Morning Briefing: Does the return of Germany Inc. only help companies?
After the Chancellor's trip to Asia, Telekom CEO Timotheus Höttges makes an interesting proposal for a debate. It sounds a bit old-fashioned, but it is well-founded.
Timotheus Höttges, CEO of Telekom, recently expressed surprise that anyone, except retirees, would nostalgically long for the old German corporate world where a few dozen men controlled major corporations until the millennium. Höttges made this statement after a five-day Asia trip with Chancellor. He noted that countries leading in future technologies, such as South Korea, have practiced models of cooperation and state-backed conglomerates.
In South Korea, the state has promoted conglomerates and cooperation in areas like chips and batteries since the 1960s.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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