Rhine Capitalism - Characteristics

Characteristics

Albert identifies the following characteristics of Rhine capitalism:

• the world of finance is more dominated by the banks instead of the stock exchanges,
• close relationships between banks and companies,
• a well-adjusted balance of power between share holders and managers,
• social partnership between employers and unions,
• employees of higher loyalty,
• better educated employees thanks to something like the dual education system,
• more regulated markets and – last but most importantly –
• shared values by most of the citizens regarding the ideas of equality and solidarity.