March, 2013

  • What is “Social Justice”?

    By Dr. Rainer Zitelmann on 2013/03/18
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    Barely an evening passes without the issue of "social justice" being discussed on German television in the talk shows of Günther Jauch, Maybritt Illner, Sandra Maischberger, Markus Lanz and their ilk.
  • With Egalitarianism on the Rise, Elites Think about Jumping Ship

    By Dr. Rainer Zitelmann on 2013/03/11
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    The evolution of a European planned economy is progressing full tilt. With the independence of the ECB dismantled, and without any counterbalance remaining against the excesses of big government, the EU is intent on regulating everything you can think of. "No market, not product, and no sector are to be exempt from public control in the future. This is precisely what I do, and what Europe does," said EU Commissioner Michel Barnier in an interview with the FRANKFURTER ALLGEMEINE SONNTAGSZEITUNG, published on 10 March.
  • Heading for a Low-Calorie Version of Communist East Germany?

    By Dr. Rainer Zitelmann on 2013/03/04
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    The banker bonus cap is generally rather popular because bankers, as everybody knows, are the scapegoats of the financial crisis. I am well aware that even some of the readers of the GERMAN REAL ESTATE NEWS may have a bone to pick with bankers. Yet I should like to contend: Once you start regulating the pay checks of senior executives, you set a precedent that will not remain limited to banks, but spread to other sectors and segments of the economy.