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Germany to join Race To The Bottom

bob perkins | 09.09.2001 11:27

Germany currently enjoys a milder and (relatively) fairer form of capitalism than the our neoliberal Thatcherism presided over by Gordon Brown. This could be set to change, as Germany finds it increasingly more difficult to attract and retain "investment". There's seems to be only one solution: Lower wages for the masses and a significantly downsized welfare state.

bob perkins

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  1. Welfare state — Paul Edwards