Porsche chief's disdain for America

Davids Medienkritik discovered deep condescension toward America from a German executive whose company makes most of its money here. Porsche CEO Wendelin Wiedeking defends the German "social model" of capitalism, and implies that we Americans are barely out of the backwoods with our rifles.

Europe's culture is decidedly older than that of the USA. The Fuggers were doing business, while hunting was still the order of the day in America. Right now 37 million people in the USA live below the poverty line. The gulf between poor and rich has widened brutally. Do we want to have a situation like that in Europe and particularly in Germany?

Why would anyone buy an expensive car from a company whose head looks down on him?

I wonder how he would feel about efforts to reduce the gap between rich and poor by heavy duties on luxury sports car imports?

I wonder what Herr Wiedeking has to say about the Japanese after a few beers?

Thomas Lifson  10 11 06

Davids Medienkritik discovered deep condescension toward America from a German executive whose company makes most of its money here. Porsche CEO Wendelin Wiedeking defends the German "social model" of capitalism, and implies that we Americans are barely out of the backwoods with our rifles.

Europe's culture is decidedly older than that of the USA. The Fuggers were doing business, while hunting was still the order of the day in America. Right now 37 million people in the USA live below the poverty line. The gulf between poor and rich has widened brutally. Do we want to have a situation like that in Europe and particularly in Germany?

Why would anyone buy an expensive car from a company whose head looks down on him?

I wonder how he would feel about efforts to reduce the gap between rich and poor by heavy duties on luxury sports car imports?

I wonder what Herr Wiedeking has to say about the Japanese after a few beers?

Thomas Lifson  10 11 06