We live in a time when criticizing capitalism has become a national pastime. If you believe some journalists and activists we are living through “late-stage capitalism” when inequality has become so large that it will eventually lead to the decline and fall of capitalism as an organising principle of the economy. That this is complete nonsense can be seen by comparing
Interesting read. However, it would have been interesting to further elaborate upon the fact whether Germany's at times "cozy" cooperative model might also be one of the reasons why the country is currently rather behind in adopting to and spearheading developments in a digital economy? Covid-19 has proven this failure in cooperative change-management imho on many fronts. A case in point is the fact that a country which prides itself of its engineering prowess is not able to provide adequate IT-enabled home-schooling of its pupils. Another point worth considering is that the car of the future might rather be build in Silicon Valley than in Wolfsburg or Ingolstadt. Lastly, the low strike rate in Germany is rather down to the fact that article 9 of the German Basic Law, i.e. constitution, guarantees freedom of association of economic stakeolders, i.e. capital and labour. Hence, the low strike rate is not necessarily down to the merits of capitalism. Put differently: does China not also have a low strike rate?
Interesting read. However, it would have been interesting to further elaborate upon the fact whether Germany's at times "cozy" cooperative model might also be one of the reasons why the country is currently rather behind in adopting to and spearheading developments in a digital economy? Covid-19 has proven this failure in cooperative change-management imho on many fronts. A case in point is the fact that a country which prides itself of its engineering prowess is not able to provide adequate IT-enabled home-schooling of its pupils. Another point worth considering is that the car of the future might rather be build in Silicon Valley than in Wolfsburg or Ingolstadt. Lastly, the low strike rate in Germany is rather down to the fact that article 9 of the German Basic Law, i.e. constitution, guarantees freedom of association of economic stakeolders, i.e. capital and labour. Hence, the low strike rate is not necessarily down to the merits of capitalism. Put differently: does China not also have a low strike rate?