Many Americans don't really understand that Europe is capitalist. I mean modern capitalism was born in Europe. It isn't an American invention. It definitely is America's passion, though.

And a sixth reason: a lot of the big companies in Germany are still family-owned and not on the stock market. So they were able to make better long-term decisions and save from hedgefonds trying to suck out every dollar out of the company. But this changes, too.

In Denmark children have had to be educated for 7 years since 1814. It was after the state bankruptcy if 1813, and the saying goes the then king Frederik VI stated that "just because we're poor doesn't mean we have to be stupid too" 🤭👑

To put the 4th point into perspective here's a little anecdote: I grew up in Germany as the second child in a poor middle class single parent household. I started educating myself in software development at the age of 11, got my first job in the field at 14 while I was still in school. I graduated at 17 and immediately joined the work-force as a software engineer. Two years later I enrolled at a distance university while working full-time and got my bachelors degree in BIS three years later, the same year I founded my own company. With the profits I kept my mom afloat until retirement and bought her a flat. Until this day I've never taken on a single loan. That's why cheap access to education is so important, without it my vita would have likely ended in that single parent household 😑

What is ALWAYS forgotten to mention about German school education is that you can always get a higher education. For example, if you went to the "worst" school, you can go to a higher school afterwards. For example, I also had problems at school as a child. The older I got, the better I got, which is why I went to a higher school afterwards.

In 1592, the Duchy of Palatinate-Zweibrücken (German: Herzogtum Pfalz-Zweibrücke) was the first territory in the world to introduce compulsory education for girls and boys.

"Wait, your guys's minimum wage actually goes up? Oh my God, what an interesting concept" - meaning, in the USA, the minimum wage is steadily decreasing?! I almost dropped the hammer and sickle from my hand when I heard that!

For most Germans the first loan they take is for a house, maybe a nice car. I don't know any German who would take a loan on a holiday or just miscellaneous things - it also is frowned upon buying stuff you cannot buy out of pocket. "If you can't afford it now, then save for it for a later date"

The hourly minimum wage since january 2024 in germany is 12,41€/h

What people most of the time don't really get when talking about taxes is: you're not getting 60.000 Euros from the companys payment of 120.000 Euros. You get aaaaall these services (social and other), infrastructure, education, etc etc as well. And they are worth a LOT! So you walk home with money in your pocket, but you walk on a road that you can actually walk on. If you break your leg during this walk - you're covered. And you can really focus on getting healthy again because you don't have to worry about hospital bills, your student loan that you're still paying back, how much money you have to put aside so your kids can go to college as well.... You get the point? 😉

The German education system is divided into three tiers, but it remains very transparent and permeable even after completion of education. I am the perfect example of this. At the age of 14, I finished my schooling with completion of elementary school. Due to family reasons, I had to pursue an apprenticeship and learned cooking. I dropped out of this apprenticeship because, as I will explain shortly, it did not align with my talents. I then learned the trade of radio and television technician, which I practiced for about 4 years. After that, the German state gave me the opportunity to obtain my intermediate school-leaving certificate (BAS) and then I was also allowed to obtain my high school diploma (BOS). During this time, I received financial support from the state, enabling me to focus on school. After obtaining my high school diploma, I began studying computer science and mathematics at the Technical University of Munich, which I successfully completed. I then obtained a doctoral position at the Technical University of Munich and completed this study with a Ph.D. The German state indeed endeavors to foster talents, and it does so with great success.

Another reason is a functioning healthcare system where people are neither afraid of calling in sick (actually encouraged to do so in order not to spread germs) nor afraid of getting a huge bill for going to the doctor since medically necessary treatments are free or just cost a nominal fee like 5 or 10 Euro. A healthy population can also be productive.

My favorite part is still how my country managed to turn the label "made in Germany" from a warning sign into a sign of quality 😂

Germans are not entirely against debts, there are things that are seen as worth going into dept for them. Buying or building a house is way up on that List👌🏽

4:57 Wait a second... I know this shop. It's in Tübingen, right in the middle of Baden-Württemberg. 5:21 also Tübingen, in front of the town hall. And a quote by Robert Bosch:"I don't pay good wages because I'm rich, I'm rich because I pay good wages."

