I was just listening to the EconTalk podcast, and the guest was a Spanish demographer that specifically said that Spanish train system was being starved for funding in the past 10 years or so. This is because the population is aging, and all of the growth in the economy is being directed towards pensions and health care for the rapidly growing number of retirees.
I was just listening to the EconTalk podcast, and the guest was a Spanish demographer that specifically said that Spanish train system was being starved for funding in the past 10 years or so. This is because the population is aging, and all of the growth in the economy is being directed towards pensions and health care for the rapidly growing number of retirees.