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It's possible. But note that Germany has struggled to move out of declining sectors (petrol cars) and into new ones (tech) - which fits what I said about worker
by dash2 2y ago
It's possible. But note that Germany has struggled to move out of declining sectors (petrol cars) and into new ones (tech) - which fits what I said about worker control making creative destruction hard. Its economic performance has been dramatically bad recently.
Equally, I wouldn't want to judge Rhineland capitalism on a few bad years, or claim that the US "open the casino" approach dominates it on every dimension.
- yunohn 2y agoThe whole world still relies on and builds petrol cars. EVs are still a small portion of the global market. I think it’s quite disingenuous to blame Germany’s slow moving industry sector on “worker’s control”.