The Economy of Germany

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This is Germany, the largest economy in all of Europe by a significant margin and the fourth largest in the world falling just behind Japan. The economy of Germany is so interesting not just because of its size though but more because it’s a tenuous and surprisingly short history.
Germany is a hugely influential economy in the world today and even more so amongst other European economies, it has been a stabilizing force in the euro-zone and its prosperity has overflowed into regions that have been less stable.
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📚 Want to learn more about the economy of Germany? We recommend reading "Freedom with Responsibility: The Social Market Economy in Germany, 1918-1963", by A. J. Nicholls
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#Germany #Japan #Economics
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Sources & Citations --
Nicholls, A.J., 2000. Freedom with responsibility: the social market economy in Germany, 1918-1963. Oxford University Press.
Sally, R., 1996. Ordoliberalism and the social market: Classical political economy from Germany. New Political Economy
Braun, H.J., 2010. The German Economy in the Twentieth Century (Routledge Revivals): The German Reich and the Federal Republic. Routledge
Stolper, G., 2017. German Economy, 1870-1940: Issues and Trends. Routledge.
Henderson, D.R., 2008. German Economic Miracle. The Concise Encyclopedia of Economics
Jeffries, I., Melzer, M. and Breuning, E., 2017. The East German Economy. Routledge.
Lechner, M., Miquel, R. and Wunsch, C., 2007. The curse and blessing of training the unemployed in a changing economy: The case of East Germany after unification. German Economic Review
Dale, G., 2004. Between state capitalism and globalisation: the collapse of the East German economy. Peter Lang.
Scharpf, F.W., 2010. The asymmetry of European integration, or why the EU cannot be a ‘social market economy’. Socio-economic review
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[@bluebear6570]

The term "economic miracle" only applies for the time of reconstruction after WW II.

[@skyz_6168]

It's not true that Germany started the first world war. The successor Franz Ferdinand of Austria was killed by a man who had contacts to politicians in Serbia. The main reason from the man was to free Bosnia-Herzegovina from the Austria-Hungary empire. Austria-Hungary wanted to clarify the case with a court but Serbia didn't want to and "asked" Russia for help if a war would start. Russia than secured help from France. The most important allie from Austria-Hungary was The German Imperium. Austria started the war on the 28th of july in 1914 with a deceleration of war on Serbia. With the peace contract of versailles ended the war. In this contract is written that the sole responsibility is with Germany and his allies for the start of the world war. This is one thing that is written in the peace contract of versailles.

[@dusansilni9738]

Do the economics of Serbia. Yea, it ain't much but I dare you to find how does it still exist, it should be fun :D

[@MrMadsticks]

Please give me some thoughts on the following mistellings of economic history that might lead someone to unintendet assumptions about the author: 1. trivialization of the holocaust 2. german monetary regime before 1933: Not the hyperinflation was the real Problem for Germany, the rapid change to deflation was. Hyperinflation hit the creditors, deflation the people. 3. deny the role of forced labour between 1933 and '45 as well as female labour in the workforce and thereby misinterpret the economical outcome. 4. FDR/GDR: wrong order of events and a general lack of understanding. 5. It is still officially FDR. Please sort: State, Nation, Country 6. Reunification: makes me kind of cry 7. EU-crisies analysis: even more... 8. Development assumptions? Simply unscientific! 9. Not one word on efficiency. Or what growth has to do with it. In my opinion, you simply took neoclassical bookknowledge (if not only wikipedia and yt) and applied it to historical systems. Not the way to go. Please stick to general economical litteration. Thanks for your work.

[@donfrancis9757]

Good video but even to this day the economy in East Germany isn't as strong, leading to some citizens criticizing the unification. It is also blamed on the west that the new government did not pick up some actually good social policies of the east leading to much debate even today. The German government also has failed for the past years to fund things like better internet and so on which in the future could leed to a slow decline of the economic growth.

[@killermoehre]

The 'e' in 'Porsche' is pronounced. It's a German word. We pronounce all letters, because dead letters are not efficient.

[@blutbaron6126]

Ein prächtiger deutscher Porsche

[@tomlxyz]

Yeah, no such thing as a silent h

[@melanien.6638]

Porsche is not a german word, it's a surname

[@socialcake9350]

@@melanien.6638 Well its a german surname. And our surnames are very efficent too.

[@michelbruns]

tomlxyz laughs in ought

[@youtubevleisureaccount545]

The whole world: German Efficiency is superior! Germans: wenn die DB noch einmal zu spät kommt, dann zieh ich in die schweiz

[@user-gc1hg9sp9k]

So what is DB?(i'm foreigner)

[@alexandererhard2516]

@@user-gc1hg9sp9k DB=Deutsche Bahn, our main railroad company. And especially those of us that embrace and embody german efficiency can get pretty aggravated if our trains are 5-10 minutes late. 🤣

[@foty8679]

@@alexandererhard2516 DB does not count delay under 15 minutes as delay. If the other trains would be waiting it would be all fine.

[@beyondEV]

"the hole world - switzerland" ;) we know why you germans are the biggest immigrant group in our country.

[@justlukas701]

Selber schuld, wenn man mit der Bahn fährt.

[@juliuss2056]

me, a german, slouching on the sofa while watching this video and munching crisps off of my chest *peak efficiency*

[@fluffigverbimmelt]

As a GER/GBR mix I approve of content and spelling 👌🏻

[@juliuss2056]

Jaskaran Singh Umm, I guess?

[@roadrunner6224]

You may not like it, but that is what peak efficiency looks like.

[@Minecraftzocker135]

@Jaskaran Singh Definitely. But it's not really the future it's already here for the past 60 years.

[@mastersonogashira1796]

Jaskaran Singh America: not if I have anything to say about dat

[@joecaruso06]

Kinda sounds like a history class. Please do a recent video explaining the economy today. I know for a fact that our big industrial sector is under pressure at the moment. Also considering the recent decline of the euro, how does that affect foreign investors? thank you.

[@mattpredictsofm.]

Fortune befriends the bold. -Emily Dickinson

[@hueymorello5115]

It would affect foreign investors positively and negatively depending but then again I’m not an economist. This is why financial education is prominent. Consider myself, coming from someone who has lost countless portfolioss due to ignorance, I currently hold (passively) a $71k pt following Yvonne Annette Lively analysis. It’s rad slow but worth it.

[@alyoshaivanovv]

@@hueymorello5115 wow that’s a lot considering the bear market. What assets are you focused on majorly and we could look up -yvonne annette lively right?

[@bradsandler3526]

@@alyoshaivanovv I just searched her, her resumes seems pretty valid

[@bradsandler3526]

@@alyoshaivanovv looked her up right now. Sure does have an impressive record. How do we trust her?

[@majorfallacy5926]

"German efficiency" *laughs in Berlin Airport*

[@emrandelowar9061]

Germans are perfect. Their failures are also so perfect impossible to fix

[@MKultra81]

Laughs in Deutsche Bahn and Stuttgart 21

[@simonbauer83]

Laughs in German bureaucracy

[@riz0n3rlol58]

MKultra81 Creates an Opera to laugh at the Elbphilarmonie

[@Tore_Lund]

@@MKultra81 Funny thing is that it was the German railway that was perfected leading up to WW2. And however unreliable it might seem to a native German, as a Dane travelling through Germany, it is an awe striking experience, compared to how poorly trains work in the rest of Europe, including in my own country!

[@snookiewozo]

As much as I enjoyed the video, it should be called "The History of German Economy" and not "The Economy of Germany".

[@lefotografion]

Absolut richtig absolutely right

[@thorH.]

I mean some level of clickbait/ an interesting title never hurt anyone right

[@sarasotauptoseattle]

He gave a full account of Germany's (current) economy. He was also kind enough to include the full story behind it. I'd call that "Well Done".

[@w0mblemania]

The channel is called "Economics Explained", not "World History Explained".

[@snookiewozo]

@@w0mblemania Then maybe it should start explaining the economy and not the history? Dumba*s.

[@nothing9260]

German Companies have to compete with other companies Telekom and Deutsche Bahn: Uhhh I don't know

[@RobotboyX2]

both companies kinda compete with other companies, especially telekom got a lot of competetion, deutsche bahn not so much, but there are at least some train lines especially regional which arent serviced by deutsche bahn, but i guess 99%+ of the rails belong to deutsche bahn

[@G.Giorgio]

deutsche bahn is afterall partly owned by the government

[@nothing9260]

@@G.Giorgio nope completely

[@wclifton968gameplaystutorials]

Deutsche Bahn (DB) is 100% government owned AND they own Arriva although some railway contracts are now going to other companies such as Go-Ahead Germany owned by the UK based Go-Ahead Group and I believe some contracts may also be going to Nederlandse Spoorweegen (Dutch Railways Corporation) which is 100% owned by the Dutch Government although corporatised meaning that it would be very easy to privatised...

