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It also helped that a lot of money was poured into Western Germany with the Marshall plan while the Soviet Union took large parts of the industrial production m
by kaybe 15y ago
It also helped that a lot of money was poured into Western Germany with the Marshall plan while the Soviet Union took large parts of the industrial production machinery of Eastern Germany in retribution for the war.
The preconditions were so different I think the example doesn't really show anything.
- brc 15y agoThe Marshall plan was a tiny drop in the ocean of capital needed to reconstruct the West German economy. At most you could consider it a bit of pump-priming. The Marshall plan was also equally applied to other war-torn Western European nations which didn't experience the same growth. I agree that you can't isolate a specific economic philosophy from the general population and culture - the German people have always been very engineering minded and hard working - but something very interesting happened to post-war Germany, and it's always a good idea to look at this (same as the Finnish school example) and see what might have contributed.