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June 03, 2016

Comments

R. Wolfram

I do not believe that the US is pursuing a clandestine strategy (as you suspect Albrecht Müller). But it is the American economic system spread through FTAs like CETA, TiSA TTIP, etc. that brings effects as described by Albrecht Müller. The financialization of all areas of life as a consequence of totally free markets results into the long-term perspective to Dystophie and not, as you believe, to general prosperity.

In this sense, Albrecht Müller is absolutely right

David

Ironic that no European nation has benefited more from free trade than Germany.

RS

Even more ironic is that no nation is more aggressive when it comes to exports than Germany.

R. Wolfram

I aggree with: "no nation is more aggressive when it comes to exports than Germany"

But most Germans don't have profit of it. They have no assets, low wages, and job insecurity. Regarding the assets even in comparison to Spain and Greece. That is the price of "export-orientation".

When a country generates an export surplus over a long period, the population only works to the benefit of the importing nations (debtor countries).

This is just one of the reasons (the other reason is the loss of democracy) why Sahra Wagenknecht and Albrecht Müller criticize unilateral export orientation. The only debtor country which win's in this play, is the USA because of Dollar is world currency (yet).


David

Thankfully most Germans do not want a Putinized economic system. The voters overwhelmingly reject Sahra's DIE LINKE and AM is now more of a laughing stock - not taken seriously by anyone of any influence.

Zyme

You could say Germany is 'fremdbestimmt' by taking into account that more than 50% of its biggest companies' shares are held by foreign investors (if I recall correctly).

However I would think this is simply due to the fact that shares are so unpopular among Germans as a means of investing money into.

David

@Zyme - you are correct - I can't understand why more Germans don't invest more in shares and are content with bank savings accounts that pay virtually nothing.

Also, don't discount German companies' foreign direct investment in the US - $209 billion in 2014 (latest available figures).

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