Al-USA

Spain's Unemployment Continues to Surge: Will It Hit 20%?

Spain has a rich history of revolution in its past. In fact, its very recent past as well. This is a clear failure of capitalism: a crisis of over-production. They artificially increased the limits of the market (demand) by credit which merely served to temporarily postpone the crisis.

At 20% unemployment, assuming the Spanish government does not manipulate, downwards, figures like the USA does, capitalism is no longer delivering the "goods". If this goes on for much longer, capitalism in Spain will even be a threat to the countrys' civilization...

The Spanish ruling class must certainly fear a mobilization of the masses which, in my opinion, is only a matter of time.

JPMorgan Global Manufacturing PMI Shows Another Severe Contraction in February

Looks like the end of civilization, or capitalism if this goes on for years...