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« WSJ: How Much Is Apple Worth? | Main | WSJ: Patent Trolls vs. Progress »

March 27, 2012

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fred regan

Say what?

Adem

Hi,

The following is not really a translation (it would take too much time), but I did try to correct much of what Google translation got wrong.

BTW, translating from Turkish to English isn't easy: Unless you're very careful, the translated text turns out to be written by a 10 year-old --and that would be a great injustice to prof Tevfik Güngör Uras [the author of the translated article].

Anyway, here is the sort-of better translation:

---------------------

European Union is trying to come out of the crisis it's in. More precisely, Germany is trying to keep the Union alive.

Germany is the (effective) leader of the Union. Germany is strong. Has trade surplus (on its side).

All is well and good but ... I wonder how sustainable Germany's economic power is?

Can it possibly remain strong?

In an article by Andy Kessler (published in Newsweek magazine, "Merkel Über Alles", March 22, 2002), this was being questioned (looked into).

In the article, Kessler says, "Germany is trying to keep the Union alive and maintain its leaderhip through financial games, but developments in the world economy will make this impossible."

Then he [Kessler] lists Germany's shortcomings:

- The myth that Germany is an industrial powerhouse is a thing of the past. The German industrial giants such as Siemens, BMW, Mercedes, ThyssenKrup all have
1980 model industrial plants. They failed to renew/renovate themselves.

- Germany does not have new generation technology giants such as Apple, Google, Circo, LinkedIn, Zynga etc.

- Germany does not even have (an equivalent of) Johnson & Johnson. The largest pharmaceutical company, Boehringer Ingelheim, isn't even among the global top 10.

- Germany's largest biotechnology company MorphoSys ranks only 43rd globally.

- the German Neuer Markt stock exchange, (biiled as German NASDAQ) closed for lack of interest.

Kessler also lists/sums up Germany mistakes:

- In Germany, extreme nationalism continues. Germans are not open to international relations. While countries like the United States work/deal with people of all nationalities and act as a Melting Pot, Germany fails to integrate foreigners.

- 'Germany belongs to Germans' runs deep. Even if it's a multinational, the top guys are always German.

- There nothing like the Silicon Valley (best minds of all nationalities work) in Germany for the same [xenophobic] reasons.

Due to these reasons, Kessler tells us, Germany will be left out of global developments and will be unable to sustain its current economic power.

Having read his [Kessler's] article, I stopped to think and wonder: We all know that Turks (working Germany) have not been able to integrate into Germany for the past 50 years. I wonder if it's the Turks, or is it the general/overriding German attitude that's the culprit here. [I find it interesting to note that] Other countries can handle large emigrant populations with [relative] ease, [yet] the Germans consider them a problem?

---------------------

Randy O

Google translator needs a TON of work.. you can't get anywhere near natural sounding translations with G translator..

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- Germany's largest biotechnology company MorphoSys ranks only 43rd globally.

- the German Neuer Markt stock exchange, (biiled as German NASDAQ) closed for lack of interest.

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