Financial Future Quotes



One fourth of the entire Spanish population was out of work in a depression what was in part caused by government austerity required by the other European capitalist nations in exchange for loans to keep the county from total financial collapse. The protesters tended to blame capitalism itself rather than the particular manifestation of capitalism that Spanish politicians and business leaders had implemented in the past and how Europe was currently reacting. Clearly one weakness of capitalism at the time was that recessions and depressions were too frequent, hard to recover from, with the pain borne by the poor and middle class while the rich and upper class was able to maintain their standard of living and in some cases make even more money.