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> Export exists, because someone outside of Germany thinks goods from Germany are better then goods from their country. Exports exist because they are cheaper.
by bildung 12y ago
> Export exists, because someone outside of Germany thinks goods from Germany are better then goods from their country.
Exports exist because they are cheaper. And they are cheaper because local wages in Germany are depressed. And because local wages are depressed (e.g. they grow slower than GDP grows) we suddenly have a whole load of economic problems in Germany (I'm German, too, btw).
Have you ever asked yourself why both the public pensions and public health care suddenly could not be financed anymore? Because both are tied to real wages, e.g. health care is about 15.5% of your gross income. But if wages stop growing in line with GDP (and inflation), the absolute amount of euros available for health care and pensions shrinks. We have a whole boatload of problems in our domestic economy because of that focus on exports. So you and I are paying for Germanys exports with a bleak outlook into our own future. And thats what the criticism is all about: Most have no problems with German exports, they are criticizing the lack of imports that would offset the exports.