Sunday, August 12, 2012

SPIEGEL Staff

Kauder and Struck can also feel vindicated by the fact that Anglo-Saxon capitalism was seen as a model for the rest of the world until recently, because it promised more wealth to the industrious. But it was the recklessness, the sheer savageness of this model that caused the crisis. Now German politicians can hope to shed their dull and tedious reputation worldwide, because what they have at home is the alternative to Anglo-Saxon turbo-capitalism, even as neglected as it has been: the social market economy, guided by the principles of consideration, scruples and compromise.

2 comments:

  1. The Black Autumn

    In Search of the Visible Hand

    By SPIEGEL Staff

    10/13/2008

    Part 2: Economic Elite in Hiding

    http://www.spiegel.de/international/business/the-black-autumn-in-search-of-the-visible-hand-a-583882-2.html

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  2. Kauder and Struck: Volker Kauder of the Christian Democrats (CDU) and Peter Struck of the Social Democrats (SPD)

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