[@Pizza_-oy4do]

They both have selled Stocks to the govermant

[@arielleung3917]

I find the Dunning-Kruger effect working very well in judging whether a country is generally good. If the residents keep whining about the weather, the policy, the education and so on, it's usually a reasonably good country to live in. If people are all like "Viva xxx! We're the best of all! Don't you ever dare think otherwise!", you 'd better run.

[@joesmith3590]

This is a amazing comment. So true.

[@maddude6342]

Indeed

[@thereaper7926]

Balkan moment.

[@rudnam]

true

[@Gebieter]

Yeah. But the German climate sucks though.

[@KingQwertzlbrmpf]

Fun Fact: The label "made in germany" was originally introduced in great britain in an effort to warn it's people about inferior german products. The only catch was of course that german products turned out to be far superior to the british products and so the label meant to warn about inferior products turned into a quality seal^^

[@gonz81bs]

@@biggsdarklighter0473 Wrong. It was the British Merchandise Marks Act from 1887.

[@djdag2000]

Thank you

[@pac1fic055]

Just like “Made in Japan” turned into a mark of quality.

[@kimvangvideomarketerbangko3265]

And now I'm quite sure we'll see the same with Made In China

[@turbinegraphics16]

Reminds me of those old British car commercials where they say they are better than Japanese cars because of greater spare parts supply.

[@tarsierontherun]

Everything Economics: economic dead weight *shows flag of Greece*

[@nikthegreek4223]

That was surprisingly painful. 😂

[@jmitterii2]

No. Debt that won't bare anything because some banks let Greece borrow so much... which Banks were these... well there's this one bank that even lent to Trump even after being stiffed by him. And then they wonder why they don't get their money back? Give Greece a rest. They actually work more hours than most nations at 1,956 hours (this is actual hours worked, excludes vacations, holidays, sick time etc). They rank number 5 of the OECD countries in the most hours actually worked per year. Germany is at 1,363 hours on average, the least hours worked out of all OECD nations at last rank of 39th. US ranked 11th at 1,786 on average. They're hardworking people. But the work they get doesn't value that much and is tenuous such as retail and tourism mostly. Whereas Germany has a large variety critical machine parts and fully assembled specialty machinery used for factories in mass production; they're greatest export. Along with other consumer end finished goods. And they still have a decent tourism and retail sectors. data.oecd.org/emp/hours-worked.htm

[@patheirbrown4158]

i felt that one i felt the shame and im not greek

[@jacobdesign1987]

Wonder where Greece got all those irresponsible loans from?

[@erweber]

@@patheirbrown4158 I felt the shame on the author actually. That was quite rude.

[@leakus4639]

SPEAKER: “Germany has only a short history“ KARL DER GROßE: “hold my beer“

[@derkyffhauser5394]

Kaiser Barbarossa: " Say what?!?"

[@dkolle3446]

weil er "die (heidnischen) Deutschen" christianisiert hat? ;) Die Mär von tausendjähriger "deutscher Geschichte" wird sich vermutlich genauso felsenfest halten, wie die Annahme meiner Großmutter, dieses Land sei auf dem Rücken der Trümmerfrauen aufgebaut worden...jedes Volk schafft sich seine Helden und am Ende ist die Substanz bedeutend geringer als die Geschichten um sie her...es fehlt eigentlich nur noch der klassische Arminius ;)

[@MonsieurCorbusier]

D Kolle Die Geschichte der Bundesrepublik Deutschland ist eine kurze, die der Deutschen reicht jedoch sehr viel weiter zurück, wie jeder, der zumindest ein halbes Jahr im Geschichtsunterricht seiner Schule verbrachte, weiß. Die Karolinger kann man guten Gewissens als "Gründerväter" Deutschlands und Frankreichs bezeichnen.

[@NavaSDMB]

There's these people who seem to think nation-states (a late-18th, early-19th century concept) must have existed in their modern form since forever or they just didn't exist.

[@felixstuber8046]

@@MonsieurCorbusier Dass sich die Deutschen als solche identifizieren, reicht jedoch noch nicht annähernd so lange zurück, wie das bei anderen Völkern der Fall ist. Selbst nach der Gründung des deutschen Kaiserreichs 1871 sahen sich viele Bürger des Reichs eher als Preußen, Sachsen, Bayern, Baden usw. Das echte Zugehörigkeitsgefühl zu Deutschland kam erst mit dem Ende des ersten Weltkriegs und der endgültigen Zerschlagung Preußens, und wurde durch die Weimarer Republik und vor allem durch die Nationalsozialisten stark vorangetrieben.

[@chad4501]

He said:"Germany isnt that old". "Italy is way older as country". Italy at unification at 1861. Italy :??????

[@Pottwal3000]

probably meant that the germany of today only exists since about 1989 ;)

[@willy4170]

He is referring to the weimar republic of 1918, the time when modern Germany was born

[@Pottwal3000]

@@willy4170 ok in that case he could als be referring to the first Reich, founded in 1871 ^^ i still believe, due to the context of the video title, that he means the germany of today, which took shape in 1989

[@willy4170]

@@Pottwal3000 yes, basically it returned to size it was during the weimar republic, so it wasn’t anything new

[@Pottwal3000]

@@willy4170 germany kinda lost bits of the weimar landmass after ww2 though, to shape the borders of nowadays, so that doesnt perfectly work out

[@mistrants2745]

"Germany A troublesome past" Well aint that the summary of the century...

[@nal8503]

Some people did something.

[@filzhut6234]

Ain't that a kick in the head?

[@Ka0lle3n]

And then germany did something naughty.

[@sorrowandsufferin924]

More like the summary of the millenium. This one and the last. Measuring a country based on it's history of 100 years, half of which was involuntary?

[@mistrants2745]

@@sorrowandsufferin924 its a joke

[@bvghinsdaprophatdesgrongru9393]

"Germany never had a big empire like France,Italy..." *Cries in holy roman empire*

[@evek3689]

"...which was not holy, not roman, and not an empire"

[@NotNewButYork]

@@evek3689 which was an empire, because it had an emperor, who was crowned by the pope for protecting Rome, who then became troublesome so they decided that the land and imperial reign itself were holy and no papal influence was needed, which then made them consider, why do we need that guy at all, which led to the thirty years war, which led Richelieu (yes the guy from the three musketeers) to invade, which unified them against a common foe (france - gee, i sure hope we won't see any trouble there) who was beaten, broke the empires back and a few new states were born, also absolutism - this, then led to funny peasant high-jinx in France, which led to Napoleon overestimating himself, which led to the Germans really disliking the French (oh boy, that ain't looking so good...) and made them remember that Strasbourg isn't an awfully french sounding name, oopsie, - war for unification, out of fear of outside aggression (man i sure hope the French will let it go and aren't all revenge-y). Look it's Clemenceau and he has a plan for a post war Europe if a big oopsie happens (i'm sure it is as mild as the congress of Vienna was for France after Napoleons exploits) oh, it's not? It's in fact so crass that the Germans jump at the opportunity for war just to prevent it from happening (why would they do that? ...not that they had bad experiences with the french or anything...) ... aaand they lost... well, this war was harsh, let's hope for a mild peace so that we can all come together and - oh - well this surely won't be a perfect breeding ground for an ultra-nationalist, militant group to rise to power on the basis of false economic promises, lies and revenge. ... Damn, son... ... damn... well now that that's over let's come together and - oh, you split it up and built a wall? Well i sure hope this won't come biting someone in the - never mind. and now Germany is a nation in the center of a peaceful Europe. That was fast, just took about half a century of nearly constant warfare... Tune in next week to see what they're up to next. There's always time for some

[@Boyd2342]

@@NotNewButYork...

[@alexanderlipowsky6055]

That was austria or the hapsburgs, whichever

[@evek3689]

@@NotNewButYork I was quoting Voltaire, who said the HRE was neither holy, roman, or an empire. Although the head of state was called "emperor", the HRE was not a singular state but more like a confederation, also, the emperor was elected, which was unusual for an empire.

[@shrek_has_swag2344]

When Japan and Germany become economic powers Italy: sad corruption noises

[@redhidinghood9337]

Also, sad uneducated noises Italy has some of the worst education quality and university attencance in the developed world😭

[@itzadam9359]

Japan: sad Yakuza and Rapidly Ageing population noises

[@unlink1649]

@@redhidinghood9337 great food tho. No worries we will keep coming to buy this stuff as long as you keep it coming

[@matteorovetto1568]

@@redhidinghood9337 uhm no?

[@jorgecuevas8843]

Why did the former axis Powers ended up being the most aesthetic countries? Wierd

[@pac1fic055]

When a German starts talking about efficiency, you better listen carefully.

[@angrybird7856]

Ich sags dir 😂

[@AIC_onyt]

Jawohl

[@dragonslayer8977]

Now here's a little lesson in efficiency to the tune of "We are Number One"

[@TENNSUMITSUMA]

HA! yeah right! I'll listen to the Japanese about efficiency! I'll listen to a German when it comes to loosing world wars and over engineering s**t that spends more time being repaired than actually being used!

[@terr1x-161]

@@TENNSUMITSUMA ?

