Special thanks to Trends for making this episode possible. Join Trends today and get your first week for just $1! 👉 trends.co/ee

@ricardoalbertogg3654

3 жыл бұрын

I am from Spain xdddd

@TheSniperBoy

3 жыл бұрын

Alright, I said this last time and I’ll say it again, that M1 money supply graph is incredibly misleading. Most of that change was due to a change in accounting at the US fed for M1. The M2 money supply is a much more accurate measurement of the coronavirus change in money supply. I hope you can see this Mr Australian economics man.

@tescomealdeals4613

3 жыл бұрын

pls do economy of poland

@Marvin-ii7bh

3 жыл бұрын

you forgot to mention the eu recovery fund tho. spain will get quite a lot of money from that one...

@monmumu

3 жыл бұрын

How about we get a video about that M1 money supply chart but for a US outlook?

This man single handedly rescues the entire stock footage industry.

@EconomicsExplained

2 жыл бұрын

The Economics of Stock Footage? 😂 In case you were interested ... we use Storyblocks for all of our visuals (videoblocks.go2cloud.org/SHI9 ...when you sign up with our link, you'll also be supporting our channel!) ❤️ Thanks for watching the show Harsh!

@InYourDreams-Andia

2 жыл бұрын

😅🤟

@H-Zazoo

2 жыл бұрын

​@@EconomicsExplained The problem is that video imagery is very powerful. Stock content may be cost-effective, but you are talking about the potential dichotomies that Spain encounters in it's economy and your video content sends a message that is at odds with your audio message. The place looks just loaded with money! You might want to include some video content that shows the harsher side of living in the Spanish economy. Even when you talked about the massive increase in unemployment in the late 80s your video content wasn't that harsh, just some people walking about. Most of your video shows the wonderful weather in Spain against a backdrop of historic buildings with a nice bit of blue sea thrown in. It gave me the visual impression that there is nothing to worry about and that undervalues your audio content.

@fillhixx

2 жыл бұрын

I’m more exercised by the dangling participles in the script. #AnalsUnited ;-D

@jaakkopontinen

2 жыл бұрын

:D my thought as well! Well used, though.

"A huge waste of time at best; or a huge waste of money at worst." Definitely sounds like an economist. :)

@snterp

3 жыл бұрын

And a perfect sentence to describe life in Spain.

@quantumballs1488

3 жыл бұрын

😂

@Coeurebene1

3 жыл бұрын

but I thought time was money anyways

@mcseedat

3 жыл бұрын

Considering the fact that time is money That statement is redundant

@flo47

3 жыл бұрын

@@mcseedat my thoughts exactly

"This is Pain" Every Spaniard: "Exactly."

@hmartinspliff

3 жыл бұрын

La dolorosa, por favor!

@pabloordonezsantos6059

3 жыл бұрын

The name is pretty accurate 🙈🤣🤣🤣, unless you have businesses with the government, don't go to spain to make business 🤣🤣🤣

@albertpalazon1788

3 жыл бұрын

Exactly

@FaerieHijacker

3 жыл бұрын

Spain without the s

@C4lmaria

3 жыл бұрын

"This is spine"

“Spain should probably be the strongest nation on Earth, always destroying itself and coming back” Von Bismark

@Caperon81

3 жыл бұрын

Isn't that a quote from Otto von Bismark? "I am firmly convinced that Spain is the strongest country of the world. Century after century trying to destroy herself and still no success“

@Mariajbh2

3 жыл бұрын

This is fake

@Teporame

2 жыл бұрын

Spain also destroyed latin America. Siphoned trillions in todays currency for centuries and left those countries broken and in absolute turmoil. Spaniards are not very much loved in America, because they have not shed their colonial mentality.

@Mariajbh2

2 жыл бұрын

@@Teporame Another bot saying lies. Spain built Latin America, all the infrastructures, everything. When they left, they left a very rich world power, it is your fault for having made it a third world. If you have something, it is thanks to the Spanish

@CarlosGarcia-nl8jj

2 жыл бұрын

@@Teporame ??? Sabes que 0.1 es mayor que 0 ¿verdad? cuando España llego no había nada salvo unos imperio extremadamente anticuados en comparación y España los modernizó, decir que España destrozó latino américa es simplemente estúpido, tu queja es simplemente que cuando España se fue no erais mágicamente la primera potencia mundial, aunque en teoría dejo unos estados bastante normales para los estándares de la época, ni ricos ni pobres. 200 años más tarde y sois 3er mundistas y cualquier pais de latinoamerica que llego a ser rico decidió destruir su riqueza, no eches la culpa a España de vuestro fracaso.

The sceneries in Spain are truly breathtaking...

@totalnewb123

3 жыл бұрын

I shouldn’t laugh but..🥴🤣🤣🤣

@lastempire7302

3 жыл бұрын

@@totalnewb123 I hate to dish out the "but" 😂

@totalnewb123

3 жыл бұрын

@Drom Assault I have sick sense of humor. Pay no mind.

@manuam98

3 жыл бұрын

You are welcome to come enjoy them!!! (and we need your money please come 😅)

@whitecrowg1

3 жыл бұрын

you talking about the ugly towns and comie blocks on seasides which look overbuilt ugly and not appealing to the eye. its ok i wont vist they said tourists are not welcome

EE: "I don't feel like talking about another impending crisis, this week." Also EE: _Makes a video about Spain_

@raifikarj6698

3 жыл бұрын

Without the S

3 жыл бұрын

At least it's not Portugal... Trust on this one. We're way, way, worse...

