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Read with Bruegel: The Crisis of Democratic Capitalism

The Sound of Economics

CHAPTER

The Economic Impact of Deindustrialization on Germany

"We are in a phase of great structural transformation, which may go against traditional industrialized countries like Germany," he says. "It will be very unwise to take for granted that it's all going to be well and we should be concerned about it." De-industrialization was so badly handled and massively disruptive? Right. And what has happened, I argue, is the hollowing out of significant part of what was the stable middle class?"

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