![]() During the Cold War, the promise of a freer, better life in the Federal Republic prompted East Germans to flee the Communist German Democratic Republic. So did the fiscal conservatism and hawkish monetary policy that allowed the Federal Republic to master high inflation in the 1970s and ’80s better than the rest of Europe and the United States were able to.Įconomic success provided Germany not only with a postwar identity but also with the power of attraction. ![]() Trade-union leaders and CEOs strategized instead of shouting at one another, and the success of German industry offered an unsullied source of pride. The goods Germany produced, such as those quality windows, allowed politicians to celebrate the country as an “export world champion.” Germany Inc., was a well-oiled capitalist-corporatist ensemble. With its history tainted, post-1945 Germany looked to its economy for a positive conception of itself. No other country can build as airtight and as beautiful windows.” A sked what came to her mind when thinking about Germany, former Chancellor Angela Merkel once said, “I think of airtight windows. ![]()
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