"A question a lot of you might ask, how did germany become so rich?" Komm JETZT in die Gruppe und finde es heraus!

A very important point is the high end German vocation system for non academic jobs. No matter if you are want to become a bakerman, mason, electrician, plumber or hair stylist for example - You have to pass an apprenticeship of regularely three years in a company which has a person with a "Meistertitel" (kind of masters degree for craftsmen who is additionally trained in business administration and pedagogy to be allowed to run a company) to train you PLUS almost theoretical training in specified vocational school classes. The scedules and final exams are unified and done by an independend chamber and the state, so the level and content of education is comparable in every company and employees can easily find a job in another company if they want or need to.

Let's be honest, in the US you separate kids according to the zip code and social status, at least the German system is more fair based on the results

YES, 'education' is THE solution, for everything. For Americans, too 😉

The video says that Germany kept its patents after the Second World War, but I know that there were patents that Germany lost and that other countries simply took.

Seperating children into 3 types of school sounds pretty drastic at first, but you have to understand 2 things: Firstly they're not stuck in that path. If they excell in a "lower" schoolform, they absolutely can change to the other types or the other way around, and even when they're done with Realschule or Hauptschule, they can do the additional 2 years in the "highest" form of school afterwards to still earn their Abitur (the diploma you need for uni). Secondly: If it becomes clear that a child will never go to university, they can focus their education more towards other fields that will be more relevant to their later worklife instead of being forced to learn things designed to prepare for university courses they'll never attend anyway. They obviously will get a solid education in all fields at the "lower" schoolforms too, but they'll not need to dive into higher mathematics for instance. Additionally the "lower" schoolforms end 2 years earlier, giving the graduates a head start into the Jobmarket where they can do a Ausbildung to become a Master of their chosen craft and start to earn money right away. This makes for a situation where at the age when germans who went to university first enter the jobmarket without any practical experience, the germans who went the Ausbildung-route already have years of experience in their field, earned money the whole way and stand in life with both feet firmly on the ground. That is the idea, it obviously doesn't always work out this way for everyone, but that's why the system is designed this way.

There is a swabian (south germany) saying: "Schaffe, Schaffe Häusle baue" which means "Work, Work and build a house" which is part of (not only the south german) mentality. So work hard and you can built your live - while alot of others live like "Build a house, and than just work as hard as you really need to to pay the dept".

Blender wasnt made by germans, it was a Dutch man/company

Amazing that a discussion is even possible about German economic recovery after WW2 without going into the Marshall Plan and the subsequent forgiveness by the US of 2/3 of this debt.

I was taught from a young age: "Don't spend more money than you have. Always put something aside for a rainy day." Borrowing money was always uncomfortable because it felt like you weren't strong and successful enough to fulfill your own desires and goals. Work harder, save longer. All it takes is a little more time to fulfill something, not more debts, because you have to pay them back, it just postpones the problem. And that is a deep, integral part of our culture and society. My 4 year old son saves every cent he gets from us or from grandma and grandpa. Most of the time it's small change, change that just gets in the way in your wallet. He always says, "Thank you. Then I can soon buy a really big toy and not just a small one." Greetings from Germany ;)

By the way, in Germany we call our economy the "social market economy", which is essentially capitalism. However, as a complement, we have a social system in place to ensure that everyone receives similar good education, healthcare, and retirement provisions. This is why we have higher taxes and additional social contributions. This also means that the higher contributions ultimately benefit the taxpayer themselves to a large extent, and in the end, they are generally better and more affordably provided for than if they had to pay for these services individually but with fewer social contributions. At least, that's the idea behind this system. So yes, taxes and socoal contributions are much higher, but in my opinion, the money is very well spent. And yes, that's just my opinion, but I believe that the measure of how good a society is lies in how well the poorest members of that society are faring and in the opportunities available for individuals to achieve prosperity. After all, the wealthy will naturally always fare very well; that has been the case already in monarchy and feudalism alike.

The German patents have been taken after WW2 by the USA and Britain as war reparations. As result the German inustry needed new inventions and the new inventions have been better than the old ones wich are than used by the USA and Britain. For example, Mercedes already built a car with fuel direct injection in the early 1950s, the 300SL Gullwing (3l in-line six-cylinder with 215 hp). In the USA, this performance required a V8 big block carburetor engine with a displacement of over 6 liters.

