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Decade after decade education in Spain has been attacked, reducing the amount of hours spent on basic subjects (check OECD stats), and allowing 17 different education systems to appease nationalists. This meant the bar had to be lowered, which affected college output. Spain has also absolute and radical aversion to the private enterprise collaborating with universities, meaning that research is poor and underfunded. Barriers to entrepeneurship are high, both in the form of red tape, and taxes. Spain has, at any point in space and time, AT LEAST 3 bloated and redundant administrative layers: local, Comunidades, central state, with some areas having more (e.g. cabildos, diputaciones). More red tape, more redunancy, more pensions and benefits. This means more taxes. Like in the US, Spaniards have massively invested, with money they didn't have, in real state. Unlike in the US, though, Spaniards have been convinced any private property other than housing is useless, or plain evil, so there's ZERO equities culture, other than those having the 401k equivalent. Major Spanish corporations are less owned by Spaniards, compared to other countries like the US. And all these UBI equivent measures just feed into the same narrative: the State will feed you, no need to innovate, no need to work hard, and if you want to thrive, affiliate to a major party. The country lacks affordable housing See above: high taxes (e.g. IBI, property taxes), plus housing being the only true value reserve, inflate the prices. |