Why the Germans Do It Better: Notes from a Grown-Up Country by John KampfnerSponsoredThis is a more balanced account of the virtues of modern Germany than the book’s title suggests. John Kampfner spends nearly as much time scrupulously undermining his thesis as he does substantiating it. It is extraordinary what modern Germany has done, creating a stable political system with a good administration, as well as a formidable manufacturing sector guided by long-term investment horizons and powered by small and medium-size family enterprises. Its “social market economy” version of capitalism is alien to the Anglo-Saxon model: Berlin’s city government has discussed confiscating flats from property companies under an article in the constitution that states: “Property entails obligations. Its use shall also serve the public

Source: The Times June 04, 2021 22:52 UTC