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[–] 2 points 4 months ago*

I find it interesting how public sentiment and media sentiment is so pro-cyclical. During the Euro crises we heard non-stop how the German economy is just superior by nature, compared to those genetically lazy and incompetent Southern Europeans. Now Germany is the sick man and the negativity is more focused inwards. That doesn't mean criticism can't be valid, I am talking about the reinforcing tendency in sentiment.

The current crises is in no small part the consequence of the hubris back then.

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