In Germany there is a good training system for every job you want to learn for three to five years, whereby you also have to attend vocational school twice a week. Once you have completed your training you have more opportunities to find a job.🙂🐰🐇

Taxes vs. gross/net: don't confuse gross/net with taxes. In Germany, net income is not only after taxes, but also after health insurance and other stuff (health insurance cost is a percentage of your gross income, capped somewhere). Other countries may have a tax funded health care system, which technically implies higher taxes, and still the gross/net difference could be less.

Honestly i agree that the "sorting system" of children at that young age into like different schools based off of their "knowledge" seems rather controversial AT FIRST, but you can still make it big even if you got sorted into the lowest. I for example remember my parents always telling me to do good in school in the first 4 grades so i get sorted into a good school but i used to be very lazy back then so i got sorted into the lowest one where you basically get teached to become like a carpenter or something but i really did not like that idea so later in 7th grade i started to work harder for it and after finishing in that school i had the opportunity to go to the next higher one to get better education. I finished that too and at the end i now study computer sience at university. So even if you get sorted into the lowest at first, it's not like you will never be able to do anything else.

Not wanting to go into dept is another reason why so few people buy houses in Germany

Taxes pay for services. Happier, healthier, wealthier people in Europe

The minimum wage is 12,41€ or $13,38

Very good video from Visual Economic, BUT as a german living in germany, I have to totally disagree with the point about depts. One huuuuge problem we have right now are missing investments into infrastructure. And by this I am not talking about streets, I am talking about schools, kindergardens and the technical infrastructure for all institutions. And the goverment/parliament not allowing itself to go into debt for future investments is THE worst thing one could possibly do (as shown in the video itself its inevitable for future success). I only stated the parliament as well since a change of this specific law would require 2/3 majority, which the current goverment doesnt have. Germans are also not allergic to depts in general but it depends on the kind of depts. Going in dept for longterm investments (buying plot of land, house, apartment, new kitchen for 20k etc.) is totally ok for everyone I know (if you can afford the monthly repayment rate as well as the interest charges, that has obviously to be calculated). But going in dept for small stuff like a new refrigerator while the old still works or daily stuff is unwise as long as its not necessary. Either you can afford it or you cant. Also even though germany has so many hidden champions (companies leading in a specific marketsector while no one knows them actually) right know it feels that we lack in knowledge and entrepreneurship in the "quite" important tech industry. Which may have been caused by all those bureaucracy about setting up a business hindering innovations. For example: It took the big car companies so long to "re"-invent electric cars, that a chinese law from the early 2010s about a quota for electric car sales compared to combustion cars brought them all in outrage. (Which brought me, being 17 at the time at a huge outrage ;D) And since some big german companies got in my eyes to comfortable with their situation they oversaw the upcoming trends and needed to catch up hard. I think and hope, that they managed to do that. But as far as I know it mostly happened via buying start-ups, since they were so hard behind. I know its usual to by a working start up for big companies since you avoid all the risks, but not after a huge market has already developed, there you should already be in possession of those start-up ideas and shape the market yourself. Which was and is the german quality in engineering.

Nowadays I‘d say a big majority of kids go to highschool/gymnasium. Because in Germany people think that everyone else is stupid. I used to give private tutor lessons in Switzerland and all of the German immigrant families tried to get their kids to pass the highschool entry exam so hard, anything else was not an option. In Switzerland only a small percentage passes this exam, most do apprenticeships and they are definitely not regarded as lesser anything. I also had many students that moved here and started in highschool bc in Germany they had visited highschool too but most dropped out because the level was higher. This three tier system was definitely loosened up, there are now too many students going to highschool (Gymnasium) who would be better off doing something else. Also lots of ‚Problemschulen‘ with too many unintegrated immigrants are a problem too. The PISA study results for Germany were unsurprisingly bad. I feel like they are about to loose their biggest asset and instead of preserving education they welcome this change.