[@smnmed]

*germans see Germany in the title* Also germans: DER KOMMENTARBEREICH GEHÖRT JETZT UNS

[@MilitantPacifista]

Sprich Deutsch du ....

[@NoOne-ef7yu]

Yes. Germans learned that comment sections can be won way easier than world wars.

[@herrputschy54]

But we speek English, aren´t we?

[@nickolasbrown3342]

@@herrputschy54 *laughs in American* (to be fair, English is so widespread due to US bribes in the form of tariff free exports for countries sending goods for sale to the US, a predominantly english speaking nation, so might have something to do with it, less conquest more tradey-trade)

[@rocketman99]

Zu man zu

[@wilet.3088]

Some love from Belgium here. It's funny to see all these Germans in the comment section being so hard on Germany and themselves... It's like : " ' Gut ' is not good enough... Wir wollen Beste ! " xD Probably the main reason why Germany keeps outpacing most other nations economically despite all the shit that has been thrown at them. Perfection is not of this world my German friends, but you guys do a damn good closing in on it. Glad to have you guys on board of this big European mess :D

[@ginch8300]

@スパイダーマン Facts

[@igotmoremotion]

Thanks

[@johnnieb.6273]

Natürlich! Es geht immer etwas besser

[@mrn234]

Without Germany the EU probably already had fallen apart.

[@Lots17]

Thanks very much :D

[@meikeschmidt5229]

"If a company is causing environmental damage, it will be taken care of" Germany: laughs in automobile lobbyism -_-

[@electricboi9319]

Meike Schmidt Coal industry as well

[@FuPete225]

Bullshit. Look at the RDE emission of other brands such as Renault, Fiat, Chrysler, Hyundai, Kia and so on. None of them had serious law investigation in their home countrys. In Germany there was and is a whole other Situation. VW, Mercedes, Opel and even BMW, although they built by far the cleanest diesel engines worldwide, had some serious investigation running. And VW had to pay a fine of billion euros. Other governments haven't been that eager on monitoring their industry. The huge amount of news articles in Germany relating to the "Diesel-Skandal" and the involvement of German car manufacturers has created the impression that mostly German auto makers build dirty diesels and the government has not punished them in a reasonable way. That is not true. You can see the real NOx emission of several car brands in the following picture: media.springernature.com/lw660/springer-cms/rest/v1/img/14231800/v3/4by3?as=jpg Quite interesting, isn't it?

[@meikeschmidt5229]

@@FuPete225 Many political decisions are influenced by the automobile industry, for example the non existence of an "Autobahnmaut" and "Tempolimit" as well as the huge amount of money that is used to make the car traffic more easy and comfortable instead of investing in environmental friendly transportation.

[@meikeschmidt5229]

@@FuPete225 But of course, Germany does a lot more than many othe countries, but... that's not hard... and that definetely won't stop climate change

[@steffenebener7332]

@@meikeschmidt5229 these are market laws irl. You want ecologically friendlier transportation? Make the alternatives cheaper/more comfortable/ overall better than what we currently have. This is too hard to do? Just opress consumers and producer, see how this plays out.

[@eurodoc6343]

I had the pleasure of living in Germany for several years. Everything really does seem to run very effciently (well, except Autobahn traffic). The classic example I will always remember... if a plumber or electrician comes to your house, they usually show up a few minutes early, wait outside your door, then knock at the exact appointed time. Compare that to the US where you're lucky if the person even shows up at all, much less on time.

[@Slyzer1990]

Economy: *exists* Germany: Es ist freies Grundeigentum!

[@reinerw.1158]

Other nations want imported goods: Germany: es ist freies Grundeigentum

[@patrickwang671]

"Gratis Immobilien."

[@namenamename390]

Machte meinen Tag

[@yeetdeets]

Germany: Es ist freier Lebensraum!

[@dashielcockrill998]

@@yeetdeets I feel so left out :(

[@ilFrancotti]

It's weird that Germany's patriotic symbol is an Eagle.. should be changed to a Phoenix considering their history and temperament.

[@Treviisolion]

ilFrancotti historical reasons. The HRE (the 2nd one that most people know about) was effectively the first german state as it’s core was formed by the german people, and the german people that weren’t in the HRE eventually became the Netherlands and Belgium. As the HRE was supposed to be a revival of the Western Roman Empire, it used an eagle as its symbol and that continued on into the German states after the HRE was dissolved.

[@belgarath6508]

@@Treviisolion Parts of Italy and eastern europe were parts of the hre as well...

[@Treviisolion]

There will be Changes lol

[@Treviisolion]

Belgarath I’m aware, but the core demographic for the most part was the German regions, and the HRE is generally considered the first German empire/state (the German Empire of the late 19th century was the second, and Hitler considered his nazi state to be the third) which is why the eagle became the German national symbol, i.e. the relevant part of this information.

[@noobster4779]

@@Treviisolion that is not entirely true though. The HRE imperial eagle was thew two headed one if I remember correctly. The Prussians used the one the current eagle "version" is based on. And do to the Bismarck and Prussia kicking the austrians out and going full unification, germany became single headed eagle "prussianized" germany :)

[@danielfogli1760]

"... a source of cheap export goods" - While showing Mercedes-Benz cars 🤣

[@Vampirzaehnchen]

Of course we sent only models made from pappmaché, not the real cars. :P

[@JasonParmar]

Having moved from the UK to Germany and back again. I can tell you from at least a government perspective it is NOT efficient, I would argue it's perhaps by far the slowest and most inefficient out of the EU5. Takes 4 months to do anything that takes mere days in the UK for citizens to do anything, register with the gov, pensions, internet, bills, healthcare - it's honestly horrible

[@almostblackbelt]

If I were from the UK I would say that too^^ Yes our govermental offices are slow. But hes talking about our companies and theyre kind of op

[@fritzzz234]

As a German, it is so satisfying to see how after the Brexit the English economy collapses more and more, supply chains collapse and England sinks into chaos. I can only hope that Scotland will break away from the lazy wannabe business professionals from England and that scotland join back the eu.

[@realtimestatic]

Government isn’t efficient but the companies are! We need to reform our government

[@fritzzz234]

@@realtimestatic you say it exactly as it is

[@itisabird]

As a Spaniard that has lived in the UK and lives now in Germany (f*****g Brexit!), I completely agree on that. It took me 4 days to completely settle in UK and close to 5 months (yes, months!) to do the same here. From what I experienced, UK was far more efficient, both government and companies. It's a shame that Brexit happened 😢

[@random8149]

"German efficiency" *laughs in Berlin Airport* *laughs in Stuttgart 21* *laughs in Deutsche Bahn* *laughs in generic construction site*

[@Unknown-ek1ox]

Welcome to Bureaucracy.

[@RegiusDecima]

Considering the DB is a private company and not a government one

[@Unknown-ek1ox]

@@RegiusDecima Bureaucracy also afflicts those, due to, well, in German terms, "Öffentliche Ausschreibungen" (I assume you know what I mean if you are German, otherwise I can try to describe the term upon your request) and how they're handled. With projects like train stations, bureaucracy immediately factors in somehow, because certain laws/regulations apply and companies just don't build things totally by themselves at will but interact with certain authorities and are bound to certain things.

[@TBFSJjunior]

@@RegiusDecima Private company but government owned. So it is a legal difference but not a practical one.

[@TBFSJjunior]

@@Unknown-ek1ox Why should bureaucracy be the reason behind those failures?

[@Sedna063]

More like a history lesson - you should make a second video that really explains the situation npw.

[@gerscorpion2578]

@@leonardofranzinribeiro4220 good work ethic and education. Little governmental influence and no outselling to foreign nations

[@l2ptink3r76]

Yeah that would be great! Also it's really unsettling that my Generation is really eyebanging strong socialist policies and there is a general disdain for business and companies in the community. It's really causing a lot of headaches because we're really running into stagnation again atm

[@Dave_Sisson]

He may have tried to make it a history lesson, but it's a drunk history lesson. I'm just an ordinary person with no special knowledge from the same country as the narrator, but I lost count of how many historical errors he made. But otherwise I like this channels stuff, so I will remain subscribed.

[@ASchell90]

@@Dave_Sisson What errors? Im not knowledgeable about history.

[@Volkbrecht]

@@leonardofranzinribeiro4220 Rumors are that a big part of it is due to most of our ancient paperwork being burned in the 2nd WW city bombings and the death of a large part of our nobility in military service during that same war. Pair that with the sheer necessity to rebuild a lot of the country from scratch, and you got what you need for a "Wirtschaftswunder" as we had it in the sixties and seventies: a flexible society unburdened by an upper crust, where a great percentage of the people had aquired skills outside of their professions. Another aspect that imo plays a major role is our two-tiered educational system (which afaik is unique to the german speaking countries), where most people who don't engage in academic studies are trained in a form of combined apprentice-ship where you attend a school part-time and spend the rest learning your trade in an active business, resulting in a high degree of productivity and specialization on both ends of the academic spectrum. The sad part is that at this point in time we're pretty much back to normal and just living off of the fame of the past.