@nicolasmoreno9442

3 жыл бұрын

@ At least you did better containing the virus than us Spaniards... So similar Spain and Portugal, corrupt politicians all the way to the top, excellent cuisine, always below their potential, and yet I feel bad the former ignores the latter, no wonder they have closer ties to the UK.

@santiagoperez-nk7ds

3 жыл бұрын

@@nicolasmoreno9442 Portugal is worse than us with the virus

@milomhoek

3 жыл бұрын

@ Not really sure if it is worse, for example, unemployment is much lower in Portugal

The engineering education in spanish university is quite good(hard) , as ppl tends to take 5, 6 or even more years to get a bachelor degree. If you graduate from UPM, UPC, UPV or any other university with any engineering major, then you will get a solid base for your job. The biggest question is that the compensation for your hard working in uni doesn't exist. The employment rate is so low that you can not find a job where your skill would be valued. That's the reason why so many spanish engineer move to other country.

@citizenoftheworldsz9

Жыл бұрын

Yes, thats exactly it

@lluisfargaslopez9603

3 ай бұрын

I am graduated from a relatively Unknown university from Catalonia (URV) which suports the petrochemical industry at Tarragona. The quality of our knowledge has nothing to envy to other great educational centres but, as stated on your comment the compensation is far from good. I know that with the years and senior Roles pay will increase but this doesn't makes up for the underpayment we suffer in our 20's and early 30's. From the Nuclear consulting sector wich I've been involved it means around 25k after taxes which, athough over the median does not compensated having to start to work at around 25 after achieving a master's

Is it just me, or he forgot to put Spain on the international leaderboard? I am particularly curious about that, I have been living in Madrid for the past 4 years, and I totally agree with the his analysis, though I have also seen massive foreign investments over the past 20 months or so, especially in IT, and on the other hand the government struggling to keep public hospitals and centros de salud open

Sooo many many middle-class and lower-class people have been struggling for sooo many years in spain. It's hard to see from all those gorgeous aerial drone shots.

@transliuotoriai

3 жыл бұрын

That's what I was thinking, I've been to most of these places and I don't remember feeling this lightness which is shown here. Spain has been stolen. Such a beautiful country with probably the best people around.. What a shame

@ignazioacerenza9881

3 жыл бұрын

Spanish people have been living in what they call crisis for years. They still go out for beers three times a week. I'll believe a drone shot over the complaints of a Spanish person.

@pennyforyourthots

3 жыл бұрын

@@ignazioacerenza9881 alcoholic minimum wage employees also go out for drinks 3 times a week, mostly to cope with the stress if struggling. That doesn't mean anything. Then again, it's much easier to ignore problem when it's obscured by a facade of success.

@ignazioacerenza9881

3 жыл бұрын

@@pennyforyourthots My point was that what is considered a crisis by Spanish people is a joke compared to what southamericans africans and middle-easterns endure. I have to listen to people complain about not being able to buy a second car while in my country, not twenty years ago, people were jumping off the balconies because their life savings were gone overnight. That was my point.

@transliuotoriai

3 жыл бұрын

@@ignazioacerenza9881 Suppose you were to go to a police station to complain about being mugged and police tell you there's someone who has been raped. What's your point? There are failed states in the world, so people shouldn't complain about mismanagement of their countries?

Spaniard here. I'd like to point out that apart from political instability (possible Catalonia secession) you have not covered that we have one of the eldest populations in the world. Many young people during the 2008 crisis moved to other countries for employment (such as myself to Australia). Many of them have not come back and I feel that after this Covid crisis many young ones will migrate again.

@joaquincimas1707

Жыл бұрын

1 year ago and we havent lost more population that we have gained. The problem lies with very well prepared individuals, thats were we are still losing population. Brain drain is a problem, i think it will be turn in this decade, if the growth in the tech sector continues as is doing today (in Spain) Time will tell, but im 25 and i dont see he future so dark.

@denniszenanywhere

Жыл бұрын

@@joaquincimas1707 Would the digital nomad visa approved recently bring in people with money to spend in Spain and boost its economy? May be it could also open up the country for startups who think the US and other countries are too expensive? Anyway, where do most Spaniards go these days for jobs? Edit: What about becoming an outsourcing hub like China, Philippines and India are to Asia?

@carlosanguita9778

Жыл бұрын

You are forgetting Spain has one of the smallest national population living abroad and that the inmigrants are more than the expats... And that Catalonia won't go away from Spain, as the nationalist movement had lost important part of its power last years, if they weren't able to be independent before, they won't in a near future.

@denniszenanywhere

Жыл бұрын

@@joaquincimas1707 with artificial intelligence taking over tech jobs, what is the future of Spain?

@lombingo

Жыл бұрын

Possible secession? That's a lie. It's literally impossible for Catalonia to leave Spain, that's a lie that's actually leaving them with a breathtaking situation as lots of companies are moving to Madrid. I am also one of the young people that moved outside Spain around 2008 but I came back in 2014, here u live much better than in most of the countries aut there.

We're not that bad either; Spain is the 12th richest country in the world with respect to its economic wealth, its citizens are the 13 richest in the world (median net wealth per inhabitant, 2018) surpassing the US and Germany and having reached 3rd in early century, more development (HDI) than France, exports more than England (395 B € vs 397 B $), with the 18th largest army (2021), has the 7 best infrastructure system and the lowest emigration in Europe, being the 10th with more immigration in the world, all with one of the best quality of life in the world

Even tho the pandemic hit Spain pretty hard, I think the future will be very kind to this Kingdom, it has everything going for it, it just needs time, I wish it well.

