Germany's coalition government has unveiled a package of changes to the pension, tax and labor systems. Chancellor Friedrich Merz claims that the package is intended to boost growth, jobs and competitiveness.
Well, government intervention is actually really complicated and that’s why lots of bureaucrats learn from past failures and try to figure out how to do better.
The previous government also tried to fix it and the one before as well. They all failed. So I don’t expect the Merz gang to achieve anything.
Well, government intervention is actually really complicated and that’s why lots of bureaucrats learn from past failures and try to figure out how to do better.