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To: M. Frank Greiffenstein who wrote (2564)	6/28/2001 12:40:04 PM
From: Elsewhere	Read Replies (2) \| Respond to of 24758

But the fact remains that Germany (and its socialist brethren in Europe) have highly over regulated economies and labor unions that basically dictate policy. The role of the unions in Germany is overrated abroad. The days of big demonstrations are gone. Yes, there is still some posturing by the IG Metall - but the 35-h-week, for instance, is a myth. Most capable employees work a lot more. [Don Lloyd] IMO, Germany has no chance to deliver on its social welfare promises based on internal wealth creation without returning to inflation to cheapen the promises. Just compare monetary growth in Germany in the 90ies to the USA. Now who is pumping? For a country that much indulged in socialism the output isn't bad. 1997 numbers: GDP/capita Germany USD 28,280, USA 29,080. Energy consumption: "kg oil units" [1]/capita Germany 4267, USA 8051. Foreign trade: Germany export/import DEM 950/814 billion (ratio 1.17), USA USD 671/919 (0.73). I don't want to claim that everything is perfect here but better examples of socialism are Cuba or North Korea. [1] 1 kg oil unit = 42,000 kJ