Spain just seemed to have a mess of a leadership. Franco's regime was in principle a conservative response to the rising communist/socialist powers. However, it seemed that ideology was second fiddle to personal aggrandizement. Franco and his cronies accumulated great riches. Spain would boom and bust.
Even post Franco, the leadership had interesting ways of doing things. King Juan Carlos was popular. But his reputation fell in part due to a "friendship" with a lady. The country was able to prosper with huge construction booms. However, these would be very cyclical, leaving periods of massive unemployment. There was also plenty of corruption in rezoning of properties to allow for the big construction booms.
There is also the matter of Catalan and Basque country. There are regular cries for independence and plebiscite votes, and even violence. However, the regions still remain part of Spain. The leftists, especially in the cities, regularly rise up in the name of workers. Some people do end up with nice government jobs, but the workers often do not end up significantly better off.
The book paints a picture of a continual mess of corruption and incompetence that has not really changed in the past century. Luckily, the Germans and Brits love the land and somehow find a way of helping to keep the Spanish governmental mess from collapsing.
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