[@sarasotauptoseattle]

Looking through the comments, I can't help but to notice that the vast majority of people trashing Germany are Germans and the vast majority of people trashing America are Americans. I think it's safe to say that both countries are doing pretty well when you see that kind of behavior from the first and fourth largest economies in the universe. Cheers to all!

[@florianlaur5300]

It's a huge part of German culture to complain all the time. I am from Germany, but I've lived in Indonesia and Japan and whenever I dared to compare things or suggest that things we have here could be improved (like our bus and subway system where billions are lost each year cause people don't buy tickets and I don't get why we use toll gates like in Japan, the US, Singapore, Jakarta), the Germans just go "well, if you don't like it here, just leave!" This inability to accept any criticism (especially if it's just) is why Germany is now failing. Thanks to the politics of the last 30 or 40 years, I really don't have any hope for this country. The only "hope" I have is that I notice that basically all Western nations, China, Korea, Japan and the US are going through very similar problems, also unwilling to learn or to adapt.

[@justicartiberius8782]

Sorry about sending so many german migrants to the US. Maybe the trashing of your country is inherited :p No, but for real: It's always good to search for the mistakes and problems you are causing yourself. Trying to find problems and mistakes in others isn't helping you a thing. In the end you are your own best helping hand. And that also means acknowledging what you are doing wrong and how to make it better. There is a german saying, which most likely exists in all countries in one form or another: "Learn from your mistakes"

[@sarasotauptoseattle]

@@justicartiberius8782 I'm quite sure this is an issue with all of humanity itself and not exclusive to any particular country or culture.

[@justicartiberius8782]

@@sarasotauptoseattle Still, i wish germans would remind themselves to be more critical about their own decisions. Right now, especially in our political landscape, i'm not so sure if they bring the necessary criticism and self-reflection to the parlament.

[@osker420]

Just to be clear: Germany did not declare WW1

[@cancankaya2307]

Tacitus Kilgore winners are wirtin history

[@ianl1052]

Correct. "On July 28, 1914, one month to the day after Archduke Franz Ferdinand of Austria and his wife were killed by a Serbian nationalist in Sarajevo, Austria-Hungary declares war on Serbia, effectively beginning the First World War." www.history.com/this-day-in-history/austria-hungary-declares-war-on-serbia

[@jmwichert8842]

Nor did they lose "badly" or lose most of their infrastructure. The onerous terms of peace were a big problem.

[@devilsonlyfriend3401]

JM Wichert the Video is right we lost very badly.

[@ianl1052]

@@user-lt9oc8vf9y So, using your logic, because the UK under Tony Blaire offered the US under George W Bush unconditional support (blank check assurance) to start an illegal war against Iraq, we effectively started the second gulf war even though we didn't actually declare war and because the war was illegal, Tony Blaire is a war criminal.

[@CrazyKraut20]

Germany: efficient Berlin: Hold my airport

[@Victorlp1234]

Stuttgart: hold my 21

[@robpiy91]

@@Victorlp1234 well it IS half of 42 so it is mathematically half of the answer. the other half is pure fecking chaos though.. :D

[@emanuelschuchart1788]

This comment section is hilarius xD. Thanks guys!!

[@j.m.w.5064]

Comment doesn't make any sense. You got that "hold my beer" phrase backwards.

[@emanuelschuchart1788]

@@j.m.w.5064 It's funny, though

[@ethandarvin2910]

Italy didn’t unite until the 1860’s either

[@melefab]

1861 to be precise

[@mikado6407]

Italy wasn't as disunified as germany around the time it united tho.

[@nikolavideomaker]

And greece until 1821.

[@marko7304]

Well, look at them now.

[@ayylmao2190]

thank ya boy Napoleon the Third for that 1

[@firomlp]

As someone living in Germany I really appreciate this video referring to German history, to the German reunification and its economic system. The social market economy as you presented is really one of the special cultural goods a German can be proud of. Sadly, little foreigners and not every German knows what this system actually is and means. I think Germans should be a bit more courageous in supporting its economic system and show its positive aspects in cultural exchange, (,while respecting others, too). This could potentially be an enrichment to the world.

[@alphonsecatan2]

Germany is like that kid your class who you thought has no bright future because he's always causing trouble in school

[@alberthorn180]

You would think otherwise if you understood HOW GOOD he was at this particular talent of causing trouble. You would understand, that with *THAT* amount ofmotivation, he can be as good at everything as he is at causing trouble, should he ever decide to.

[@tristankeech4070]

"And its prosperity has overflown into other nations that have been.... less stable" everyone looks a Greece disappointedly

[@tristankeech4070]

@marios gianopoulos I hope they do to, Greece is... Unique.

[@Sum_Ting_Wong]

Greece should become a narco state....the land is perfect for marijuana. Then become a money laundering tax haven like Cyprus.

[@harrisonqu8359]

Tristan Keech at*

[@SimplifiedFinanceSiFi]

Greece is probably still paying off loans from 1800's wars against the ottomans

[@crycry49]

Greek economy is in fact starting to grow again.

[@ericmyrs]

"Infrastructure spending increased" *Shows picture of a road in Norway*

[@user-ci7vu7eo9w]

this chanel is a joke

[@thomastakesatollforthedark2231]

@@user-ci7vu7eo9w hah! Sure

[@solunasunrise]

it does but especially in berlin its really annoying , way to many construction sites and blocked roads due to this .... my own street i live in got ripped open within 10 years 3 times now ... and that is a basic trend in berlin

[@Victorlp1234]

@@solunasunrise Please don;t come to eastern Europe

[@laurel1865]

They are stock videos

[@Alex_Plante]

You forget the most important fact about German reunification: the decision of West Germany to accept East German marks at parity with the Deutschmark. Under communism East Germans had large savings because there was not much they could buy and any black market was suppressed. So they had no choice but to save instead of spend. Those saving were denominated in East German Marks. When the wall came down and German reunification was being negotiated, it was not sure how much of the East German political system would survive. So the the West essentially bribed the East into complete absorption into the Western mold by accepting East Marks at parity. This caused the East German economy to completely collapse, because nothing in East Germany could compete with the West when the two Marks were at parity. If the East German mark was set at a much lower exchange rate, the East German economy would not have collapsed so completely. Initially the East Germans went on a spending spree, but this caused inflation in West Germany, so for much of the 90s the German economy was depressed because of austerity to control inflation combined with the complete collapse of the East German economy. People forget that Germany was the sick man of Europe for most of the 90s and early 2000s.

[@sinenhlanhlamathe1311]

The 3 last minutes of this video made me emotional..what a strong country Germany is, you guys should be proud of always picking yourself up, my wish is for my beloved country South Africa to also rise against all adversity... I love Germany!!

[@amm287]

Im watching this video in Germany again and again. It gives me hope we will pick up during and after this covid crisis as fast as possible. We definitely need all our resistance to come up. It depends so much on our speed.

[@alberthorn180]

To manage the typical German picking ourself up, you need.... typical.... *Germans.* Those are dying out(low birth rates) and replaced by people that arent insanely famous for their "picking themselfs up" skills.

[@justicartiberius8782]

Well, let's hope it will work out this time. Germany didn't have the growth of other countries during the last decades. The population is stagnating, didn't grow much since 85 years ... without mass migration we would have shrinked down to 65 million people at this point, which is as much as we had 100 years ago. Germany is facing huge demographic problems, just like most of europe, while nations like india are constantly growing, providing the young talents and workers to lift their economy and steadily increase it's strength. It's quite ironic how our government turned a blind eye on this matter for a very long time now ... and how the dangers of mass migration also weren't openly discussed. You need a strong majority to integrate a newly arrived minority ... but things change if the majority slowly becomes the minority. Especially talking about schools. Things are going wrong when german kids are socialized by the children of immigrants, not the other way around.

[@negentropyagent7337]

"German efficiency" *laughs in Standesamt*

[@-----REDACTED-----]

East Wind Any Amt really...except Finanzamt. Wily bastards.

[@SchwachsinnProduzent]

Standesamt was Bismarck's invention to reduce the influence of the church. I guess it is still more efficient than all the trouble the church could have given you, if there influence wasn't as heavily reduced. Just think of marrying someone from another religion

[@fabelolfabelol]

We just got married in Denmark instead. Way better ...

[@aoelp]

@@-----REDACTED----- Well they are also inefficient, but only in those rare occasions they owe you money and you could actually use it. Like after jobbing during vacation, but only for a few weeks, while still having financial support. Waited about two freaking months for my "Steuerrückzahlung" this year and mind you they got it in early February, way before most Corona measures, so they could 've easily done it within two weeks… like they did last year. But god forbid you don't pay up within days after they sent your letter.

[@Crom1980]

@@Djamal.K That's the first letter a new born baby gets. The tax I'd for rest of your life.

[@sKY-pg8ut]

East and west are even. Sicherlich.

