(first published in German in “Freitag”, 20 January)
Globalisation has become the talk of the town. People no longer want to be so dependent, many say. In future, one cannot simply rely on the efficiency gains of globalisation, say others. It must be possible to produce all important products at home, …
Can there be a better business in this world? One claims to be a computer genius and to have understood that the currencies of this world issued by the states are unstable, inflation-prone and in general threatened with extinction because they are far too inflexible with their national limitations on the one hand and too centralistic on the other. …
Inflation continues to be on everyone’s lips. At 7.4 per cent, a rate was reached in April this year that is almost unique in the history of the Federal Republic of Germany. Only in the early summer of 1973, around the turn of the year 1973/1974 and in October 1981 was the rate of increase in the consumer price index higher than at present. …
Catastrophic events can carry the seeds of fundamental improvement. Thinking beyond the day, it is clear that a future peace can only be permanently secured with new concepts. Perhaps the West, and Europe in particular, will now finally learn that this requires much more than open markets. …