@ilikechocolate3741

2 жыл бұрын

It doesn't really work like that

@jesusperez-bz6pq

Жыл бұрын

If social-comunist dont govern

Please continue this series for every country.

@thisisnotmyrealname6046

3 жыл бұрын

I second that

@samirissa4661

3 жыл бұрын

He should do Lebanon as well and how the port explosion affected the economy

@jarradchapman4271

3 жыл бұрын

And more for individual states in federally-structured countries.

@nomadMik

3 жыл бұрын

But what about the leaderboard?

15:16 that graph is pretty misleading. One of the vertical axies starts from 0, the other doesn't. At first glance it looks like the money supply of both currencies increased by about the same factor. But the USD has more than quadripled, while the EUR is a bit more than doubled.

@rist98

3 жыл бұрын

And I think they even changed the definition of M1 in the US. So, the graph doesnt reflect reality?

@getcrepuscular9755

3 жыл бұрын

It's funny because a more competent graph would just prove his point of the euro supply growing slower than the dollar

@insane_troll

3 жыл бұрын

quadripled?

@Martcapt

3 жыл бұрын

Graphic shitfuckery should not be a feature imo... it's a shame really

@3Black.1Red

3 жыл бұрын

to be fair, his claim of usd supply growing faster is still true. but ​as​ @Get Crepuscular already said, a better graph would've prove his point even more

I share your videos with my kid brother who's just taking up economics in 11th standard. And he's already in love with it ! Thanks alot for unknowingly inspiring so many !

Spain and Portugal have beautiful places, absolutely.

@hugopereira5640

2 жыл бұрын

Todos os países tem lugares bonitos lol

The economy of pain

@EconomicsExplained

3 жыл бұрын

See what ya did there.

@pennyforyourthots

3 жыл бұрын

The economy of bread?

@itsyeboibangersheesh

3 жыл бұрын

@Flavia Canut-Broadviller Gibraltar is Spain. Also, just a tip that would help you british “people”, brush your teeth!!

@joaquincimas1707

3 жыл бұрын

Spaniards arent cool. Said by a British😂😂😂 British jokes are sometimes good, actually.

@ladinosaurio9204

3 жыл бұрын

@Flavia Canut-Broadviller Hey Brit isn't it time for your people to drink and pass out on the beach?

The series that made EE great 😊

@joaoalbertodosanjosgomes1536

3 жыл бұрын

FAKE NEWS.

@someguy8955

3 жыл бұрын

@@joaoalbertodosanjosgomes1536 o quê?

@spacspac2

3 жыл бұрын

The only series that made EE great 😊

I hear, see, read so many negative comments about Spain and it's precarious economic situation, But you know what...? I have lived here for 17 years now and have to say that Yes, there are problems here of course...., just as there are everywhere else in the world.. The difference is that here folks do not fret daily over the situation, they just accept it, make the best of it and carry on with life. It is absolutely pointless in worrying ceaselessly over things which we personally not control, just be aware of them, make the best of the situation and carry on living in which is still, after all a pretty good standard and way of living here..!

One thing that holds back the Spanish economy, which you haven't mentioned is that, as I understand it, all self-employed people in Spain are required to pay €285 per month in social security contributions. This punitive 'tax' is a huge barrier to business creation at the micro level and also encourages the black economy.

@KrlKngMrtssn

3 жыл бұрын

Over regulation of the labour market is something asked specifically by the Spanish voters themselves. As long as their education in economics is bad, they will continue to demand unrealistic and damaging politics from the government. The Spanish government is under pressure and sometimes in order to guarantee political stability, read to maintain a four year term mandate, they succumb to the unreasonable demands of the many uneducated voters.

@shinyshinythings

3 жыл бұрын

It’s not just a social security contribution, it also buys the autónomo and their family healthcare, plus parental leave, unemployment, etc. These are niceties that a freelancer in the US could only dream about when they’re just getting started, because they would cost so much money. (Particularly the health insurance!) The amount paid also varies based on the age of the autónomo and how long they’ve been in business. It starts at €60/mo, which is a pretty low price to pay for all those benefits. It takes two years to get to the full €300/mo. It’s supposed to be reformed soon to make it cheaper or costlier depending on earnings. Who knows when though.

@davidcufc

3 жыл бұрын

@@shinyshinythings Thank you for the detailed answer. What happens if you have a hobby-cum-business? For example I sometimes earn a modest amount of royalties from song-writing. There are periods when I earn nothing at all. How would the Spanish system work for someone like me? By the way Performing Rights Societies routinely report royalties to the tax authorities, at least they do in the UK and US and I imagine it's the same in Spain, so not declaring the income isn't an option even if it might be a temptation.

@davidcufc

2 жыл бұрын

@@burgendefadrik1909 Jorge. Muchas gracias por la información.

@ivandreuxzuev9473

2 жыл бұрын

@@davidcufc You will pay as much as anyone, that's all, the thing is that without paying that tax you can work, but you can't make bills because you are not an "autónomo" so you theorically can't receive any money from other people because your service is not legal

One of the biggest handicaps of Spain´s economy is "chorizos"; not the delicious meaty ones that you eat but the ones in the congress and the government.

@Angel-wo8gv

3 жыл бұрын

Spaniard here. The corruption in government here is VASTLY blown out of proportion. The real problem lies within the businessmen and the workers themselves, not to mention the real trademark of our country "La Picaresca" (look it up) which contaminates every-single-aspect of our lives and is, honestly, the cancer of this country.

@susomedin5770

3 жыл бұрын

@@Angel-wo8gv Que cantidad de chorradas dicen los cainitas simpre.

