Thursday, April 25, 2013

Spain is in serious trouble

I didn't realize just how bad the struggle goes in Spain. The BBC is reporting they're at 27.2% unemployment. If their government is like our present federal government, they're probably lying about the figure. You can add a few percent.

I wish them the best, and I think time may fix the problem, but I also think that with a population that has been indoctrinated on massive handouts and entitlements from cradle to grave, they will be unwilling to do what's necessary to get their economy going again. They need to induce people to start businesses, and existing businesses to increase hiring. They need to become more capitalist, which is the greatest job-creation engine humanity has yet discovered.

Socialists who are used to earning more than the job is worth, getting an obscene amount of paid time off, and "free" healthcare and other subsidies, are unlikely to see the light.

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