It was only a matter of time. First, the economic amateurs pounced on the welfare state, now they are attacking the core substance of the economy. As in the 1970s and 1990s, ‘German economic experts’ jump on the ‘tried and tested’ recipes with little delay whenever a crisis arises. People must work more, even without wage compensation (Schularick), we must relax employment protection laws (Reiche), and now, to top it all off, we must reduce overall labour costs in Germany in order to increase competitiveness (Merz).
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