Socialism is a philosophy of failure, the creed of
ignorance, and the gospel of envy, its inherent virtue is the equal
sharing of misery. ~Sir Winston Churchill
So in a clear Q.E.D. of Churchill’s prophetic statement on the ‘equal sharing of misery’, the Wall Street Journal article titled “In New High, Spain’s Jobless Rate Nears 23% ” (source: http://hrng.us/yZgGJ0) also tells us that unemployment for those under 25 years of age is at 49.%. Yes, nearly half the people of Spain 25 and can not find a job!
Collectivized and stateist policies continue to wring jobs out of the Spanish economy by rigid regulations, mandating
generous spiraling benefit payouts and high dismissal costs. And for many employers the high dismissal costs are the single greatest disincentive to hiring. The dismissal cost is a penalty the employer must pay to discharge any employee. It penalty is set by the Worker’s Charter promulgated into law in 1980 and an ‘unfair dismal’ can equate to at least 42 months of Salary! The Worker’s Charter board rarely decides with the employer for reasons for termination thus leaving the Employer – on the hook for indeterminate financial liability! (source: http://www.ilo.org/public/english/bureau/inst/download/dp210_2011.pdf)
The lesson here is that – the Spanish government has forgotten the real purpose of business and instead thinks that purpose is to give people jobs.
Regrettably this seems to be the model our own government is too willing to embrace.