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Barrera | 3 years ago
What's interesting here is how Germany's public policy is swaying in the winds of current events. First it was Japan's experience that triggered the country to pull the plug on nuclear. Now it's the Ukraine war triggering them to plug that sucker back in.
Sacrificing the long term for the short was in former times described as a characteristically American problem. I remember reading article after article about how far-sighted the European governments were. How they built consensus across public and private sectors, working on a scale of many years rather than just one quarter. How much better equipped they were to weather bad times.
It turns out all democracies face similar problems (The People want benefits without pain), but good times create illusions to the contrary for a while.
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