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:
“Life is a disease; and the only difference between one man and another is the stage of the disease at which he lives. You are always at the crisis: I am always in the convalescent stage.”
—George Bernard Shaw (1856–1950)
“I see less difference between a city and a swamp than formerly.”
—Henry David Thoreau (1817–1862)
“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)
“The most eloquent eulogy of capitalism was made by its greatest enemy. Marx is only anti-capitalist in so far as capitalism is out of date.”
—Albert Camus (1913–1960)
“That nameless and infinitely delicate aroma of inexpressible tenderness and attentiveness which, in every refined and honorable attachment, is contemporary with the courtship, and precedes the final banns and the rite; but which, like the bouquet of the costliest German wines, too often evaporates upon pouring love out to drink, in the disenchanting glasses of the matrimonial days and nights.”
—Herman Melville (1819–1891)
“The best way to teach a child restraint and generosity is to be a model of those qualities yourself. If your child sees that you want a particular item but refrain from buying it, either because it isn’t practical or because you can’t afford it, he will begin to understand restraint. Likewise, if you donate books or clothing to charity, take him with you to distribute the items to teach him about generosity.”
—Lawrence Balter (20th century)