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Take a look at this list of wealth per adult [1] Germany is at no 29. It's not like the median German has profited. If anybody has profited then it could be th
by southerndrift 7y ago
Take a look at this list of wealth per adult [1]
Germany is at no 29. It's not like the median German has profited. If anybody has profited then it could be the average German, i.e. the top 1% that has made some money.
That said, why do you think government spending will lead to prosperity? They can get some people off the streets, but sooner or later, resources will be misaligned to the point that the economy is not competitive anymore. Germany had a state-run economy in one part, guess which one almost vanished.
[1]: https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...
- Despegar 7y agoSee my other comment in this thread about German capital benefiting from this arrangement more than German labor. I'm not saying Germany has to nationalize industries, they just need to run large fiscal deficits over a sustained period of time. One thing they could do right away that doesn't cause "resources to be misaligned", is to cut taxes and increase the benefits for the poorest German workers.