2 ms·
He is nitpicking on pharmacies, claiming that big chain model is better. But we have something called Preisbindung with both books and pharmacies in Germany, so
by kephra 14y ago
He is nitpicking on pharmacies, claiming that big chain model is better. But we have something called Preisbindung with both books and pharmacies in Germany, so the same book costs the same in every shop, with the result that we still have small book shops and pharmacies. So this small business protection is also usual in Germany. And Germany is certainly not a poor south European county. Even worse, lets nitpick on taxi cab licenses in NY. A system that makes taxi drivers poor and license owners rich. I wont call this 'better'.
He next blames corruption. But we have a lot of corruption in Germany, its just not as open, as in southern countries, and more accepted and hidden by the people. Things often fail, if corruption is the only business design. We had the same in our town.
The article fails to address the real point: The Euro-Zone. Germany has an extreme low cost of work. Only 5% of cost in Germany is wages, while this is more like 15%-30% in other countries in Europe. Those countries had been able to devalue their currencies prior to Euro-Zone, to evade German price dumping. But now the can no longer, and wages became even lower in Germany, thanks to a law called Hartz IV, and our exports are now their dept.
There are only two ugly solutions: The better one would to reinstall social wellfare in Germany at a level of 1970-1980, or even better install an unconditional income grant in Germany. European economy would be much healthier, if we send on 3rd of Germans home to drink beer, watch tv and play computers, permanently! And the wages for every job would rise above the unconditional income grant for those who still work. The evil alternative would be a coup de etat in Greek. The military replaces the government with a junta, Greek is thrown out of Eurozone, Greek junta claims that they wont pay the debts of prior corrupt government, and prints drachmes again.