Germany’s Jobless Racket

In: living worldwide|politics

23 Nov 2002

Newsweek:

"As long as the government is more interested in shuffling the jobless between useless projects and playing with the numbers instead of tackling real labor market reform, it will be a long time before Germany is working again. Absurd laws such as those passed last week only feed the vicious cycle, in which ever higher taxes to finance ever more spending and ever more bureaucracy destroys more and more jobs. For Germany the choice is stark: cut this monstrosity down to size, or pay the price of stagflation. An underemployed and overtaxed Germany will only drag itself down

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I'm CEO of an online trade publishing firm in the marketing and defense verticals. We try to make news and data digestible and useful in an environment that is more noisy each day. This personal blog mixes my thoughts and interests on politics, business, software, and more, based on my business and personal experiences. Over the years I have posted items that turned out spectacularly wrong, and a few posts that stood the test of times better. Personal views only.

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