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Even Germany has a fairly collectivist economy by American standards, the famous "social market economy". The idea is that the economy should be largely market-
by _delirium 12y ago
Even Germany has a fairly collectivist economy by American standards, the famous "social market economy". The idea is that the economy should be largely market-based, but tempered by a social aspect: a strong safety net, state-provided basic services (health, transit, university, housing, etc.), and a fairly high level of income redistribution.
West Germany also traditionally (though this is weakening post-reunification due to "internal outsourcing" to the East) had a corporatist industrial-relations system similar to the Nordic one, which is based on consensus-finding between multiple stakeholders (industry, unions, governments), so things like pay and working conditions are agreed upon jointly in sector negotiations.