Here in the US I often hear rhetoric about how European countries with heavy social systems are dying. The usual refrain is that they will be bankrupt in a few years and there’s nothing they can do about it.
Here’s another interesting view: The Germans: A Lot Like Us
He’s not refuting that their economy has big problems but he’s pointing out the positives as well, which don’t get echoed here very often.
A few interesting points:
- In the last 5 years only Germany and China have gained in their share of global exports
- Germany is now the worlds largest exporter of goods
- Germany’s workforce is as productive as the US
- Germany’s unit labour costs are less than the US
Something to think about…