Putting a shit-ton more money into education and access to education in the US would pretty much fix all the problems we have today. But no, banning books, putting restrictions on free speech and the freedom of choice is more important. At this point I'd gladly even pay more in taxes here in Germany if it went into improving your education system.

I’m from Germany and currently designing a Porsche 911 GT3R while watching your video and randomly talking bout blender…😂😂

The school system in Germany is not perfect and not really fair. But if you really want to and make an effort, anyone can achieve anything. Even as an adult, you always have opportunities to improve. I started a new apprenticeship two years ago for health reasons and I'm currently doing my Bachelor's degree alongside my work. Incidentally, I was previously a truck driver and I'll be 50 in May. 😅

My grandma once told me, i always should have 3 times my wage always accessible in my bank account. The rest I should invest or buy nice things. This way in emergencies like a broken car or something I can always pay that with my money in the bank account and don't have to take debts. Smart lady.

Reason number five: We still have Overheadprojektors 💪

A lot of people in Germany are complaining about the high taxes and social security/health insurance costs (and from the plain figures, they are right) but honestly, when I realize how well maintained the infrastructure (yes, there are exceptions), safe living, extraordinary good healthcare, education and security is, I am glad to contribute!

Mandatory school system since the 19th century led to almost 100 % alphabetization.

Germany could lift the tax load from the middle class by taxing the Rich and Finance Markets more, but the Middle class doesn't have a Lobby that whispers into the Politicians ears and makes them little presents here and there.

The most important aspect has been omitted. Diligence, honesty and work ethic. Just compare the quality of finishing of buildings in Germany and the UK.

Fact: The French sometimes call Germans the "Bosch", because the Bosch logo used to be on so many products from Germany since such a long time ago...😅 ...super iconic German company!

Houses are one of the few exceptions for many germans for debt because the dept is usually secure, but most germans woudln't buy christmas presents or a vacation on loan. But houses: yeah. We don't have that much houses because they are very expensive and the bureaucracy around building and buying houses are a nightmare (there was a saying: the comlexity of the chinese emperors bureaucracy was a joke compared to the complexety of prussia ... and we germans are, from an adminstration standpoint still prussians ... sorry bavarians, but it's true)

I would like to explain the family reasons a little more. There are two reasons for this. Reason number one: There were five of us at home, my father was a civil servant and at the time the saying "a civil servant's jacket is tight but warm" was still the norm, money and especially living space were scarce at the time and so my father decided that only one of us would be allowed to study, the other four should leave the nest as soon as possible. Reason number two: I was the renegade, the apostate, the black sheep in the family. My nickname was "Olaf, the destroyer" because I immediately took apart any and all toys. Unfortunately not just my toys, but also those of my siblings. I also ran away from home twice. I was picked up once in Cannes and the other time in Berlin. Considering that we lived in Rosenheim at the time, I got pretty far back then. However: With this CV, the choice could not have fallen on me. So at the young age of 14 I was sent to Reit im Winkl to do an apprenticeship as a chef, a place high up in the Alps and far from home. But even there I started to improve some kitchen appliances by taking them apart and sometimes not being able to put them back together. I still remember the huge automatic potato peeling machine well. I then learned the trade of radio and television technician, which I also completed with a journeyman's certificate. I then emigrated to Australia and tried to teach myself the secrets of mathematics by self-study. It was only supposed to be a holiday, but after five years I returned to Germany and read in a newspaper that you could now get your intermediate school leaving certificate with state funding. I couldn't resist. I called Mr. Les Free, my boss at the TCN9 TV station in Sydney, and told him that I probably wouldn't be coming back. And you know the rest. High school diploma, university degree and doctoral studies graduating with a Ph.D.

As a German, the crazy thing about our economy is, I find, that you can go to any small, unremarkable German town of 10,000 to 50,000 people. It can be in the middle of nowhere. Within that town there will be at least one company that is among the world leaders in some very specific technology. And that company will be more than 100 years old and have had several generations of the same family not just owning it but also working for it on the factory floor.

