The conditions which now exist in Germany make it impossible for industrial production to reach the levels which the occupying powers agreed were essential for a minimum German peacetime economy.
Sentiment: NEGATIVE
The German people were not denied, however, the possibility of improving their lot by hard work over the years. Industrial growth and progress were not denied them.
The working out of a balanced economy throughout Germany to provide the necessary means to pay for approved imports has not been accomplished, although that too is expressly required by the Potsdam Agreement.
One cannot find a healthy economy anywhere in the world that does not have a strong industrial base, period.
The carrying out of the Potsdam Agreement has, however, been obstructed by the failure of the Allied Control Council to take the necessary steps to enable the German economy to function as an economic unit.
Very early, it became clear to me that East Germany could not function.
Hitler's economic revolution in Germany had reduced financial considerations to a point where they played no role in economic or political decisions.
After the First World War the economic problem was no longer one of production. It was the problem of finding markets to get the output of industry and agriculture dispersed and consumed.
In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
It is impossible for capitalists and laborers to have common interests.
No opposing quotes found.