[@Inuuu]

Nicht

[@4Astaroth]

Yeah that was the worst part of the video. Quite everything about East Germany but it was expected because it is told like this nowadays. Seems they haven't heard of the Treuhand and stuff.

[@bvghinsdaprophatdesgrongru9393]

*Laughs in Bavaria*

[@Benefacez]

What a joke, I agree! Living in Berlin I still get paid East German tariff which is considerably below West German tariff. And this 30 years after reunification.

[@MisterPyOne]

But the Soli was abolished

[@kosinusify]

Ich bin ein simpler Mann. Ich sehe German, ich klicke.

[@reptilev8625]

"Germany started 2 world wars" Austria👀

[@l.jturner6617]

Could we get a part two more about modern Germany? The history is interesting, don't get me wrong, but we'd still like to know about the country's modern economics

[@NJcinemaHD]

still rhine capitalism, now almost completely implemented in the east (though not yet fully, but we balance it out by giving the east "bundesländer"(countys if you will) more of the tax money. And german products are that good, because it is so fkin impossible to compete on the cheap or even moderate prize markets, you simply have to make the best product and overcharge to surivive on a global market.

[@lars9168]

I tell u something about our economics: Communist polititians, crazy high tax, stupid laws that destroy companies, stupid laws to protect climate that dont protect it at all

[@Maddinhpws]

6:10 this is actually only partly true. Germany was still beaten while it was down. The loss of patents alone already constituted a bigger loss than the entirety of the Marshall Plan was worth for West Germany. Also well into 1950s they still disassembled factories. Germany was excluded from the patent union until way later while also forced to report every bit of research they did to the USA (which sold the tech to their own corps) which in turn stumped technological growth in Germany massively. Furthermore, Germany had to sell their produced coal at 1/3 of the world market price which was also a loss of billions. All in all, the allies took out of Germany more than 10 times the amount of money that the Marshall Plan gave them.

[@xandercorp6175]

Ungrateful. No sense of degree or proportion.

[@alberthorn180]

I am 37 years old. I am German. I *NEVER* heard any of it. Our anti-German Media, academia, artists and "representetives" did a PERFECT JOB!

[@davidmueller3650]

​@@alberthorn180 Just visit a museum and take a look at wikipedia. Or watch a documentary. No one is hiding this information. However when it comes to numbers things get complicated. Marshall plan probably just existed to compete with the sovjet union. The nazi regime also dismanteled and looted other nations. Not to mention the bombings or enslaving and killing of people based on their ethnics. It`s really hard to compare one thing to another. After all people should learn from history. (23, German)

[@flzi0002]

That was in the long term a good thing! While the victors got the Modern Steel Plant from 1935, The generation of my grandparents build a Top-Line plant with thech from the 1950s! That was the catalyst for the efficency! (At least in my humblen opinion as a studied industrial engineer.) Also, the sheer loss of life (and therby workforce) would have made it impossible to operate those older manual labor intensive factories. (the patch-work family of 13 of my granddad had only 5 survive the war) The braindrain was real though. But also i like to think that taking many people like von Braun was a good think. What would he have achieved in germany? We could have never gotten to the moon in 67. Also got rid of a lot of old nazis... not many enough though.

[@alexs5744]

Germans have no right to complain about their punishments for two World Wars.

[@Rex6b2001]

I am just saying that Germany doesn’t declare the First World War. It was Austria and we had to jouney because of treates

[@maximilianbeyer5642]

Well yes and no. Before they did anything in the July crisis, the Austrians asked the Kaiser whether Germany would help them and what they would do and he basically said he wants the serbs to be dealt with and would support austria in whatever they want. It's called the blank check. So they're definitely not without fault here

[@ThomasZadro]

Well, Austria declared war on Serbia, which then called Russia. To defend their alley, Germany did the most reasonable step by invading Belgium to attack France... All this while Austria had sent a single boat down to Serbia, fired a bullet and waited till the end of the harvest season. So, technically, it was Germany as they - as usually - took the whole thing far too seriously.

[@looinrims]

Debatable

[@alouisschafer7212]

every empire in Europe was responsible they were all just waiting to finally have an excuse for a declaration of war

[@Ross-vb8bb]

Maaan I didn’t know Germany was so badass. I hope to visit Germany some day.

[@jwstfan]

Economics Explained: Releases a video about Germany All Germans: Ein Volk, ein Reich, ein Kommentarbereich

[@Flamme-Sanabi]

Do I see a Blitzkrieg to take over the comment section?

[@HaseDackel]

Dieser Kommentar hat mehr Aufmerksamkeit verdient

[@berndspencerrositzka8295]

Wie oft muss ich diesen Müll eigentlich noch in deutschen Kommentaren lesen? Der hat mittlerweile einen Bart bis zum Mond! Abgesehen davon muss man sich schon dafür schämen.

[@jwstfan]

@@berndspencerrositzka8295 lol

[@Meiseside]

@@berndspencerrositzka8295 Ich als Österreicher finde es irgentwie doch noch amüsant wenn ich solche Kommentare(teils von Amis) lese.

[@johnsmithold7671]

Deutsche der Kommentarsektion versammelt euch!

[@naan-oyobizniz3168]

Artikel 8, (1) - Alle Deutschen haben das Recht, sich ohne Anmeldung oder Erlaubnis friedlich und ohne Waffen zu versammeln. Bringt alle eure Freunde mit!

[@rambro5104]

Allmanbündniss!

[@civishamburgum1234]

Zu Befehl

[@oskar5709]

... auferstanden aus Ruiiinen uuuuund der Zukuuuunft zuuuugewandt

[@user-xb9yv2ci4c]

Ein Volk, ein Reich, ein Kommentarbereich!

[@gavinchapple825]

Mate you are an absolute legend! Keep up all the great work champion! It’s been a long time since I binge watched KZbin videos - you sir are responsible for that - well done

[@koolyman]

I've always admired how Germany has gone through so much and fought to pick itself back up.

[@alberthorn180]

S not Y. GermanS. The people did it.

[@lovepeace9727]

When talking about Western Germany: *shows great parts of modern Germany* When talking about Eastern Germany: *ruins, destroyed shit, grey walls and etc. * I see what you did here, mate.

[@dr.wahnsinn9913]

To bee honest if you drive through Eastgermany you really see a lot of nearly ruins and the Most biuldings are like this grey buildings (exept the "Altstädte" (I dont how you would call the historic prats of Cities in english)).

[@fristnamelastname5549]

Germans when the snow is speaking Russian. Germans when the Beach is speaking English. Germans when Other Germans talk about the Economy of Germany.

[@odoggow8157]

got stoned while he was editing hohoho

[@d4rktranquility]

@@dr.wahnsinn9913 oldtown...

[@d4rktranquility]

@@dr.wahnsinn9913 so oft warst du anscheinend noch nicht im Osten. Sozialistisches Einheitsgrau ist lange vorbei. Das muss man echt suchen.

[@gegenton3953]

First of all I'm impressed by the crisp overview of our economic history. I also liked the logical "explanation" of the wars we fought (not justification obviously and even "explanation" seems odd in this sense). There must have been some serious research work done for this! After reviewing some of the comments here, some explanation for the more recent development of the German economy: Germany has been and is still heavily relying on their automotive business. Not only due to the many brands that are well known but also for a lot of smaller companies that supply them. With electrification on its way to the top Germany is on a pivot point for these businesses. There are a lot of investments done by OEMs as well as in incentives made by the country and states currently to keep this industry afloat. It will be interesting to see if they can make the cut or lose to companies that have a much more drastic impact and pace in electric and autonomous driving business. Some of today's industry branches also have a "negative" history in the sense that they have been part of the supply network for military or war in general. The technological and efficiency rise of these companies has been explained in the video. That being said some of these companies still profit from "yesterday's" profits. The way that you explained the West German starting point to rebuilt was excellent. Still today, Eastern Germany suffers from lower economy, though. Western states provided financial help since the reunion, but due to the mentioned factors still the eastern part is not comming on top. Equalizing living standards and economy in general has worked out in bigger cities, but rural areas have seen quite some exodi as people migrate to the cities (while in the old western parts these effects exist, too, but to a much smaller degree). One thing that needs to be mentioned is the very popular German way of operating smaller to medium businesses. It has been mentioned that regulations stop companies from becoming "too big" (which is really rarely the case, at least if compared internationally). The real deal is the high quality standard that even small companies oblige to, to be able to compete on national and international level (e. g. being a supplier to the automotive OEMs). I think you mentioned this to some degree, but KMUs really are the thing that seperates German industry most to other countries. Germany is also often quoted as the country of "Dichter and Denker" (poets and thinkers/inventors) which mainly refers to a time that is too long ago to have a realistic and measurable impact on today's industry. Nevertheless Germany had a strong starting point when it comes to important inventions for several markets (chemical, automotive, steel manufacturing, clothing, robotics, food supplies and probably many more that I can't think of). Having a strong start always comes in handy, even despite the fact that Germany had to struggle a lot with the different "problems" you have mentioned so nicely. One last thing to mention is Germany's role in the financial environment of Europe (you mentioned the crisis in 2008 and depts from southern countries like Greece and Italy). The role that Germany had to play in this can fill either a romantic novel, a thriller or a crime report, depending on the angle you look at it. I highly recommend Ray Dalio's explanation on why he thinks that Wolfgang Schäuble (Germany's minister of inner affairs and financials during this time) had a very unpopular role but managed it greatly. One thing that may not be forgotten is that Germany is still suffering to find a good balance between depts, interests rates from the EU and supporting their neighbors that they rely on so heavily (from a financial and industry point of view). Germany has a very primitive interest on keeping the European Union alive, obviously and thus their political interests may seem intriguing. I would love to see a further in-depth video on this by you, too! Future "hurdles" for Germany are digitalization (some scholars argue that Germany already lost the race some years ago), electrification and autonomous driving (as described above), creating a sustainable environment (both in energy and equal living standards between west and east, city and rural as well as rich and poor) and their political and financial role (often referred to as leading) in the EU to keep the European market up (which the can't do alone obviously!). This comment is very Germany-centred. There's a lot been and being influence by other great nations, especially in Europe, but I tried to adapt the narrower view the video had.