Ryan, International Education means not the social, means the Education is all over the World in History, geography and so, NOT only about USA like in Amerika!!;)

1) Why is the German education system so good even though we still use overhead projectors everywhere and have relatively little internet access?! 2) I have to express this one point to your Mr. Trump (or his economic advisors) - of course Germany has been hiding its very good productivity behind a comparatively soft currency (euro) for decades. If we had the DM (German mark) again here (as some "specially educated" people from the AfD etc. are demanding), the local products would be unaffordably expensive and Germany would have an extremely massive problem in exports (which is a huge part of the German economy ).

26:22 Bosch is not only a German company, but Bosch also improved a chemical procedure invented by Haber ~1900s to sythesise ammonia efficiently, which resulted in artificial fertilizer being commonly available. Haber was also the "father of toxic gas" during WW1, which is often forgotten, but without him and Bosch, most people would not be alive today.

Yeah but one of the Problems of the free higher Education is that germany nowadays has a big shortage on craftsman of all areas because Most people wanna go to universities

If I want to be optimistic I just watch foreign videos about Germany - then it all doesnt sound so bad... many points he mentioned are not wrong but a bit out-dated I feel. The focus on stability left us in the dust when it came to modernize the country, and without getting too political the actions during the last decade lead to a clear divide in the populations political opinions and broke unity... doesnt help that the national football team kept doing poorly too. Now we are the only major industrial nation with a negative growth (actual shrinking economy), business want to leave the country - education is also not adaptation, again modernization in slow motion, economic pressure due to energy costs, and much more - sure its bad for many but our inactivity and focus on stability / lets just not do "anything" / for years got us into a pretty sticky situation. Well there is a lot wrong here, but many basic parts still work and if we pull ourselves together like our forefathers did then we probably can turn this into a chance for a great change and rise once more... lets be hopeful i guess - anyway thanks for reading and take care

Robert Bosch once said: I can't pay high wages, because i'm rich, i'm rich because i pay high wages.

Youth unemployment is important. When it is too high many young people will move away and the area will lose the future workers and citizens living there.

It is good that setting up a buisness is difficult. That means much less scam buisnesses and much more people REALLY think about if their business will work before opening another crappy shop that goes broke in 2 weeks.

I don’t say he‘s totally wrong, but there is more to Germany being the fourth biggest economy in the world. And that‘s the size of the population. Looking at GDP per capita Germany comes in at number 12 behind most Scandinavian countries which don‘t have the separated school system like Germany. And that‘s also showing when you compare PISA results between all those countries and Germany. And that is going on for a long while now. Also Germany is among the worst countries in Europe when it comes to how the income of your parents decides about your ability to get higher education. Without some of our key industries that are successful world wide we wouldn’t be the ranked that high. We‘ll see when it comes to transition to renewable energy and electric cars. Many solarpower companies have already left Germany and windpower is almost already in Chinese hands. And when the auto industry doesn’t pay attention they will share their fate. And when it comes to development of infrastructures like the internet, Germany is way behind other countries in Europe. Also digitalization of Government is one of the lowest in the EU. And this will some day going to bite us back.

At the beginning of the video, the presenter says Germany's institutions were in ruins. They weren't. Buildings might have been destroyed, but the banking system, the courts, schools and universities, healthcare system, research institutes, etc. were all still running.

"No, Henry Ford invented the Automobile" All German at the same time: 😂

13:05 "It is the mind that builds the body!" (J.W. Goethe)

Little detail to be corrected... Germany is now the 3rd largest economy in the world as it just bypassed Japan for the first time in history.

The marshal plan wasn’t the real reason because UK and France also benefits from that. The difference was, Germany focused on civil goods while the other focused on rebuilding the military. Also Germany used the money to create a bank that would lend money will small interest rates to firms and private ppl and this bank still exists with the original money pit into it. Also the high education plays a role. With the debts, in Germany you go into debts normally only if you buy a house, apartment or a car. Not for other consumer goods.

One huge difference is respect for labour. In the USA and Canada we treat manual and even skilled labour and the people who do it like garbage. We pay them as little as possible and treat it as shameful. It's not true in Germany. If you are good at your labour job and act with pride, you'll be paid well, have job security, and never have to hang your head when you say where you work.

There is a lot to say about Agenda 2010 and debt stuff... our companies may not be in huge debt, but that is because we let foreign countries go into debt for us instead of raising wages and use internal consumption.

