... and provoked by weak domestic market disruptive trade imbalances that threaten the world economy.
In the following clip is shown clearly that the title is bought "export world champion" with a Wage dumping and low-wage sector, which is unique in its size to Western industrialized countries. While wages in Germany often rise even more slowly than inflation and certainly slower than the growth in productivity, German goods at the expense of workers and employees of foreign buyers become cheaper compared with the competition from other countries. A small class of ultra-rich profiteers in Germany not only endangered the social cohesion of Germany, but the cohesion and functioning of European Monetary Union.
If Germany has always exorbitant trade surpluses, meaning elsewhere on the globe, logically, that there are trade deficits. If now the most euro countries only trade deficits with Germany, then where will the money come from to buy German goods in the long run? It is borrowed: for German banks, the deficit countries to give loans that can never repay it, as their deficits grow. In the end, must stand in the German taxpayer and save the deficit countries, as in the case of Greece.
The taxpayers are the fools here - in two senses: first, they are victims of wage dumping, and later they need to support their tax dollars even the deficit countries in order to ward off insolvency for the time being.
But instead of against it Wage dumping (politically supported by the allowance of temporary work, mini-jobs and the threat of social event on Hartz4 level) to fight, boasts the German Michel still entitled to be vice-world champion in exports to China. It is every time the German media to celebrate this title, a slap in the face of workers and employees in this country.
What can this state to terminate the deal by most EU states, the U.S. and other countries that are niederkonkurriert by our wage dumping unfairly?
minimum wages and a total of strong wage increases would help to increase consumer purchasing power. This would most Germans more goods and buy from other countries and help by increased imports into Germany, to reduce global trade imbalances and stabilize the world economy in the long run.
Although Merkel as recently emphasized at the G20 summit in Seoul, the importance of free trade in Germany and spoke out against protectionism, it forces the morbidly-sided export fixation literally growing protectionism of other countries, having no other choice for you if Germany still continues with this neo-mercantilist Economic Policy from past centuries.
In the following clip is shown clearly that the title is bought "export world champion" with a Wage dumping and low-wage sector, which is unique in its size to Western industrialized countries. While wages in Germany often rise even more slowly than inflation and certainly slower than the growth in productivity, German goods at the expense of workers and employees of foreign buyers become cheaper compared with the competition from other countries. A small class of ultra-rich profiteers in Germany not only endangered the social cohesion of Germany, but the cohesion and functioning of European Monetary Union.
If Germany has always exorbitant trade surpluses, meaning elsewhere on the globe, logically, that there are trade deficits. If now the most euro countries only trade deficits with Germany, then where will the money come from to buy German goods in the long run? It is borrowed: for German banks, the deficit countries to give loans that can never repay it, as their deficits grow. In the end, must stand in the German taxpayer and save the deficit countries, as in the case of Greece.
The taxpayers are the fools here - in two senses: first, they are victims of wage dumping, and later they need to support their tax dollars even the deficit countries in order to ward off insolvency for the time being.
But instead of against it Wage dumping (politically supported by the allowance of temporary work, mini-jobs and the threat of social event on Hartz4 level) to fight, boasts the German Michel still entitled to be vice-world champion in exports to China. It is every time the German media to celebrate this title, a slap in the face of workers and employees in this country.
What can this state to terminate the deal by most EU states, the U.S. and other countries that are niederkonkurriert by our wage dumping unfairly?
minimum wages and a total of strong wage increases would help to increase consumer purchasing power. This would most Germans more goods and buy from other countries and help by increased imports into Germany, to reduce global trade imbalances and stabilize the world economy in the long run.
Although Merkel as recently emphasized at the G20 summit in Seoul, the importance of free trade in Germany and spoke out against protectionism, it forces the morbidly-sided export fixation literally growing protectionism of other countries, having no other choice for you if Germany still continues with this neo-mercantilist Economic Policy from past centuries.
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