Re: Spain Recoils as Its Hungry Forage Trash Bins for a Next Meal
The European Union's labor laws are the most stringent in the world. Its economic regulations are the most stringent in the world. Its taxes are some of the highest in the world (and increasing...Spain recently raised the value added tax to twenty-one percent!). Now its protection of trash bins is the most stringent in the world. As EU labor and business regulations destroy jobs and industry and as the European Central Bank destroys the common currency, Europe's destitute turn to bankrupt governments for the promised handouts in times of need...only to find the helping hand withdrawn. Now even trash bins are being padlocked by government decree. Ludwig von Mises explained long ago that socialism is not sustainable, because it is a system of redistribution and not one of production. Eventually there are no resources to plunder.