[@txbi9411]

My man wrote a whole roman

[@graup1309]

I'd also like to add, that, despite those many hurdles, I think there's a key factor about Germany that is missing in this video: geographical advantage. Germany is and always has been an enormous country right in the middle of Europe, with the highest population of any European country, if we ignore Russia. And that has to account for something. For basically all of history, if you wanted to trade across Europe and do so via land route, you had to go through Germany or cross South of the Alps (or cross the Alps directly, but that seems like it would be pretty expensive) and I'm inclined to say that that alone, having a big country with a huge population right in the middle of everything is a big advantage that comes with immense power (so much so that it was one of the main arguments why people opposed reunification, both inside and outside of what is now the reunified Germany) And another thing: this geographical position leaves you with two options: fight a lot of wars or have really strong diplomatic relations, I think it's safe to say that both have been explored extensively and I'm glad for the past 75 years the second one was the preferred way to go.

[@peterkoller3761]

One thing you forgot to mention is the superiority of the German education system when it comes to trades and crafts. Even average skilled German labor is superior to almost any other country´s in the world!

[@johnanderson6690]

why, in your opinion (as a thought excercise), hasn´t Germany fully transitioned to electric cars?? Please elaborate.

[@peterkoller3761]

@@johnanderson6690 electric cars, over their full life cycle (building, running and recycling them) are environmentally at best on par with and by no means better than a modern gasoline or diesel driven car, while their usability (range (especially in winter with heating and lights on), charging time, risks in an accident, costs...) is ridiculously inferior, they are just a hype to pull money out of our pockets. I guess hydrogen cars will be the future. but what has this to do with Germany?

[@ndes0532]

Explaining the German economic miracle without mentioning Erhard once? Pretending East Germany suffered mostly due to geography and industrial heritage, not socialism? What?

[@steffenebener7332]

Yeah i feel like EE are a bunch of Keynesians, with sympathy towards socialism

[@biggsdarklighter0473]

Well, any industry in the east was systematically demounted and shipped to the USSR.

[@lenn939]

@Steffen Ebener Of course they’re Keynesian because it’s just mainstream economics nowadays

[@steffenebener7332]

@@lenn939 no, that would be the neoclassical synthesis

[@AmberSK15]

Yeah, I agree, but due to geography and such east germany was already of to a significantly worse start than the west. Add 40 years of pretty bad socialist economy and voila

[@huwjonesification]

After watching this video, I'm going to start describing myself as a Rhine Capitalist. A competitive economy coupled with a strong public safety net. That's what I want to see in the UK.

[@mikeg6988]

"economic deadweight" as the Greek flag flashes. Hilarious!

[@darkknight2201]

Though you are right for the most part let me remind you that Germany still owes Greece war reparations that were never payed even today..

[@imperiumgraecum9126]

Because it was totally Germany's fault that the greek governments, one after another, spent exorbitant amounts of borrowed money to completely unproductive parts of the economy, just to please the average voter..... Ασε μας ρε φίλε, λες και αν η Γερμανία έδινε πολεμικές επανορθώσεις, δεν θα καταστρεφόταν η ελληνική οικονομία με την νοοτροπία των Ελλήνων πολιτικών και ψηφοφόρων....

[@gusphaseb3936]

No, but Germany's neoliberal policy prescriptions were the equivalent of giving the patient poison.

[@neumannalexander1352]

@@darkknight2201 70 Years have passed. In the 2 + 4 Contract the Greek Government said: "With great sattisfaction we are taking notice of the contract in terms of Germany" These are 2 points where a wanting of 270 Billion Euros appears to be quite high. Also it is split in 3 parts The Governments with War Reperations The Government with a Credit (Somewhat like 11 Billion Euros) and the Greek Citizens, who want a reperation. But with the 2+ 4 Contract your Government felt sattisfied. And after 70 years it comes to your mind, to take war reperations because you crushed your economy? You dont need to be thankful for the german credits, the german tourists or anything like that. But you can have a certain sense of understanding. I am not responsible for what my ancestors did You are not responsible for how your government smashed your economy Just take our credits, be happy you will never need to pay it back and its fine.

[@imperiumgraecum9126]

There was no poison; the Troika asked for budget cuts(of any sorts) that would stabilize spending. It was the inter-crisis governments' choices and far-left and far-right wing populism that brought further mess into the economy.

[@riqdotwav]

"Germany loves their companys" i waited 4 months for an answer trying to register a business...

[@GunslingerLv]

Dont forget to prepay Taxes

[@ahofmann1577]

Big buisiness... small buisiness are getting fucked through taxes

[@mucsalto8377]

maybe you should not only fill out the forms, but send it out, too!

[@mtoumiification]

Wenn’s zu lange dauert Anwalt einschalten dann gehts ganz schnell...

Do you live in Berlin by any chance?

[@ASo5one]

Wow, looking at the history through an economic lens makes so much sense and ties it to a thread, where before it all seemed like random events. Best history lesson i got in a long time. 👍

[@tilmanpfersdorff6029]

Important to note: the Nazis weren't the ones to ramp up spending, it was actually their predecessors, the Nazis just kept it up. No the Nazis didn't build the Autobahn (well not a big part of it). Please stop praising them for that.

[@tilmanpfersdorff6029]

@Vear Bici keep telling yourself that......

[@tilmanpfersdorff6029]

@EDGE No they didn`t. The Autobahn consturction was started in the late 1920/early 1930s by their predecessors as a way to boost the economy after the great depression. The first Autobahn was completed before the Nazis took power, but of course they wanted to get the browny points, so the just demoted that Autobahn to a "Reichsfernstraße" and celebrated the next Autobahn being completed as "the first Autobahn". And that is the lie that sticks until this day.

[@alexibrailey9529]

They get knocked down, but they get up again.

[@EconomicsExplained]

Haha haha yeesssssss this was all I was humming to myself as I was writing this script

[@xPlatiinHD]

Yes, Since thousands of years :)

[@MilitantPacifista]

@@xPlatiinHD brudi nein.

[@xPlatiinHD]

MrEppart „Brudi“ doch

[@xPlatiinHD]

Khaffit Ja, möglichst weit weg von dir

[@alexschwarz6710]

Correction: Italy like Germany is a recent nation state

[@HumblebeeRules]

Another correction: WWI was fought almost entirely on the soil of France and Belgium. Germany's infrastructure was therefore in much better shape than France's.

[@5daboz]

Living in Slovenia, we will soon be 30 years old. Those old geezers.

[@tonytran7149]

Yeah and in WWII it was bombed

[@ollierkul]

Yeah I was sure I remembered from history class learning about Germany and Italy's formations at the same time as they were quite similar in nature and happened at roughly the same time?

[@m1l3s27]

@@ollierkul Italy was also composed of small states and was united by the kingdom of Piedmont Sardinia who allied with France against the Prussian to secure some of the last parts of Italy under foreign control (Lombardy) . Garabaldi later used the opportunity of the northerly states being unified to launch a campaign to unite the South. All of this was going on since the reign of napoleon, and mostly completed by 1861. At that point Venezia and Rome were the last parts not included. These were added to the kingdom in 1870, and Italy gained a teeny bit more land from ww1, but the borders were basically modern Italy in 1870.

[@RoccoArgubright]

It tried to pick itself back up again then boom, COVID-19

[@kimvangvideomarketerbangko3265]

No wonder they're protesting the lockdown

[@RoccoArgubright]

@@kimvangvideomarketerbangko3265 Yeah the lockdowns are stupid. Even the WHO is saying it.

