as a solution to save Greek capitalism. The Keynesians reckon it will ‘free’ Greek capitalism from austerity. The Austerians reckon it will ‘free’ the Euro leaders from the wasted funding of a failing capitalist economy.  But neither side is right if the profitability of capital does not recover in Greece and in Europe.