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.
The Black Autumn
ReplyDeleteIn 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
Kauder and Struck: Volker Kauder of the Christian Democrats (CDU) and Peter Struck of the Social Democrats (SPD)
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