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November 25, 2012 12:46 PM Spanish bombs

By Kathleen Geier

Highly recommended: this piece by Dan Hancox in today’s Salon (it was originally published in The New Inquiry), about the political and economic unrest that Spain is experiencing as a result of the austerity crisis. The depth of the catastrophe there is staggering: a foreclosure crisis and repossessed homes; the economically desperate committing suicide; a 25% unemployment rate; a brisk market in the buying and selling of gold in Madrid’s public square; the C.E.O. of the country’s leading newspaper, El Pais, laying off nearly a third of the workforce and telling employees “we can’t keep living so well,” meanwhile pocketing a salary that is the equivalent of nearly $17 million a year, and on and on.

The good news is that Spaniards are fighting back, with everything from graffiti to rude slogans and songs to rallies and a highly successful one-day general strike. As yet, though, the protests haven’t cohered into a lasting movement for change. I fervently hope the Spanish left gets its act together and gets itself organized soon, because what’s going on there now is beyond brutal.

Kathleen Geier is a writer and public policy researcher who lives in Chicago. She blogs at Inequality Matters. Find her on Twitter: @Kathy_Gee

Comments

  • marty on November 25, 2012 2:22 PM:

    Congratulations, Republicans!

    Your economic plan rolls on!

  • c u n d gulag on November 25, 2012 3:47 PM:

    The pain, in Spain,
    Falls mainly on the plain.

    Same as it ever was... Same as it ever was... SAME AS IT EVER WAS!!!