@janweber2889

3 жыл бұрын

@@Angel-wo8gv This attitude is also a hallmark of a large swath of Italian society as well - it's closely linked to the problems the government has with tax enforcement and collection.

@tfw2997

3 жыл бұрын

@@Angel-wo8gv wrong

@astrumespanol

3 жыл бұрын

jaja! ♥ que razón tienes

What about the one without the s

This channel has a strange fixation for predicting catastrophic consequences for the Spanish economy. A year has passed since the publication of this video and Spain economy is one of the strongest in the EU, controlling the inflation and creating more job positions than ever.

@VaroufakisTV

Жыл бұрын

Exactly. Aliexpress gurús

@rodrigojds

Жыл бұрын

where are they creating more job positions? certainly not in malaga. Or better yet...where are the job positions other than in the tourist sector?

Un año después España sigue en pie y con verduras en los supermercados

I was literally reading a thread about Youth Unemployment in Spain on reddit when this video popped out of my notifications lol

@mariano98ify

3 жыл бұрын

Do you have a link bro? I am from Spain and I am interested in read that

@estaruncix

3 жыл бұрын

anyone interested i can simplify as a spanish youth: You dont have work experience? good luck getting it while getting paid or not being enslaved.

@xaviers7806

3 жыл бұрын

@@estaruncix culpa del salario minimo

@manelsancheziruiz

3 жыл бұрын

@@estaruncix Are you over 50 ? You are inappropriate for this job.. Translated to English : Uff, we fear you could demand your legal rights !

@waiguoren

3 жыл бұрын

@@xaviers7806 bahahaha

It's soo good to learn about the economy of various countries in this way!!

i remember being in spain a few years ago in the south and hearing the horror stories of their economy. One of our tour guides said the government couldn't even make good on deals they made with investors.

@gonzalodiaz9326

2 жыл бұрын

That's what happens when the socialist party rules for 40 years.

@urbietorbi4114

2 жыл бұрын

@@gonzalodiaz9326 Toda la razón... Saludos.

@Shadowsuit

2 жыл бұрын

@@gonzalodiaz9326 Franco was a know socialist yeah, fascist but completely communist. Bro...

@donalvdonalv1455

2 жыл бұрын

@@Shadowsuit Franco died 46 years ago, don't sell me the same speech as the Spanish left. Bro...

@Shadowsuit

2 жыл бұрын

@@donalvdonalv1455 oh so after 30 years of dictature , which people in Spain still go to mourn, everybody went on the left. It's not due to the rightists government that made awful PPP or the fact that there is an issue with Spanish companies that never really wanted to go global. Ah oki, it's the left

Love visiting Spain and hope see it again when pandemic ends. The next fews years are going to continue being terbutaline for a lot of countries but I do see Spain coming out of it. I am more worried about Italy being the next country in the Eurozone to have a major financial crisis.

@michaelmccarthy9411

2 жыл бұрын

What does terbutaline mean?

@rotocoach5397

2 жыл бұрын

Probably meant turbulent

@hellfire5738

2 жыл бұрын

@@michaelmccarthy9411 yeah probably an autocorrect thing because terbutaline means: "a synthetic compound with bronchodilator properties, used especially in the treatment of asthma" Maybe he meant something else like *turbulent* (Roto Coach's comment pointed that out)

@lluisfargaslopez9603

3 ай бұрын

I think we, spaniards, already are suffering a major crisis although diluted within inflation and generational problems. For youngsters is extremely difficult to be financial independent of our parents.

Ah yes finally. I was wondering when EE is gonna drop another quality video and here it is. Always looking forward to your videos

"you're wachting this in federation" laughs in centralised state

@anthonysimmons3281

3 жыл бұрын

Same

@adamfrisk956

3 жыл бұрын

Laughs in Russian Federation

@Charvak-Atheist

3 жыл бұрын

which country ? I am just curious

@cathalgray4356

3 жыл бұрын

@@Charvak-Atheist republic of Ireland

@Bejunckt

3 жыл бұрын

In Spanish , you may hear that Spain is a “estado cuasi-federal” , it just means it’s a “quasi”-federal or “kinda but not exactly” a federal state, with the Autonomous Communities or state regions choosing which things they want to run themselves, and which things they want run by the central government.

Spain is a very unfriendly business country. I live and work here as a freelancer, the tax system is very high (not as high as countries like Germany or Switzerland) but still. Living in Spain mean paying taxes on your worldwide income, and if you want to open and run a company it is very difficult and very costly. I think if they were a lot more business friendly they could balance out their economy and be less tourist oriented, it would attract tons of people too because even in these circumstances it attracts people.

@ag.3820

3 жыл бұрын

@Impersonal Immigrant no thank you

@samis1219

2 жыл бұрын

Well, taxes in Switzerland is quite low

@burgendefadrik1909

2 жыл бұрын

@@samis1219 are you in Zug? Because if you're not, and you live in Geneva, then your statement is simply not true (income tax + health insurance cost)

@ivandreuxzuev9473

2 жыл бұрын

The tax system is actually higher in Spain than in Switzerland, Switzerland leads all Europe in % of the benefits that the habitant keep after paying the taxes. Even with that, Spain still is in the hight part of that list. But with the primal difference of that because the over regulation on the private sector the salarys are anywhere near to other European countries, and years ago of a countries like Switzerland

@ivandreuxzuev9473

2 жыл бұрын

@@burgendefadrik1909 In whole Switzerland taxes are quite low in comparation man, the % of the benefits that the medium habitant keep after paying taxes is the higher in Europe

I was half expecting the "this is Spain" section of the video to showcase stock footage of somewhere else like Portugal or somewhere else.

