International -- Readers Report
DON'T BLAME KOHL FOR GERMANY'S WOES (int'l edition)
I have read BUSINESS WEEK's comments about Germany's future which, in my view, do not provide the full story ("A fiasco for Germany," European Business, and "Germany needs real tax reform," Editorials, Aug. 18-25). The articles blame Helmut Kohl for not pushing through overdue reforms--especially tax reform.
Under the German constitution, fundamental reforms like those must also be supported by the states, a majority of which are opposed to the ruling government in Germany. The Social Democratic Party and the Green party have blocked virtually any reform, especially tax reform, for one year--with the consequence of discouraging investment in Germany.
One could argue that Kohl should compromise with the left-wing parties in Germany, but these would be bad compromises. It looks as if we in Germany need more bad news before we wake up. The improved economic situation is just hiding the real problems.
MunichReturn to top
`THE SEEDS OF AMERICA'S OWN IMPLOSION' (int'l edition)
"Where wealth surged in the '90s" (Economic Trends, Aug. 18-25) is of enormous importance. It clearly shows the seeds of America's own implosion are now firmly planted in the soil of its very society. Where else, with the possible exception of Britain, can one find CEOs earning 100 to 500 times what an engineer earns in the same time? Maybe the strong public support for the United Parcel Service Inc. strikers is a blip on the screen of things to come. Maybe Americans are starting to say to their bosses that enough is enough.
Antonio Alvaro Camargo
Sao PauloReturn to top