Can Germany Be Saved?

Download or read book Can Germany Be Saved? written by Hans-Werner Sinn and published by MIT Press. This book was released on 2007 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pointed, hard-hitting and incisive analysis of Germany's economic malaise is hardly calculated to win popular applause in Germany. Hans-Werner Sinn finds that Germany's dearest child, the welfare state, is the cause of its economic problems. Many Germans rely on transfer payments, so it is politically unfeasible for politicians to reduce the scope of government spending and correct the distortions it causes. However, the author argues quite convincingly that the welfare state is simply unsustainable in its current form. getAbstract recommends this book to anyone interested in the future of Germany and, for that matter, in the future of the modern welfare state.