This video was very educational and I enjoyed it! Keep up the good work!

Being from Spain this is quite painful to watch, nevertheless great video!

@AmirSatt

3 жыл бұрын

"Cries in russian"

@joebloggs8292

3 жыл бұрын

The scenery is beautiful.

@RM-el3gw

2 жыл бұрын

*cries in most third world countries*

As a Spaniard myself I can tell you that you completely ruled out the political side of things for this video, which is the main driver for the downfall of Spain economically. Much of the information is right, but because of the complexity of the politics in Spain, there is not much room for future growth.

@TheBayzent

2 жыл бұрын

The political problem isn't but a symptom. We genuinelly have the best of our own in power, problem is, our best aren't even close to be as good as the worst of any of our neighbours, including Portugal and Morocco. We can blame politicians all day, but the problem is us. We suck.

@dargkkast6469

2 жыл бұрын

@@TheBayzent When it results from policies, then yes, the political part is the problem. The housing/real estate bubble came from there. Tho the problem is us the citizens, or well, those who vote people that act on their own interests... specially that one with the catchy jingle.

One of the few channels where I insta-like the video as soon as I start it

Do you have an alliance with the Caspian report? :D Same countries being in focus & I'm not complaining AT ALL

@TheDecree93

3 жыл бұрын

Caspian report is awesome

@cekan14

3 жыл бұрын

I was thinking the same. So happy to see my country featured lol

@Icenri

3 жыл бұрын

Spanish here an subscribed to both. You can tell I'm getting ready to migrate.

@hectorquinones5579

3 жыл бұрын

I was confused: for a second I thought the one from Caspian Report was actually from EE.

@cekan14

3 жыл бұрын

@Art Man I didn't hear anything about "aggressively" from that video

Great video! Nice to see a country economy video again! :)

Spain is the best country of the world, from Milano 🇮🇹

Start of the video: “I don’t feel like talking about a crisis” end of video: “so basically, everyone in Spain is fucked”

@ariadna9248

2 жыл бұрын

Laughs in Spanish

Ive been waiting for this video for so long

I have been looking forward to this

@OHOE1

3 жыл бұрын

Economi of Greece

@pennyforyourthots

3 жыл бұрын

Thanks count dooku

Thanks for the awesome content! You are doing a great service to humanity. I hope you get paid properly!

Not a good prediction I guess. Not only it's the country that it's growing more, but the main investing country in the Eurozone right now. Madrid is attracting investors like honey to bees. I see a good future for Spain.

Hi Mr Economics Man your videos got me into economics keep up the good work

@EconomicsExplained

3 жыл бұрын

Comment of the day. Thank you!

Pleaaseeeee make one for Portugal 🥺👉👈

@antoniolima1068

3 жыл бұрын

nã o o o o o o o o o o glup....

@korinthian7313

3 жыл бұрын

Portugal: Europe's bellybutton

@alexsayshi6782

3 жыл бұрын

@@korinthian7313 portugal is such a beautiful country, ion think its europes bellybutton

@endo4137

3 жыл бұрын

Yes please

@Beatboxerskills

3 жыл бұрын

The supplier of all textile "made in EU"

My oldest daughter(26) has been living in Spain since graduating college 3-4 years ago, she loves it and the people. I going to visit in a couple of weeks. She lives in Barcelona. Will spend my time there and in Southern Spain in the Andalusia area Granada! Sevilla, and Cadiz!!

@rsksssk3120

2 жыл бұрын

She has luck for live in Barcelona. I live in center Spain and i wish i could live in Barcelona

The economy of Spain is the best since 2008!

yesss i've been waiting for this

He said he was going to rank the economy, but did he? I think I must have missed it

@DanRoddy

3 жыл бұрын

I think you're right. Unless I also missed it.

@ipadair7345

3 жыл бұрын

@@DanRoddy the ranking are on the second channel of their's I think.

@EconomicsExplained

3 жыл бұрын

kzread.info/dash/bejne/l59pmKiPmpjFe6w.html 😎

@la28quinn79

3 жыл бұрын

He have posted it here - kzread.info/dash/bejne/l59pmKiPmpjFe6w.html

@ilFrancotti

3 жыл бұрын

Was about to write it..

Such gorgeous footage, I wish it was captioned with the location.

I usually learn something with each vidéo, but I feel i've learned more in this one.

So its basically Greece expansion pack

@nicolasmoreno9442

3 жыл бұрын

Gold Edition with future DLCs included

@dollarbill5471

3 жыл бұрын

@@nicolasmoreno9442 You have to pay a tax on whatever you want to do. Welcome to Spain hermano.

@The_Soviet_Onion

3 жыл бұрын

It’s like if the Netflix adaptation of Greece got more famous than Greece itself.

@MATTY110981

3 жыл бұрын

I think that’s Italy

@countbinfaceglobalpresiden7926

2 жыл бұрын

When's the next World War 3 expansion? The devs are becoming lazy smh.

I don't know why but that "oh boy" cracked me up.

Great video. One major benefit of the federated model in the US has been the ability of citizens to relocate the the economic system most suitable to their needs. Have an in-demand tech degree? California awaits. Financial whiz? You'll love New York. And because of this, whatever the current global economy needs, there's likely a state that has chosen that economic model or something close to it. Yes we end up paying more in relocation incentives, but the presence of meaningful choice forces the states' economies to adapt faster or face population outflow.

Could you do a video on France ? I really like your take on the subjects you adress, and your videos are super pleasant to watch.

