Difference Between "Rhine Capitalism" and The "German Model"
The term Rhine capitalism is an allusion to the former German government capital Bonn at the river Rhine and is also related to the nearby town of Bad Godesberg where the German Social Democratic Party SPD accepted this kind of capitalism with the so called Godesberg Program. Apart from Germany's, Rhenish capitalism has been associated with other Northern European economies (Switzerland, Austria, the Netherlands, Denmark, and Sweden) and it has also been used to characterize Japan's.
It is linked to some principles of social legislation, which can be found in all these countries, as social security in illness, unemployment etc., reducing economic inequality, strong banking system but weak equity market, solidarity based insurances, a large public sector, and far reaching labor laws. Some economists also make a distinction between the Rhenish model and the Nordic model.
Read more about this topic: Rhine Capitalism
Famous quotes containing the words difference between, difference, rhine, capitalism, german and/or model:
“The only difference between a caprice and a life-long passion is that the caprice lasts a little longer.”
—Oscar Wilde (1854–1900)
“There can be no difference anywhere that doesn’t make a difference elsewhere—no difference in abstract truth that doesn’t express itself in a difference in concrete fact and in conduct consequent upon that fact, imposed on somebody, somehow, somewhere, and somewhen.”
—William James (1842–1910)
“Ah, there should be a young man, ein schone Junge carrying Blumen, a bouquet of roses. There should be cold Rhine wine and Strauss waltzes, and on the long way home kisses in the shadow of an archway, like a Cinderella.”
—Laurence Stallings (1894–1968)
“When man has nothing but his will to assert—even his good-will—it is always bullying. Bolshevism is one sort of bullying, capitalism another: and liberty is a change of chains.”
—D.H. (David Herbert)
“How much atonement is enough? The bombing must be allowed as at least part-payment: those of our young people who are concerned about the moral problem posed by the Allied air offensive should at least consider the moral problem that would have been posed if the German civilian population had not suffered at all.”
—Clive James (b. 1939)
“It has to be acknowledged that in capitalist society, with its herds of hippies, originality has become a sort of fringe benefit, a mere convention, accepted obsolescence, the Beatnik model being turned in for the Hippie model, as though strangely obedient to capitalist laws of marketing.”
—Mary McCarthy (1912–1989)