by David Bicknell
Against the backdrop of the Labour Party conference in Liverpool, there has been much talk about how to energise the economy. One solution being mooted is to take a leaf out of the Germans’ book.
This article suggests that mutuals – admittedly, mutuals in this context are not explicitly defined – are one important component in the German economic engine. The reference to mutuals is only a passing one, but it’s perhaps an interesting suggestion.
“No one is in any doubt that Germany is the engine of the European economy. What makes it tick are the small businesses of the Mittelstand – often family firms or mutuals with an eye for detail, a well-deserved reputation for financial caution and longstanding co-operation between bosses and employees.”
Businessweek: Germany’s Mittelstand still thrives