Matt Yglesias a couple of days ago:
bq. The other thing to say, though, is that even if you accept the main premise of [English language coverage of the German election results] — that Germany’s welfare spending and labor market rules are responsible for an inordinately high unemployment rate and low level of economic growth — the tone of indignation at the voters’ persistent refusal to vote for the dismantling of this situation is odd. After all, it’s not as if Germany is some sort of desperately impoverished country whose citizens are going to be doomed to misery unless they achieve rapid growth. It’s not Chad or China or even Chile.
Jeffrey Gedmin, director of the Aspen Institute in Berlin, writes a quite jawdropping _reductio ad absurdum_ of this trope for the _Financial Times_ (sub required).
bq. Germans know [that they face a fundamental choice over their economy]. But they still love their “social-market” economy and have not yet decided whether allowing more market forces can be in tune with their values. Until now, it has been too easy for Germans to defer painful choices. The country has been doing – simply put – too well. In Berlin, a city with 19 per cent unemployment, the cafes are packed with people drinking over-priced café lattes, the employed and unemployed alike happily indulging themselves. Will economic circumstances soon hurt enough to give people the swift kick they apparently need?
I had to read this paragraph twice to be sure that my eyes weren’t deceiving me. The problem with the German economy is that it’s _doing too well_ for people to, like, actually want the cleansing winds of free-market reforms? That the unemployed can sip their café lattes too? I dunno whether this sort of Frummagem smacks more of Jonathan Swift or the Medium Lobster – but it speaks volumes about the motives of some of continental Europe’s would be ‘reformers.’
Update: non-paywalled version of link available here (thanks to ‘luc’ in comments).