The Industrial Revolution in Spain

The vast riches of the new world, you know, extracted by the wholesale slaughter of the population. And it's alarmingly ineffective at helping the Spanish fight off rivals like France and resistance within their body politic like in the Netherlands. By the 19th century I was saying this on the stream yesterday. Instead of bringing bourgeois values to land owning like they did in the Netherlandslike they did in in England. Then you start living like aristocrats and just blowing all of their surplus instead of investing it in improving production.