[@godofwar4276]

@@RoccoArgubright Well, WHO has no credibility

[@RoccoArgubright]

@Exploding Builds The fact that you’re calling me stupid yet you don’t have an argument is quite ironic

[@RoccoArgubright]

@@godofwar4276 Ok, what about the CDC which has said the same thing

[@VanceLance25]

thank you for making this video :') made me happy to watch it

[@KelnelK]

"All great nations were formed in the aftermath of a war" - an Australian

[@user-uw3fi2zg4t]

notice he said all great nations

[@benbiebuyck9697]

Technically, the rise of Australias population is because most of the prisoners from Britain were sent there after the revolutionary war.

[@terner1234]

australia was formed before the great emu war

[@knocknapeasta]

The Frontier Wars, the one we're not taught in schools here cost a minimum of 40,000 Indigenous Australians and between 2,000 and 2,500 settlers

[@Wrutschgeluck]

Ah, so the first settlers never fight with the natives in Australia? cant believe the natives are so nice and gave them the land for free. wow.

[@jamesranjithkumar]

USA: Our economy is developed even after a bloody civil war. Japan: We improved our economy even after being devastated by two nuclear bombs. ????: Amateurs. USA and Japan: What was that, punk? Germany: Amateurs.

[@aaronbulmahn3817]

James R. Ranjith Kumar To be fair though, while I wouldn’t agree that we are at fault alone for WW1, we definitely are for WW2 though. I really liked that the background in which Hitler was elected was called out, as it makes it easier to understand why such an atrocity could emerge but even with the worst situation possible: You can only understand immoral deeds, you can’t justify them. So I’d say the aftermath of WW2 is pretty much our fault and it shouldn’t be made look like that was an economic blow that just “happened” to us. Germans made that happen. Well, there you go, serious answer to a joke, as to be expected of a German xD

[@9SMTM6]

@@aaronbulmahn3817 I mean, did you follow the video? Then try and draw parallels to western nations these days when they're in problematic economic times. They have it far better than Germany had back then, and they have the example of Germany to show them the problems, but still they all elect ever more radical governments when they feel like their situation gets continuously worse. The government coming to power was definitely a product of the circumstances. Where you have to say that the people did super bad stuff is when they continued to follow "Dem Führer" into the war on minor groups (prominently the Jews) etc. And the ongoing continuation of the war even after a lot of war crimes were committed was... Problematic, but there's Propaganda, at least I don't know how much they knew of what was going on. So to come to the point, while the Germans did a hell of a lot of problematic warcrimes while it was going on, I'm not actually sure how much you can blame them for starting that war either, I might even say that they were more to blame for WW1 (though in WW1 the population of most major nations was largely in support of war, while in WW2 yes, it was mostly only the German population that supported it, though again that was really born of their situation). To end it all, as a German I have to say that we owe the USA a grand debt when it comes to making Germany stable after WW2 and ensuring that the situation after WW1 doesn't repeat. Again that was largely born out of the situation (they wanted a strong nation to wall off communism, and not another war of course), but that shouldn't lead to us depreciating it, especially considering how other European nations (England and France) back then were not quite so sure about that and only followed the USA, sometimes begrudgingly. The USA were the ones that had the distance and the motivation to draw the right conclusions on what needed to be done to prevent history from repeating itself.

[@anjoberlin8708]

James R. Ranjith Kumar lol

[@Black_CoreyNFin]

The main reason Japan and Germany both rapidly developed after ww2 was mostly through US aid and assistance.

[@kalebproductions9316]

Halte mein Bier.

[@kenthoover3573]

I now this channel focuses on the economics but something worth mentioning is Germany’s very strong science/engineering history. They are the founders of many breakthroughs in chemistry and physics which lead to them being the best at producing many things which is still shown today.

[@comradelulz7455]

With German efficiency this video could've been finished in 5 minutes

[@urinstein1864]

"even Greece and Italy have been around for hundreds of years" excuse me?

[@mygl4490]

Greece almost 200 years.

[@mygl4490]

@LUL LUWL italy is slightly older than Germany. Germany was born in 1871. Italy 1861

[@Aggelostououranou]

As official states I guess, yes. But as civilizations, people and cultures, Italy and Greece have been around for thousands of years.

[@hildegunstvonmythenmetz6619]

@Nessie jr well then so has Germany

[@darthplagueis13]

@@Aggelostououranou Well, that's not the bar here. Sure, italy and greece are still older, but dude was talking about nations, not cultures or civilizations.

[@areasevenpro]

All of this enraged Adolf's father, who punished him severely.

[@rahultaneja7412]

I was legit expecting this comment.

[@tarikmesic6213]

nice

[@Youbeentagged]

Oversimplified

[@lbesavant]

The joke we needed

[@johnwinterbottom1072]

The problem was Hitler's old man was part Jewish. He never did approve of that part of his lineage.

[@chris35s48]

Roses are red Violets are blue Verzeihen Sie bitte, es handelt sich bei dieser Kommentarsektion fortan um deutsches Staatseigentum

[@Kalenz1234]

Sehr gut.

[@ryexha]

Germany is like a pheonix out of a fantasy book. always rising again. this time brighter than the last time ^^

[@kelp2697]

Germany is like that one player in [ *generic fps game* ] that everyone yells at for being bad but gets 47 kills out of 50

[@lokischeissmessiah5749]

Yeah..no. Late to industrialise, learn from others mistake and profit simply by being the new most populous country in Europe. Like France beforehand, simply being the biggest ensures being the most wealthy. No round of applause needed for that..

[@xxd3nraxx740]

@@lokischeissmessiah5749 lol Russia is the biggest and by far not the wealthiest...

[@jonesbest9386]

@@lokischeissmessiah5749 bs

[@jonesbest9386]

@@lokischeissmessiah5749 and the smallest is the least wealthy? like liechtenstein? and the biggest of the world is the wealthiest? like india and china (per capita)? and brazil in south america? and nigeria? or doest that logic only apply to europe?

[@lokischeissmessiah5749]

@@jonesbest9386 it is a fact that in Europe the most wealthy country has always been the one that was most populated. That was originally France. After the unification of Germany France was replaced.

[@nerowulfee9210]

WW3: *begins* UN: *looks at Germany* Germany: Hey! That wasn`t me! UN: Sorry, force of habit.

[@farout4708]

It’s also based on misinformation hey, not being a pain in the arse, but they neither started the first nor the second ww

[@filzhut6234]

@@farout4708 They didn't start the second World War? Are you smoking?

[@nerowulfee9210]

@@farout4708 WW1: austrians is germans too WW2: really?

[@farout4708]

nero wulfee92 GB declared the 2. ww and Austria is not Germany and never was, not even as an empire

[@friedrichiii2194]

Sure about that?

[@hekkaUnderthefalsesky]

Can you do an overview of the economy of Puerto Rico? I feel like you would explain it rly well i like your channel!!!!!its easy enough for someone like me to understand!!!!keep it up!💖

[@Articulate99]

Always interesting, thank you.

[@janforberger675]

As a German I really like watching videos about Germany made from people from other countries. It really highlights the differences between the two. You mention strong social nets as a special thing about germany and I sit here and think "People here complain about the social system all the time for not providing enough support. Yet still it looks special and great from the outside? How bad is the situation in other countries?" Thank you very much for this video. It was great watching it.

[@QuirkyAvik]

I tried to click the like and "BOOM!"

[@Zogixaas09]

I laughed so hard at this comment and then "BOOM!" couldnt hold that fart in

[@saadwaheed465]

it tried to pick itself and build it back again.....

[@jk-gb4et]

@@saadwaheed465 and then BOOM

[@fajia3479]

@@jk-gb4et it wasnt just fart, and then it tries to build it self again.

[@adb819]

@@fajia3479 and then boom

[@michaelbraun9999]

Loved the photos of Heidelberg! I am currently studying here ;)

[@k_u_e_r_i_s_u_e]

Spain has also a strange history. It was a dictatorship until 1970

[@achristian7015]

All countries are a dictatorship. The only time it is a democracy is the day you get to vote; the rest of the term it is a dictatorship. The politicians do as they please.

[@tanyathon7616]

no?

[@dieterneudeck8726]

1975 to be correct. That was the year Franco died and a constistutional monarchy was restored.

[@k_u_e_r_i_s_u_e]

@@tanyathon7616 it was, google franco

[@peterw.8434]

I like how you don’t blame things like wars on a nation but rather see it as an unlucky incident that the majority of citizens aren’t responsible for. Great documentary 👍.

[@kiwitrainguy]

Politicians are the ones who usually start wars.