My favorite series on KZread 👏👏👏👏

@EconomicsExplained

3 жыл бұрын

Thanks mate

@joaoalbertodosanjosgomes1536

3 жыл бұрын

FAKE NEWS.

12:50 Oh, I know about those people. I'm one of them! You say that highly skilled people leave the country and that's a negative outcome. But on the other hand, there is very little employment in that sector due to Spain's fixation on tourism. So the alternative to leave is to stay with very bad working conditions in high skill jobs, or even worse, fighting for the low-skill jobs with even more competition. In a way, I'm doing a small service to my country by leaving and prosper. Maybe later I can get back with money and experience to help it more efectively.

@Flamdring

3 жыл бұрын

Fully support your logic. Figuratively speaking, if your country is so messed up that it does not care about losing you, then why should you care about it? As you said, you can choose to return later, but why suffer in the meantime?

@arkheavyindutries

3 жыл бұрын

@@Flamdring well, I'm not really a heartfelt patriot. I suffer for my friends and family that have to deal with such a missmanaged country. And it also saddens me to see how an amazing place, with so many possibilities and potential, is wasted due to our politicians. Also, a part of me wishes I never had to leave in the first place.

@Bloperu

3 жыл бұрын

@@arkheavyindutries As a fellow spaniard abroad, I couldn’t have said it better

@xangarabana

3 жыл бұрын

Pues es curioso, porque hace cierto tiempo encontré unas estadísticas en las que mostraban que, entre los europeos que emigraban a otros países europeos, los españoles eran unos de los más propensos en volver a su país después de un período de tiempo en otro país

@CosmicReef

2 жыл бұрын

A friend of mine moved to spain. He has a high skilled job and earns 1.200 Euro. In Germany it would be more like 3.000 Euro (he is 30). The reason for his decision is that spain is so beautiful. It's an interesting decision that makes sense when you are money independent.

Indeed, Spain had the very first largest colonial empire in the world about 500-400 years ago. While the empire is long gone, it's effects on the world persist, given how Spanish is the world's second most spoken language.

@imb5128

Жыл бұрын

@Michelle it's not Spain's fault that Latam destroyed itself after getting their independence

@kokorospirit5006

Жыл бұрын

​@@imb5128 Sure, they had plenty of time (120 years or more since 1899s) to be developed as great countries by themselves.

@alanlezcano9648

5 ай бұрын

We shouldn’t have never separated from Spain to begin with, they wanted to divide us.

You did so much effort not mentioning the Catalonia issue, it's appreciated not to disturb the comment section! :))

6:19 need to update this bit of historical information. Separatist/nationalist movements in Catalonia, the Basque region, and Galicia precede Franco's dictatorship, and the Civil War. Also, the alleged concentration of power you mention had precious little to do with the that armed conflict. The Spanish Civil war was not an armed conflict between regions.

@MrJuanmarin99

3 жыл бұрын

He means that the current decentralized/autonomic system dates from the end of the dictatorship. As in the dictatorship years Spain was a centralized system. Before that it wasn't as segmented as today. Ex Castille, Madrid, Andalucia and Murcia weren't as different administratively as Castille and Catalonia.

@vladimirlenin3562

3 жыл бұрын

Catalonia anarchists right

One note, in the the Basque Autonomous Community and Navarra the taxes are collected by the local government and then a handout is negociated with the central government, this increases the expending in these local regions.

Maybe it is a good time to get another one about Spain?

"Why pay your employees well when you can pay someone else a penny?"

@TheBayzent

2 жыл бұрын

This plus "What do you mean over half of the population is working for the State (therefore requiring higher taxes)

You could do something similar to „Geography now“ where you do one of these videos about the economy of every country in the world

@fabio2000k

3 жыл бұрын

This is a great idea

@shotelco

3 жыл бұрын

Yeah, but National economies are dynamic (always in flux), where National geographies are static. So each Countries economy video would have to be updated regularly.

@alexsha3

3 жыл бұрын

I actually thought the same as you did! +1!

Unemployment in Andalucia is 22.5% and youth unemployment is 49.5%. These rates are common across Spain. That's going to cause long term scarring as a significant minority of the population will go through life without ever working.

@bd5040

3 жыл бұрын

jesus christ, i was living there in 2014 and it's hardly gotten any better?! unbelievable man

@cacholulu6749

3 жыл бұрын

Spain youth unemployment is almost 40% and it's not getting any better.

@vitorleite3095

3 жыл бұрын

If you combine that with a aging population and a failing EU economy banks then Spain is literally doomed just like Italy and Argentina.

@cryptoforstarters5157

3 жыл бұрын

@@cacholulu6749 you can be your own millionaire by investment in Bitcoin

@paulwood6729

3 жыл бұрын

@Red Dragons of Possessive Love Remember relative povity is unavoidable. Absolute povity bearly exists in the US, if at all.

I would like a second analysis in Spain, could be great, thanks for the video

The greatest problem of Spain really lies on its dependence on tourism to save us every year, but not being able to derive that money onto more stable ways of sustaining a country. Its a pity we have resorted to make our country somewhat of a vacation state.

@Alejojojo6

8 ай бұрын

Tourism makes just 10% of the Economy of Spain. The largest economic sector in the Spanish economy is manufactured good.

ufa!! thank God you missed, Portugal.

@joaor2332

3 жыл бұрын

Shhhh🤫

@joaoalbertodosanjosgomes1536

3 жыл бұрын

Another 💩 of the 🌎. Both must go to 🚽.

