09/04/2010 10:04:39 AM EST

Need help finding reference from show

posted by CptRich

I think that on one show last week one of the guests made a mention that Germany has recovered from the recession already. He also stated that part of the reason was that Germany has "local savings banks"? that work in their local areas to help businesses have the funding that they need when they need it.

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Does anyone remember this interview and which day it was. I forgot to make a note of it.

What strikes me is that Germany seems to have a strong manufacturing sector and did not fall prey to the outsourcing mania that American corporations engaged in. Does this put the ie to the statement that American workers can't compete against workers in low wage countries? If Germany has maintained it's heavy industry than why can't America?

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Need help finding reference from show | 5 comments (5 topical, 0 hidden)
Germany (none / 0)
has a good manufacturing sector because all the bankers needed to spend their bonus money on Mercedes,

But if you are a member you can just scan through past shows, or it might be on TYTInterviews on Youtube:

TYTInterviews

Failing that I can't help I'm afraid I don't recall that guest sorry :(

by dannyhulse on 09/04/2010 11:38:49 AM EST

If i'm not mistaken (none / 0)
it was Harold Meyerson (The American Prospect and WaPo).
http://www.youtube.com/watc h?v=YlL8kfRkQHY

~majority.fm

by mauirising on 09/04/2010 01:06:42 PM EST

Thanks! (none / 0)
That's what I was looking for.

There is one difference though, if you fail in an Entrepreneurial effort in Germany, no one will give you a second chance.

by CptRich on 09/05/2010 08:42:28 AM EST

[ Parent ]
Several things: (none / 0)
I don't know, which interview you are referring to, but I surely can provide some information, by Germany's most trusted magazine:

Germany 'Has Done Everything Right' on the Economy

How Germany's Export Strength Helps its Neighbors

The Dangers of Germany's Dependence on China

In case you are not interested in reading extensive articles, I could tell you some of my observations.

Germany has outsourced about as much as America. The reason why Germany still has a strong manufacturing sector is that most German companies have specialized in hi-tec and high quality products. There would be no way that Germany could compete with China and other Asian countries, when it comes to producing cheap, simple products.

"The first thing Fascists usually try to do is silencing the opposition."

by opposition on 09/04/2010 01:09:42 PM EST

BTW (none / 0)
He had some details about Germany wrong, for example the Betriebsrat is far from being the board of directors.

If you are really interested in the issue you will find enough articles about this on the English page of Der Spiegel.

"The first thing Fascists usually try to do is silencing the opposition."

by opposition on 09/04/2010 02:36:46 PM EST

Need help finding reference from show | 5 comments (5 topical, 0 hidden)
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