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Chapter 8 The Bad Status Quo

Becoming the king of Italy, Carlo still did not get rid of his fate of having to attend classes. Not only that, he had to attend more classes. This made Carlo, who wanted to achieve great things, could only devote himself to many homework.

But he is not without his benefits, that is, he can read all kinds of Italian information at will, which also gives him a clear understanding of Italy.

But I didn't know if I didn't read it, and I was shocked when I saw it. The situation in Italy was not good at all, and it could even be said to be very bad.

First of all, Italy's domestic population reached 28.21 million. Although this number is not as high as Germany and France, it is higher than the 25.7 million people in the UK.

However, compared with the UK's main industrial finance, Italy's population is even more affected by agriculture, and it is well known that the output value of agriculture is the lowest. The proportion of Italian agriculture has always accounted for more than 50%, which is also among the best in Europe. It is conceivable how heavy the Italian economy depends on agriculture.

(To put it more, Italy did not reach the domestic agricultural proportion until 1900, which shows that in these 20 years, Italy's domestic industrialization has not been promoted at all.)

However, the key is that Italy is so dependent on agriculture, but the Italian terrain is not suitable for agricultural production. The terrain in Italy is mainly mountainous and hilly, and there are only small plains along the coast.

It is precisely because of this that the Italian economy is deeply dependent on the northern plains of Turin, Milan, Genoa, Venice and other cities.

At the same time, the gap between the rich and the poor in Italy in the north and south has also caused emotional confrontation among the people of the two places. Of course, economic reasons alone cannot cause such a great confrontation. In addition, religion, language, culture, customs, etc. are mixed with, which are serious tests for the Italian government and it.

Of course, this is also because Italy has been divided for too long. Although its national thinking has been recognized by the people, it has been difficult to change its habits for many years.

Of course, it would be great if the Italian problem was really that simple. In fact, Italy's problems were much more serious. First of all, although Italy's unity gave people a feeling of luck so suddenly, it also caused a lot of problems.

First of all, Italy is not rich in finance and mainly relies on agricultural taxes. In fact, it does not have much fiscal revenue. Its annual fiscal revenue is only 1.2 billion lira, while France in the same period was 2.95 billion francs (1 franc for 1 lira). From this we can see that France's fiscal revenue is 2.45 times that of Italy.

If you have more fiscal revenue, you can do more things alone, but if you have less fiscal revenue, you will naturally do fewer things.

However, the most urgent thing in Italy now is to connect all parts of the country, so it is urgent to build railway construction.

Italy has successively built many railway lines in recent years, such as the railway from Rome to Milan, the railway from Turin to Milan to Venice, etc. These railways are of course also gold swallowing beasts, which are extremely difficult for Italy, which has low fiscal revenue. Currently, the Italian fiscal data seen by Carlo shows that the current annual fiscal deficit reaches 300 million lira.

Then large-scale debt borrowing becomes the only option.

Fortunately, Italy's debt situation is still good at the moment, so Italian government bonds are not cold in the bond market. If they are as heavily in debt as Spain, they will probably not admit their interest rates of one or two cents.

However, seeing this situation, Carlo was worried because the current increase in government bonds by one-quarter of the fiscal revenue each year would put Italy too much debt burden, and maybe it would really have to borrow money like Spain did to pay interest.

Although Carlo was worried about this, he had no choice now. Although he was the king, the one who exercised the king's power was his uncle Amedio, the Duke of Aosta, who now needed to call him the Regent.

But unlike his father, the Regent did not have as much concern about the kingdom as his father. He did not take the time to handle government affairs as long as he went to the dance party. This made Carlo feel very frustrating, but he had no choice. Because according to European practice, it was impossible for him to gain power before he became an adult.

Despite this, I am still in my heart, and I still understand the situation in Italy.

Currently, there are fewer workers in Italy, and their wages are at a low level in Europe. This has a lot to do with the excessive unemployed population in China. According to government statistics, the current unemployed population in Italy is around 6%, but Carlo believes that this number is wrong, because Italy immigrates to foreign countries every year.

Currently Italy is the second largest foreign immigrant country in Europe, second only to the UK. However, compared with Britain's main immigrants to its own colonies, Italy's foreign immigrants are more unable to survive and want to immigrate. It should be pointed out here that Germany, a country of immigrants that has always been famous with Italy, has now rapidly decreased in the number of foreign immigrants. The annual migration volume has dropped from 200,000 to about 300,000 to about 100,000 now, and the number of immigrants has plummeted. And it can be clearly seen that Germany's foreign immigration will tighten, because the current economic situation in Germany is much better than Italy.

When it comes to economy, Italy is really nothing to say. Compared with other countries' vigorous development of industrialization, the domestic industry is still dominated by handicrafts. The only good areas are a few northern regions such as Milan and Turin.

However, its industrial scale is not enough compared to those of Britain, France, Germany and other countries. Not to mention that there are very few large enterprises with employment of more than 500 people. What do you think of these situations?

That’s right, it’s the Celestial Empire in the Far East. Carlo’s first reaction was that Italy and the Celestial Empire were really similar. They were both agricultural countries, all overcrowded (the embarrassing Italy), all of which were not enough domestic fiscal expenditures, and the industrial scale was not strong. Of course, what Italy is stronger than the Celestial Empire is that it knows that industrialization is the only way out.

However, compared with the vast and vast land of the Celestial Empire, Italy's resources are not suitable for industrialization. How can the famous marble and clay be industrialized and the rich geothermal resources allow people to soak in hot springs to get rich?

It can be said that the more Carlo looks, the more he feels that Italy's poor performance in modern times is completely limited by resources. Look at the Ruhr coal mines occupied by Germany, how much help has added to industrialization.

Italy, even in the later generations of such advanced exploration technology, is still a country with insufficient resources.

For this reason, Carlo felt very stressed. If the Italian economy and industry were to develop, he had to catch the shuttle bus of the Second Industrial Revolution.

For this reason, he planned to talk to his uncle and the prime minister.
Chapter completed!
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