@Duck-wc9de

3 жыл бұрын

imagine if he chosed portugal... an even more desperate economy. não, a sério, muito mais desesperada. comparado connosco a espanha é uma super economia ultradesenvolvida. agradeçam ao socialismo.

@TugaAlphaz

3 жыл бұрын

@@Duck-wc9de Muito infelizmente.. Se EE fosse dado na escola, ou o mínimo de conhecimento de economia, o país virava liberal de um dia para o outro...

@PedroAlves-le2id

3 жыл бұрын

@@Duck-wc9de Nos 3 anos pré-covid Portugal cresceu mais que Espanha, não é assim tão desesperado lol

We will survive, we always have

@adambuss654

3 жыл бұрын

But not thrive..

@robymaru03

3 жыл бұрын

Yeah just like the aboriginal people, they survived the Spanish but couldn't manage to thrive again.

@adambuss654

3 жыл бұрын

@@robymaru03 yeah because the Spanish and the Aboriginal people of Australia are so similar... You do realise, the only reason Spain didn't rule 80% of the world, is because they couldn't beat the English, not that they had some moral opposition to what we did. Ps I'm not an apologist for things I didn't do, but I do acknowledge they were horrors of the past, and all nations have them.

@truebluekit

3 жыл бұрын

That sounds a lot like saying, "Many of us will die, but a few will slip through to escape death, and maybe continue to produce enough offspring so that we don't go extinct."

@ikad5229

3 жыл бұрын

@@adambuss654 The reason why Spain didn't ruled the world has barely anything to do with the British. Spain was the major power of Europe between 1492 and 1643, this being the discovery of America and the last battle of the Tercios, the Battle of Rocroi. In the Americas, Spain continued to be the major power till the end of the 18th Century. The British Empire started to be a major power in 1750s, when Spain was doing pretty bad and some decades later would lost their empire. So, it has nothing to do with the UK, because the major opposition power of Spain during their prime was France, mainly in the 17th Century. In the 16th Century, oh boy, you did not want to be against one of those Tercios.

The map you show when talking about the Autonomous Regions is actually a map of the provinces which together form Autonomous Regions. There are in total 17 Autonomous Regions and two Autonomous Cities.

Congrats on the 1 mil

It was a shame you said so little about Spain's multinationals. Zara is the obvious example, but you could also have talked about Talgo and CAF. I understand that when bids for the Haramain rolling stock were being considered, Talgo's bid was technically competitive with other bids, but vastly cheaper.

YES, FINALLY MY COUNTRY, HAVE BEEN WAITING THIS FOR SO LONG. Lets see how it goes, will comment on it afterwards

@DiversionG

3 жыл бұрын

Tenemos un 5 Ven amigo escapemos de España

@bafi29

3 жыл бұрын

Mis más sentidas condolencias 😔

@Angel-wo8gv

3 жыл бұрын

Pues yo me lo esperaba peor la verdad. Por lo menos tenemos un GDP bastante decente!

@typhoon008

3 жыл бұрын

@@DiversionG Dónde lo puso? Me perdí la clasificación... :-S

@jaimelazaro8012

3 жыл бұрын

@@typhoon008 esta en el canal secundario

You're my favourite keynesian economist! Well argued, less biased, if only the others were more like you, I would join your side of the isle :)

Great Video, would love to see one for Portugal

EE: Spain finds itself between a rock and a hard place Me planing to move to Spain: at least it's an upgrade from Venezuela...

@alicg7829

3 жыл бұрын

No te voy a negar que Venezuela está peor. Pero ojito con España que se está convirtiendo en la actual Argentina y no es broma. Digo actual Argentina, porque Argentina tiene pinta de volverse la igual a la actual Venezuela o a la Venezuela de hace unos pocos años.

@Rafael-CL

3 жыл бұрын

somos 2 yo pensando que bueno si logro salir voy un par de años y pasaporte europeo y adiós maldito saime ya después si veo mal las cosas bueno ya podre ir a otro lado sin tanto problema,aunque a mi me gusta mucho el país.

@Rafael-CL

3 жыл бұрын

@@alicg7829 España necesita reformas urgentes y profundas pero no veo voluntad política para eso porque muchas medidas serian impopulares.

@strausan

3 жыл бұрын

I feel like the comments below are exaggerating quite a bit. Spain will not become Argentina, nor Venezuela. It's basically where Brits and Germans spend their vacation and because of simple geography, as soon as covid's over that will return Spain to its baseline of a mediocre yet reliable economy. Covid hit Spain hard but the beaches are still there.

@Rafael-CL

3 жыл бұрын

@@strausan as I said Spain needs reforms now, Spain it's a great country with a lot of culture and first world's infrastucture with economic reforms the country will improve.

As spaniard, I feel so bad about this :_( , at least get a like for the awesomess of this channel.

@joebloggs8292

3 жыл бұрын

Don’t feel bad, Spain looks beautiful in those shots. Me encanta España.

@anon614

3 жыл бұрын

Spanish here. I dont feel bad. Me and my closest people have access to a quality of good and a quality of Life that i havent seen anywhere and i have been in almost allí european countries. We sure have many issues take care of, as any other Big relevant country

@skuzzlebutt33

2 жыл бұрын

Don’t feel bad mate, you will come through this. Much love from the uk, hope to visit your beautiful country soon, with my son who is learning Spanish.

@anon614

2 жыл бұрын

@Michelle Not really. Most europeans come to spain when they are old to retire. Here with a good ammount of money you live way better. Its a matter of climate. Sun, beaches, good weather, clean skies, and also all sort of modern infraestructures. In Nordic countries you have ice, dark skies, cold, etc.

