liveonearth (liveonearth) wrote,
liveonearth
liveonearth

German Austerity Pays Off

The German economy is bouncing back from the recession with more vigor than the rest of Europe, based mostly on exports of automobiles and machinery. Other EU nations saw fit to provide bailouts to whoever, same as the US did. The Germans kept the purse strings a bit tighter. They paid to keep people in jobs, and at the same time kept labor costs low. And they clung to Quality. Here, we have cheap plastic shit and plenty of time to watch TV.
Tags: economics, europe, germany
Subscribe

  • QotD: Privilege of Human Beings

    "Rats and roaches live by competition under the law of supply and demand; it is the privilege of human beings to live under the laws of justice…

  • Random Thoughts About Old vs New Great Depression

    Back in the Old Great Depression young people moved back to their families. They could not afford rent, so they went where the roof over their…

  • QotD: We (Americans) are Spoiled

    Even those too lazy to vote feel it their birthright to blast our elected representatives from every direction. We complain bitterly when we do not…

  • Post a new comment

    Error

    Comments allowed for friends only

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    Help
  • 0 comments