>>I think the Germans, Chinese, Japanese, Jewish, Koreans, etc, and so on, and so forth are all quite similar in their savings habit.<< ... so what's different (g)? Through years of constant exposure (g), I accepted the fact, that consumption constitute a (significant) part of GNP. Although - here I come again - the whole situation reminds me of some mother trying to feed a sulking child :"Now look, here is niiiice leeetle SUV for your daddy, and we'll have some furniture to go with it..." The P for production in GNP has already happened, but the mighty consumer has to gulp it down - and of course it is important, which country does the gulping down.
Some more minutes and I'm off into the mountains.
Have a look at "Firing people is easy". I find the topic (dematerializing the German, or for that matter any, economy) a serious and innovative way (long term) to improve. Just think how much more J6P could spend if he would not mind getting a car sold with 1/3 of the mileage per gallon...
RegZ
dj |
