Mondragon as the New City-State

Re:Mondragon as the New City-State by ladyanita22 on Tuesday September 03, 2024 @04:13PM (#41438730)

It's located in Spain, a country not known for its vast wealth. Plus, it's in a special administrative region in Spain, the Basque Country. They enjoy subsidies and favorable treatment from the regional government.

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Re:Mondragon as the New City-State by user-one1 on Tuesday September 03, 2024 @04:34PM (#41438925)

Basque country is one of the richest regions in Spain, which is already a highly developed country. Not sure what you are talking about.

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Re:Mondragon as the New City-State by ladyanita22 on Tuesday September 03, 2024 @04:58PM (#41439133)

I'm from Spain, so I'm quite sure of what I'm talking about. Spain might be a highly developed country, but its gdp per capita is not too high compared to the likes of Germany, UK, France, Denmark, US, et al.

Basque country is, again, rich because it has an special tax treatment and could be considered a tax heaven to some extent.

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Re:Mondragon as the New City-State by nextos on Tuesday September 03, 2024 @05:21PM (#41439357)

The Basque Country has a GDP (PPP) of 108 [1]. Higher than France (101), as an average, or Italy (97).

I'd say its a well developed region comparable to Northern Italy. Both were badly hit by the Euro. Had they kept their own currencies, they'd be closer to Sweden or Southern Germany.

[1] https://www.eustat.eus/elementos/tbl0012365_i.html

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Re:Mondragon as the New City-State by ladyanita22 on Wednesday September 04, 2024 @07:23AM (#41444342)

Oh, I agree on that. I'm sure had we kept our currency, we would have suffered much less.

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Re:Mondragon as the New City-State by pier25 on Friday September 06, 2024 @12:58AM (#41463011)

You’re cherry picking. Why don’t you compare it with any country in latam, Africa, or Asia?

Spaniards tends to have this idea that Spain is a shithole when it’s really one of the best countries in the world.

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Re:Mondragon as the New City-State by WalterBright on Tuesday September 03, 2024 @08:58PM (#41440840)

> a country not known for its vast wealth

Its looting of the gold and silver from S. America apparently didn't help.

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Re:Mondragon as the New City-State by Apocryphon on Wednesday September 04, 2024 @01:47PM (#41448471)

https://en.wikipedia.org/wiki/Dutch_disease

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Re:Mondragon as the New City-State by UncleSlacky on Wednesday September 04, 2024 @03:09PM (#41449421)

They brought so much to Europe that they crashed the market.

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Re:Mondragon as the New City-State by WalterBright on Wednesday September 04, 2024 @03:32PM (#41449730)

Indeed. All they got was inflation. Just like our government flooding the country with printed money. Same cause, same effect It's not a mystery what causes inflation, and inflation does not result in prosperity.

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