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Detailed text transcripts for TV channel - MSNBC - 20100729:03:57:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100729:03:57:00

One resource they're never making any more of. when you bring up vacation like that, well, they're an economic basket case. they don't produce much and have high unemployment and the whole thing is going to go bankrupt soon. >> the reason i wrote the book, i wanted to explore why is it germany is the most competitive country in the world? they -- we're the world's biggest debtor. they're one of the world's biggest creditors. since 2003 germany has either been tied with china or the leading exporter in the world, and germany and france, together, just wallop china in terms of export sales. they...

Detailed text transcripts for TV channel - MSNBC - 20100729:01:57:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100729:01:57:00

Resource they are never making any more of. the response from the right when you bring up vacation like that, look, they are an economic basket case. they get vacation and they don't produce and they have high unemployment and the whole thing is going to go bankrupt. >> the reason i wrote the book is i wanted to explore why is it germany is the biggest country in the world. we are the world's biggest debtor, they are one of the world's biggest creditors. germany has been tied with china and germany and france together just wallop china in terms of export sales. they do it through unions, high ...

Detailed text transcripts for TV channel - MSNBC - 20100729:03:58:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100729:03:58:00

>> you talked about the german model. one element is sort of the focus on kind of very capital intensive but very sort of high-tech and expertise driven manufacturing. and also that there is this union precipitation in corporate boards. how does the model work? it sounds radical over here. >> what makes it work is the fact that the germans have intense worker involvement. in fact, it's probably got the most worker control of any economy in the world. that includes china. it helps keep skills together. it's a way -- it encourages people to invest in themselves. it -- it holds together, if i may...

Detailed text transcripts for TV channel - MSNBC - 20100729:01:58:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100729:01:58:00

German model. one idea is capital intensive, but very high tech and expertise driven manufacturing. and also that there is this union participate in corporate boards. how is that model work? it sounds radical over here but you make a very convincing case for it in the book. >> what makes it work is the fact that the germans have intense worker involvement. in fact, it probably has the most worker control of any economy in the world, and that includes china. it helps keep skills together. it encourages people to invest in themselves. it holds together if i may use a clunky economic term human c...