Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (63563)	5/6/2005 8:17:35 AM
From: critical_mass	Read Replies (1) of 74559

"Business" is being badmouthed across the board, and managers are labeled as greedy pilferers, unscrupulous gobblers of companies and inhuman exploiters. Over the weekend, the Social Democrats even published a "wanted" list of supposed economic criminals. many germans i know are concerned about the same things that worry americans: 1. stores carry a lot of imports from china. they see the writing on the wall. 2. jobs are moved from germany to low cost manufacturers or service providers located in india/china or eastern europe. 3. business negotiates for tax breaks and threatens to move jobs if their demands are not met. these trends have had a profound effect on the US though not necessarily all bad. without a stable transition to something else, these trends will cause problems for germany. right, wrong or otherwise, i am amazed that the big unions in the US have been largely silent while the manufacturing capacity in the US is dismantled. having lived in germany 3 years, my opinion is that the people, but not necessarily the corporations, are very risk averse.

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