Since the 1970s, global capitalism has been marked by evermore intense cycles of boom and crisis. Today, Spain is at the epicentre of a crisis that threatens the future of the eurozone. Drawing upon Marxian value theory, Charnock, Purcell, and Ribera-Fumaz explain the deep historical and structural roots of the crisis in Spain, contextualised within global political and economic transformations in recent decades. They analyse the most recent cycle of boom and crisis in Spain, the nexus among European circuits of financial capital, urbanisation, and the emergent dynamics of state austerity and popular revolt - from the indignados movement to demands for an independent Catalonia.

Spain is at the epicentre of a crisis that threatens the future of the Eurozone. This book explains the deep historical and structural roots of the current crisis in Spain. It analyses the nexus between European circuits of financial capital, urbanisation, and the emergent dynamics of state austerity and popular revolt.