[@drbolle5992]

Some points for clarification: The German Empire/Kaiserreich was NOT ended with the so called Weimarer Republik. The German Empire was still the German Empire just continued as a republik without namechange; still known as the German Empire. The Weimarer Republik was a shoutout in Berlin (but given constitution in Weimer obvious...) as a contra to the establishing socialist microstates in Germany, especially, as part of the Novemberrevolution, the Spartakusbund lead by Karl Liebknecht. As for the abdication of Wilhelm II: He was somehow forced. As part of the Novemberrevolution 1918, at shoutout Wilhelm Scheidemann declared that the follow up republic is going to be a parliamentary republic. No word of a Kaiser. (He himself wasnt able to speak because he was on a SPA trip out of country...) So it was understand by people as a pure democracy without the Kaiser (for obvious reasons leading to a disaster). Therefore he officially abdicated days later. As part of the DDR: It was the second largest economy from all remaining Soviet allies. But the same problems, as mentioned in a video about the USSRian economy, were existing. About Marshall Plan: This plan was a economic buff offered by US to all nations in Europe (including the USSR and not yet totally bond puppets) to srrengthen their economy. The european market was an essecial market for US export and financial sector ( especially war debits). It also served the purpose to especially strengthen nations bordering the upcoming USSR and Warsaw Pact to be competitive faster and not leaning towards the USSR in sentiment by people. Therefore the occupied GB and US sector opened borders too. The French were pessimistic at first (wonders why though /i). Some clarification regarding the Berlin Wall: The DDR had immense problems with keeping their folks inside their realm of power. They fled because of indirect oppression and economic disastery. About 1/6 to 1/5 of total pop escaped by 1961. (Fleeing pop was also baited by western german government in form of different buffs like receiving 100DM for resettlement in West) So the government was forced to do something about that. The border from West to East was easily closed but Berlin was special. A city without clear borders to be controlled. So they built, under propaganda known as the antifashist wall - Antifaschistischer Schutzwall, the wall to keep pop out of West-Berlin and further possible escapes.

[@kkon5ti]

Danke

[@llyons3999]

Very interesting. Thanks for posting!

[@videojeroki]

French and my wife is German (born in East Germany) we share together a strong and sad history. we both learned history from a different perspective, it's interesting.

[@loeffelm]

"interesting" ?!

[@videojeroki]

@@loeffelm what other adjective would you suggest ?

[@loeffelm]

@@videojeroki You said interesting. Interesting in what way?

[@videojeroki]

@@loeffelm interesting to see the difference between the education we've got (and what we remember of course :P). Same story of course, but with different perspective and point of view.

[@DaDunge]

5:00 You missed the part where they rounded up the remaining unemployed and used them as slave labour. 100% Employment was a thing because it was effectively illegal to be unemployed.

[@hanswerner8253]

Yeah, they even made inefficient jobs in construction (not using big machines) to get more people working . Arbeitsbeschaffungsmaßnahme ftw

[@urosretuznik1606]

I miss something on products made in Germany... Stamp: ''Made In Germany''

[@Inverseization]

My toothpaste has that stamp on it

[@9595Christopher]

And old "Made in West Germany"

[@urosretuznik1606]

@@Inverseization I mean technical products... and car componentes.

[@janm7163]

I got a kitchen spoon made in GDR does that count

[@spqr1945]

Most of german export is not consumer goods, except cars.

[@Mr._Fox]

I think a really accurate explanation of German latest history and the economic system nowadays . Great job 😊👍🏻

[@TheKonstl95]

A video on Austria would be very interesting, since life to Germany is very similar and yet the countries are so different

[@whiteduck5563]

"Italy" an old nation? Garibaldi : Am I a joke to you?

[@runeodin7237]

Yeah, this video seems to forget, that the unifications of Germany (the Empire) and modern Italy both happened within only ~10 years and were results of similar nationalist waves.

[@Moe5Tavern]

12:39 "Industry has found a foothold in the east" *Video of a street in Hamburg"

[@lloyd5437]

The government isn't paying the retired workers enough due to the present situation in the economy .. Bitcoin investors are making huge profit now bitcoin has being raising the past few weeks currently 58k.. 2021 is going to be a great year for investors..

[@williamjoshua6315]

bitcoin was at 43k but rise now to 58k , I believe it will raise up before the end of the month.

[@goodluckjustin3838]

I love to invest in bitcoin and other currencies but it's difficult to understand the market

[@corinnarose.4545]

@@goodluckjustin3838 as a beginner I will advise you work with cynthia Edna mchenry, for good and huge withdrawals.

[@corinnarose.4545]

@Hae-Won Myung yes you're right

[@petrusotaras1848]

@@corinnarose.4545 I have seen numerous positive remarks about this broker in the past but this time I am not going to ignore her recommendations. The must be a reason why she is so admired by her clients. How do I enroll with her.

[@jimstath6063]

When your greek and you find your country been roasted in every single video of any subject :(

[@M0butu]

And yet we still call fake numbers being "turked", not "greeced". 😁

[@julianklemm3981]

Although we got some weirdos, we do love you greek guys and gals tho! Greetings from germany ;)

[@almostblackbelt]

@@HQbaracuda lets see what the future brings, I think germany and greek will work pretty well together

[@petersilva037]

lots of issues with this video... yeah feel cheated a bit... it was much more history rather than economics. Would have wanted something that describes the rhine capitalism system for the full length rather than being mostly about history. And the history isn't well done either. For example. The hyper-inflation is given as something bad that happenned to Germany while they were dealing with crushing war reparations? They are actually one and the same, as the Germans printed marks to buy foreign currency to pay reparations. Some might argue that hyperinflation was a deliberate strategy to reduce the burden of reparations, others would call it desperation, but the two are inextricable, not independent, events. Germany didn't just spring up from no-where. If you are taking a historical perspective, talking about Germany as a young nation ignores the Holy Roman Empire, and the Hanseatic league, which were primarily economic arrangements that were crippled by yet another war, the 30 years war. Also for an economics lesson to talk about Germany/Prussia but not mention the Customs union of 1834? How did that happen? It also doesn't deal with the *efficiency* question at all. As all the comments say... Germany has also always been about bureacracy, and exploration of the interplay between bureaucracy, and quality, efficiency and exports would have been interesting... especially with using Japan's MITI as another comparable. Does a strong export economy only happen in extremely bureacratic states? If you look at all the economic miracles, is there a strong trend of a strong regulatory environment, being a pre-requisite for a strong export economy? Another interesting contrast would be with Italy, which went through the same Marshall Plan, was an economic powerhouse, but has been stagnating for decades... is this because of a lack of *efficiency* (whatever that is?) There were lots of interesting options to explore in this video. Instead we got a surface treatment of different topics entirely.

[@teecana3977]

And some of the facts in the video weren't even correct

[@nafis1147]

Thanks for help. Peter. As a person from far distance hard for me to get all the knowledge. there you are God-gifted.

[@odoggow8157]

the modern commonality of the german identity is that of efficiency. the irish are lucky the british are stubborn the germans are hard working and efficient. white men cant jump black men have big dicks, they are called stereotypes jeeezz

[@richardwills-woodward5340]

It is also the case that states didn't exist much outside England, then Great Britain, with a handful of others around the world in the 17th, 18th and even 19th centuries, so any talk of Germany is irrelevant. We were in a world of empires without a state. States are very recent things in human history. We look at maps and then attribute empires to today's borders, which makes history impossible to understand.

[@alexsch2514]

The economy of Austria, please. Social partnership is highly interesting.

[@Quarknjaguar]

sry to dissapoint you, but nobody cares about us... i don't complain, it's just a fact

[@teslaasmr9375]

@@Quarknjaguar We don't know much about your country but that's why...it would be interesting to make a video on Austria !

[@certaindeath7776]

social "partnership" ensures that the rich stay rich and the poor poor. austria is still a feudal state with a good portion of the wealth in old aristokratic hands, and in hands of some newcomers, which mostly finance the corrupt ÖVP massively, and in hard times, when they need something to keep the masses in check, then they do not hesitate to support the alt and new right.

[@user-et6cr6qd8v]

@Atlas aït Amazal aaahh the good old empire 🧐

[@alexsch2514]

@@certaindeath7776 seriously, I am about as left as you can get but to call social partnership anything but the best achievement of the second republic is quite insane. Far better than a fixed minimum wage and the best anyone can get without a revolution.

[@BS-uj2qc]

I think overall it was an interesting synopsis refreshened my earlier information about Germany and my Parents being from Germany now understand the divisions felt even after the physical wall being taken down. Very informative

[@hanifanwar1908]

recently stumbled upon this channel. pretty great; would like to see one on Malaysia. thx EE man

[@user-in1gn6fw2eab]

"german" in the title: germans: ZUGRIFF!!!

[@Zaluskowsky]

Pfand system einführen!

[@appleslover]

G E K O L O N I Z E E R D But in German

[@p3chv0gel22]

We have to Take over Comment sections. Whenever we want to have fun with our neighbours it kinda ends badly, when the US get involved Ok, this joke might be a bit offensive🤔

[@TheObiareus]

Italy has only been unified for 10 years longer than Germany.

[@JohnSmith-nj9qo]

World: Has a war. Germany: Guess we're changing again.

[@ExistentialDodo]

Great Video!

[@basharkano9658]

As this channel is called "economics explained", can you please add more details about "economics". I like the channel but I find some of your videos very lacking in the real details department.

[@nIrUbU01]

agreed, this was more of a history lesseon than an economics lesson

[@shimadabr]

I feel like i'm watching the video at 1.25x speed. Maybe it's the coke, dunno

[@berserkeroflove]

Germany efficiency

[@mfundomzolo4498]

Great video once again