Quote:
Originally Posted by SteveEisenberg
Since I agree with what you wrote in #22, this confuses me a bit.
This is the first time I've seen Spain's depression blamed on either litigiousness or price fixing. The most commonly claimed culprit is too much private debt AKA the real estate bubble.
Germany also has fixed book prices, and they are doing relatively well.
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Not litigiousness or price fixing but an environment that actively obstructs change, labour laws that make changes in a business nearly impossible and a culture of cronyism and corruption that is coming home to roost. All of those were factors in the creation of the bubble, along with debt granted by the truckload, low interest rates and a perception that nothing was ever going to change for the worse.
And if it does then it has to be someone else's fault, hence the lawsuit.