Germany with its manufacturing base and export prowess is the U.S. of yesteryear, an economic power unlike any of its European neighbors. It has thrived on principles America seems to have lost.
Their secret: little debt, frugal habits and a government that is intensely focused on high production, low inflation and extensive social services.
That has given them job security and good medical care as well as well-maintained roads, trains and bike paths. Both of their adult children are out on their own, thanks in part to Germany’s job-training system and heavy subsidies for university education.
For instance, Volkmar’s out-of-pocket costs for stomach surgery and 10 days in a hospital totaled just $13 a day. College tuition for their son runs about $260 a semester.
Germany, with its manufacturing base and export prowess, is the America of yesteryear, an economic power unlike any of itsEuropean neighbors. As the world’s fourth-largest economy, it has thrived on principles that the United States seems to have gradually lost.
On a related note, Germany as a country is one of our top customers – they all seem to love electronics and making things.