Certainly when American companies get to the right size they seem to become much closer to the political bodies that matter to them and their interests, as is the case likely everywhere
Certainly when American companies get to the right size they seem to become much closer to the political bodies that matter to them and their interests, as is the case likely everywhere
I wouldn't rush to this conclusion. US billionaires usually run many charity funds whereas German billionaires rarely do anything like that.
Also, German businesses owners don't seem to mind exploiting people's health and the environment (VW emissions scandal) or foreign workers [1] if it makes them money, so I think the same issues that plague capitalism in the US (greed) affect Germany too.
Otherwise, the wealth gap between rich and poor wouldn't be rising so steeply in Germany [2][3] if they wouldn't be so individualistic.
[1]https://m.dw.com/en/germany-meat-industry-conditions/a-54033...
[2]https://www.iamexpat.de/expat-info/german-expat-news/inherit...
[3]https://m.dw.com/en/study-shows-growing-wealth-inequality-in...
[1] https://www.dw.com/en/eu-sues-germany-over-water-tainted-by-... [2] https://www.rhein-zeitung.de/deutschland-und-welt/wirtschaft... (no English source)
Definitely. It's a cultural thing, Germany (along with most Western countries) seems to follow the US in that regard.
The individualism <=> collectivism scale is well studied, and there's a significant gap between the US and Germany.
http://clearlycultural.com/geert-hofstede-cultural-dimension...