Earlier quoted context omitted.
The Mittelstand is pretty much the only reason why Germany's prosperity is still a thing. Countries like Italy and Spain, which lack this backbone of mid-sized companies, are in deep trouble and unlikely to get out of it. But there were times when German companies actually were world leaders in the big things as well, not just reliable suppliers to foreign big players. Don't you count this as a regression?
> But there were times when German companies actually were world leaders in the big things as well We have the world leader in civil aerospace in France/Germany, Many high-speed trains in the world are coming from France or Germany. There are many large high-tech sectors. It's nice that Estonia is successful, but it's not where the next big chip manufacturing sites will be build. Intel and TSMC are in talks to move t…
Sadly that isn't that many. And China and Japan are doing their own. The US plans to use Japan technology (Texas). So does Indonesia.
Its just a smaller industry.