Loving all the originally shot footage ;)

Great info thanks

Any plans to go back and give every explained economy a score on the leaderboard? Thanks for the video!

@XinadSky

3 жыл бұрын

You can find them on his second channel

@ILikeVideos62

3 жыл бұрын

@@XinadSky as far back as Argentina. But I wanna see if North Korea is in the negatives 😂

@kevingonzalez7464

3 жыл бұрын

@@XinadSky what is the name of the second channel

@ILikeVideos62

3 жыл бұрын

@@kevingonzalez7464 Economies Explained 2

@ILikeVideos62

3 жыл бұрын

*Economics Explained 2

Please make one about eastern european countries, poland or romania

@1LIFEtoWIN

3 жыл бұрын

Romania is big for digital nomads

@penguinsfan251

3 жыл бұрын

Poland is in Central Europe and is a Western nation.

@daco7612

3 жыл бұрын

@@penguinsfan251 the only Ones saying that Poland Is a western european country are disillusioned polish

you forgot about the ranking! great vid tho, keep em coming ❤️

The problem, for me, with a lot of countries in the EU it's that their economic systems is so tied to the political problems that if you focus only on the economic or industrial (turism, etc.) part, it's difficult to understand all the future problems we will face in Spain :( Covid, climatic change, immigration and all of that aside.

Would be awesome to look at Spain's position in the national leaderboard. Thanks!

@EconomicsExplained

3 жыл бұрын

kzread.info/dash/bejne/l59pmKiPmpjFe6w.html 😎

@klm9440

3 жыл бұрын

@@EconomicsExplained 😎

So glad to see my country covered, man. Thank you! I just hope the economic model of Spain can changed a little bit from tourism to a more sustainable one, because it is becoming a huge issue to rely so much on it.

one of the best channel

Thank you for including stock footage of Indianapolis in your states discussion.

There needs to be 3 leaderboards. 1.) small economy (50k-1million population) 2.) midsize economy (1million -25 million population 3.) large economy (25 million+)

@EconomicsExplained

3 жыл бұрын

Interesting idea! Thanks for sharing.

@nicolasinvernizzi6140

3 жыл бұрын

i like your idea. also i like your avatar....lol

@prithvishetty6938

3 жыл бұрын

India and china: how cute

@yashvashistha6004

3 жыл бұрын

Very large for USA, China, India, Japan, Germany, UK, France

@ERS2000

3 жыл бұрын

@@EconomicsExplained thanks for replying this made my day!!! Love your content!!

Economics Explained: You can't build a house in China and overnight ship it... Jeff Bezos: Hold my vest!

@peekster0

3 жыл бұрын

They sure can ship the workers from countries with cheap labor over to keep labor cost low while housing prices continue to the moon

@kevincronk7981

3 жыл бұрын

Ok built in China then brought to another part of the globe is a bit extreme, but here in the US we have manufactured homes which are a massive thing and basically are just pre existing designs built in a part of the country where it's cheap to do so and shipped to where it's demanded

@germangarcia6118

2 жыл бұрын

I was waiting for a "yet" that never came

@jdmortega9121

2 жыл бұрын

Bezos's grandfather was Spanish man ....

An one year later...better numbers that any other😂😂

Love the way you say “Spain”

Make a video about the recent record US borrowing. Would be interesting to see if it leads to hyperinflation.

@Isotempo

3 жыл бұрын

Yes please do this

@depth386

3 жыл бұрын

Bizzarely, the world loves USD no matter what the US does

@robertabella1806

3 жыл бұрын

@@depth386 that's what being a superpower means

@kofiamoako3098

3 жыл бұрын

He already did.... like months ago

@sorsorsor11

3 жыл бұрын

@@depth386 Meh, it's not like we had any other options 20,30,50 years ago. Today you can have reserve in Yen or Euro too if you want valid, strong currencies. Also China is offloading their US based debt by a crazy rate. Technically the US have to pay back 'less' because the amounts stay the same but buying power is less, so it's good for the US. But if they offloading and the rest of the world also than the US is in deeeep sheit.

I just moved here to Spain in February for retirement. The prices for everything except for the basics like food are crazy. The bureaucracy is a nightmare. They just boosted electricity prices. They are planning to put tolls on all highways. And drop speed limits on the secondary roads so that people won't flee to them to avoid the tolls. I want to find a different country in Europe to relocate to, but my wife, who doesn't have to deal with anything official or pay bills other than food wants to stay.

@idkmyname7211

2 жыл бұрын

Sounds so similar to Greece, except food is also expensive and tolls on highways have been existing since forever...

@antoniolopezlopez4236

Жыл бұрын

If you think Spain is a burocracy nightmare, wait to see Germany where i am living now. They took TWO YEARS to give my taxes money back, and I have to say that taxes are quite quite high. Here the realstate market is also a nightmare and prices are quite high... so good luck.

Great video best bit is 9:37 when the builder on the roof spots the drone camera and about shits himself

Can i get a heart EE.. u ve grown so much.. and now u re making a video about Spain😁 good on you folks. Keep going

The point about “regions in Spain being run by Presidents” as an example of the level of separate identity between regions is a bit misleading. The title of the Spanish government’s head is “President of the Government” (equivalent to a prime minister). This style (President of some organization, instead of President of Spain or President of some region) continues at the regional level. For example, in Andalucía, it’s regional head of government is “President of the Junta of Andalucía”. Basically, “President of (local government entity)” is a stylistic tradition in Spain at all levels of government, not a sign of separation.

You're finally speaking about my country and it's for this reason lol

Would love to see an analysis of Portugal, keep up the good job