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Yeah, a lot of this article is just gratuitous sniping at the German economy for not being as nutso gung-ho as the US: > Much of Germany’s wealth is held by pr
by Doctor_Fegg 3y ago
Yeah, a lot of this article is just gratuitous sniping at the German economy for not being as nutso gung-ho as the US:
> Much of Germany’s wealth is held by private, family-owned small and medium-sized companies known as the Mittelstand. These are an engine of job creation, but their thrift underpins the current account surpluses Germany is often criticized for
Seriously, what does that even mean. Bloomberg would presumably prefer fewer Mittelstand companies, more venture capitalists and the occasional swashbuckling Adam Neumann?
> An aging population is also straining Germany’s generous social insurance system
Your social insurance system can't go bust if you don't have a social insurance system tapsheadmeme.gif