ABSTRACT
This chapter focuses on the impact of the global capitalist crisis on the Greek economy, and how this has impacted the social and political spheres there. As the dominant economic power in the European Union (EU), Germany has a lot at stake in the viability of both the euro and consequently Greece, and the rest of the PIIGS. Capitalism is a global enterprise that seeks profit maximization and capital accumulation wherever it can find it. The resistance has brought us to near-revolutionary situations, with the potential for socialist revolution. This volatility also exposes Greece to the possibility of new military coups or other brands of far-Right reaction. The world is clearly expressing a backlash against austerity measures, budget cuts, and the 'shock doctrine' agenda of Wall Street, the International Monetary Fund (IMF), and global capital as they affect countries across the globe.
