3 ms·
Have you ever heard of the German Mittelstand? [1] Family-owned companies, long-term and low-risk business strategies, social responsibility, regional ties... I
by zuzun 10y ago
Have you ever heard of the German Mittelstand? [1] Family-owned companies, long-term and low-risk business strategies, social responsibility, regional ties... I think that's the kind of provincialism the article talks about. Not bad, just boring.
Deutsche Bank wanted to become a global player. Doing investment banking in New York and London instead of giving a small loan to Herr Müller's crankshaft oil seal factory in Hintertupfingen.
[1] https://de.wikipedia.org/wiki/Mittelstand https://de.wikipedia.org/wiki/Mittelstand
- douche 10y agoLol, Hinterupfingen. If my German isn't a complete wreck, I believe that implies sticking a digit up the derriere. Similar to our Bumfuck, USA
- tscs37 10y agoSadly, no. Hintertupfingen is merely a invented place which is most removed from the happenings in the rest of the world. Being from Hintertupfingen implies being somewhat of a Redneck or atleast uneducated of what happens in the world.
- robk 10y agoYou're both in agreement.
- dublinclontarf 10y agoPenis.
- SyneRyder 10y agoIf you have 25 minutes to spare, there's a great documentary called "Bavarian Fairytale" [1] about the Mittelstand. The core theme is how Bavaria survived the global financial crisis, but I think it does a good job of explaining the Mittelstand values through interviews with the people running the companies. (Making quality products / craftsmanship seems to be another core value.) [1] https://www.youtube.com/watch?v=jVFZl0s2Np0&t=3m46s https://www.youtube.com/watch?v=jVFZl0s2Np0&t=3m46s