Something that tends to be forgotten is the huge impact of the Marshal plan. With the industry being stripped due to the reparation payments, no money, so they used the old factories as payment, the industry was able to spent all the money from the Marshal plan into new tools and factories.

The quality of education is also key...

and no blender is from a dutch developer started: "Blender was created by Ton Roosendaal, a Dutch art director and self-taught software developer." (on the blender homepage in "history"

Our comeback after WWII is because our politicians back then actually knew wtf they were doing, compared to today...

Bruh the guy presenting agenda 2010 as something positive wtf

if Germany had a better government in the past 20 years that would have focused on the important stuff Germany could have become as rich as the US or more. now those days are over. we would need a miracle to still be relevant in 20 years

As a European, I have to say that this guy is blatantly ignoring the GIANT elephant in the room that Germany was the main beneficiary of American charity to Western Europe after WW2 (admittedly, purely for the selfish reason of stopping the spread of communism there).

The table at 4:15 seems to have some bias. Even including the highest tax classes and social security deductions I could not reproduce the difference between gross and net salary in Germany (and also not the difference between employee cost and net salary - even with their figures the net should always be more than half of the employee cost.) 4:50 That is not taxes, but taxes plus social security insurances (the insurance share is for most people far higher than the tax share). 4:53 The corporate tax rate was in 2008 reduced from 25% to 15% of taxable income plus 5,5% of the tax sum as 'solidarity surcharge' (for the costs caused by reunification and some other events), which than adds up to 15.825% of taxable income. The business tax is raised by the municipalities based on business profits; it is highest in the either most attractive or the most indebted cities. 5:32 The minimum wage in Germany is currently (since 2024) 12.41 Euro per hour, which puts Germany on fourth place in Europe (6th place worldwide) between Ireland and Belgium. Some weeks before the video was published it was set in October 2022 at 12 Euro per hour or 480 Euro per week if working 40 hours per week, before October 2022 it was 10,45 Euro. The minimum wage is normally set by a common comitee of the confederation of employers' associations and the confederation of trade unions, the rise in 2022 however was determined by the parliament. 6:30 That is mostly due to some bureaucracy, but it also depends on which kind (and size) of enterprise or company you want to start. 11:30 That tradition was destroyed by the Nazis - partly by driving away the most intelligent scientists (including, but not ending with Einstein), partly be replacing renowned university professors with their party followers, partly by killing the most promising of the younger generation in the war and in prisons. 12:20 But at that time the economy did not really flourish. The protection did not help to get competitive advantages. The Great Depression hit Germany hard, many companies went bankrupt or had to be sold to foreign investors (like the then biggest German car producer Opel, sold to GM), and the resulting unemployment helped the Nazis to gain power (as well as some conservative politicians and anti-democratic entrepreneurs) - even if the preceding government had already started some job creation schemes like building the first Autobahn sections. The Nazis then concentrated on the armament industries, their programs mostly financed by debt (which they later started to repay with loot first taken from Jews and other persecuted people and then from the spoils of war). 13:20 You need also a well thought out political economic system like the so called social market economy (a more accurate name would be competion-oriented market economy as it was called by one of its visionaries) with a strong anti-cartel or antitrust office, a redistribution policy to secure economic fairness as well as domestic consumption, promotion of social partnership, economic freedom while at the same time restricting "big players" to secure an economic balance of power, measures to secure economic and financial stability and other elements. The Germany of the 1950s was however also far less "interventionistic" than the UK or French governments. 13:48 The biggest recipients were the UK with nearly 25% and France with about 20%. Italy got nearly 11%, Germany about 10%, the Netherlands 7%, Austria 5%. The funds were mostly used to subsidize imports from the USA, while the European governments had to spend the same sum into counterpart funds to be used for recovery projects. A main difference was for Germany and Austria, that they had to pay back most of the funds; therefore they used the funds mostly for loans (while e.g. the UK used it to pay back debts). The German credit institute for reconstruction still manages the surplus of the reimbursements and uses it together with funds from other government programs to give low-cost loans in the course of those programs.

11:03 Ford made cars affordable for the lower income classes and changed/influenced the shape of american citydesign. Most of your infrastructure is made for cars from the start because a hugh number could afford one. It is weird that the americans never see that as an achievment on its own.

