Friday, November 19, 2010

Germany Criticized for Doing It Right?

The Local, an English-language web site with news about Germany, posts an article today that is a welcome response to the ridiculous demands the United States is making of export-driven nations. I've long been thinking it was silly of Americans to try to get successful export nations like Germany and China to reduce artificially their trade surpluses. So I'm glad to see someone else say it.

American politicians, economists, and commentators love to make snide remarks about Germany as some socialist experiment gone awry. But Germany is a market success. Its products are world-beaters. Its unemployment level is lower than ours and is falling. It's got a huge trade surplus. It's tightening its government spending.

We would do well in America to start talking less and listening more.
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