The actual success of the German educational system isnt that you split the kids into three groups at first (well after four years of collective studying) IMO its that it is a fluid system and even if you started low you can achieve higher education... In addition Germany has a very good adult educational system as well... You can visit classes of whatever you might be interessted in at whatever age you are

FYI - fulltime workmonth is 4.35 Weeks * 5 workdays * 8 hours Netto worktime (like 8 - 16:30 with 30 minutes break) The hour minimum is ~13€

Unfortunately for Germans the country is in steady decline, deviating more and more with time from the now outdated overall description given in the video. It's like a train with an engine that stopped working a while ago. The train is still going forward due to the large momentum it built up in the past. And all passengers sitting in their comfortable seats keep telling each other how beautiful the view is and how smooth the ride has been so far. In reality, they all know that something is terribly off. That didn't start yesterday, but has been going on for more than a decade.

yes 40% on high incomes but you dont pay on hospitals on pharmacy on education etc etc......

Something especially people from the US often misunderstand. Is that Taxes are not just something You pay. But are something that Pays things. Business and Industry needs 3 things to be Succesful. 1. Infrastructure that can Support and Supply whatever Industry or Business so it can actually work and be Competetive. 2. Healthy Workers which are Available and Skilled/Learned enough that they can Work for You. 3. A Demand from Paying Customers for whatever You offer. And here is the thing. 1. and 2. are heavily Subsidized by Taxes. If the Business needs to Pay for these themselves. Its often just so Cost Prohibitive that the Business has no Chance to ever Compete. Hence why there is only 2 Options for Succesful Business. You either go the American Way. Which is Radical Capitalism where Taxes are so Low and Social Systems are so Non Existant that the Companies can Work so Cheaply that they can Pay for these 2 things themselves. Albeit this often means that Specialist Workers are Super Expensive while Unskilled Workers end up a Disposable Ressource that gets handled like Cattle. The Big Benefit of this is massive Growth Rates because the Companies can make massive Profits very Quickly as long as they have enough Capital to Invest. Or You go the European (German) Way. Which is Social Capitalism where Taxes and Social Systems are High but the Companies in Exchange have access to Infrastructure and Educated Workers without needing to provide all of this themselves. This will often cause Larger Companies to have a Harder Time of getting large Profit Margins. And Specialist Workers will often move to other Countries. But the Big Benefit is an Unparalleled Stability which allows for a Stable and very Crisis Resistant Economy where People and Companies are Safe in knowing that their Critical Needs are maintained by the State.

i still remember how we used copper wire in school to pretty much build a rudimentary "electric engine" in the 90s 😀 didn't rotate very fast but it moved🙂

After WW2 germany did't just pulled itself up by its bootstraps. The Allies helped it back on its feet to be able to fight against the UDSSR. So there was a strong insentive to get Germany running again

Where is this wonderful country "Germany" he is talking about?

Minimum wage is about 13.5 $ USD per hour

im actually an Bosch apprentice, we all get nice unlimited (time) jobs after that. Thats how they make a lot of money

These days are OVER.

Germany has the worst shool system in Europe thats sad

Something the guy from the video missed, is, that in Germany industrial stuff was destroyed. Some stuff that was not destroyed, was dismantled and re-installed in France as part of reparation. In the end, Germany had to re-build its industrial complexes. There was a huge pile of work to be done, so everybody could easily find a job. Then, once the factories and premises were rebuild, all of this was new and thus on the technical state of the art. In the countries around, the factories were not, lots of them were pretty old. The stuff worked, but it was no longer state of the art. It's a nobrainer to understand that state-of-the-art stuff beats outdated stuff. So in the fifties of the last century, Germany experienced a wave of increasing the general wealth. There is a term for that phenomen in German language: "Wirtschaftswunder" (economical miracle).

Me a Croatian moves to Germany. Im a waiter by education gets a job at car industry I have no idea what Im doing. few years later I moved to another company working normaly get offered a job at TPM or as its called Preventive maintanance. Now Im servicing tools for press of 30 tons wich means Iam employed on a position I have no basic knowledge at all learned all throu work. Enjoyinga quite a good montlly paycheck. Its a Japanese company where I know for a fact the owner has millions yet somehow he knows my name talks to me even plays fotball with us. >I wonder how many Millionairs know the name of their employees and even socialase with them. The idea of German educationits ok U can have basic education but u can prove ur willing and incentove to learn and u can advance. So yeah Germany even with big taxes is a great place to live

unfortunately soon a thing of the past

After the war we also had millions of young refugees from former german settlements in eastern countries which had no land and forced to work in the industry. They also were highly educated and eager to become rich again. An example is Zeiss which was rebuild in West Germany by east germans fleeing from the russians.

The Nordic countries are roughly the same as Germany, although they are much smaller in population. Ford didn't invent a car they existed long before Ford. What he did was to start making cars that were not custom built but produced cars on assembly lines that looked exactly the same. Thanks to a Swede he got hold of in Sweden - Mått-Johansson (Carl Edvard Johansson) his combination measuring set consists of 102 pieces of steel that can be combined in around 20,000 combinations. The size is from 1 to 201 millimeters with increments of 0.01 mm. The pass pieces could be combined with each other in different ways to be able to provide all the dimensions needed in industrial production. That kit made it possible to manufacture car parts that fit from one car to another and that the car part did not just fit a single car.

That is something people don't consider when they say that taxation is theft. Most of that money is giving back in one form or another. Taxes pays for education, for roadwork, for police and fire services, for national safety (in the form of military), and many other things. If you send your children to school, that is tax-funded. If you need to call emergency services, that is tax funded. The fact that you can go to bed with the safety that no other nation will have invaded over night, that is tax-funded. That public pool? largely tax-funded. Public transport? subsidized by taxes. And those fundamentalists who are so against public, tax-funded healthcare, because it is socialist. If we take away taxes, they better start negotiating with a fire company in their area, because there will be no emergency number. You'd have to set up a contract yourself. And better start stocking on weapons, because there is nobody else stopping other people. Might as well dissolve all government and go back to small tribal societies. So better start your self-sufficient farm.

Let's not forget the American genius of the Marshall Plan (European Recovery Program) not just in terms of money but in trying to make Europe more connected, more stable and more in line with American values at the time. (From Sweden).

An educated Workforce makes companies more efficient. Germans also rarely change their profession. Workers here learn their Profession 3 years after they finish school. Usually is 50/50 Practice at the Workplace and theoretical in professional school. In the end, you do the final exam. This makes career changes more difficult but allows companies to have good professional workforce.

One more important point about education, to get certified as a trained professional in germany you have an apprenticeship of three somtimes even 4 years which combines learning on the job in company and specialised classes of school. Its called "duale Ausbildung". This gives german employers a deep understanding of their field of work. And many companies doesn't even hire people that aren't certified this way as trained professionals, unless they have an university degree of course. An other point that might be considered is that until some years ago national service was mandatory in germany which gave people a comon understanding of how things should come together, what helps a lot to integrate new employees or in coorperation of different companies.

Germany has 16 different education systems (it's state prerogative, federation has no say) and many are quite a long way into abolishing sorting students early. There's still three different tracks, blue collar, white collar, and academic/engineer, but in those states noone gets sorted into blue or white collar after primary, it's either schools with all three combined or the academic/engineer branch. Which pedagogues would like to abolish but the liberal elite gets quite regressive once their kid's education is concerned, they rather whip them into the high tier and drown them in coaching than let them be happy as a baker.

the german hello is more like a "halloh", means a strait "o" at the end, not "ou". :-)

20:07 What does this guy mean by "in other countries [...] totally unthinkable"? It's exactly the same here in Austria and a lot of other western countries as well, I guess.

The most important reason for germany's wealth is actually mercantilism! (That means that germany is exporting more than it imports. So germany gets more money from other countries than it spends itself)

I doubt Belgium had such a high percentage of literate people when they didn't even have mandatory school education before WW1.

Imagine that, employer and unions working together?! The calamity! When I still lived in Germany, my company where I worked had a union office, right on the premises. Nobody lost any sleep over that, as they do here, in the States. Also, a common motto is: Work smarter, not harder.