They were at one time...probably for three decades....even. Then by 2000....the change started.
Over-regulation is the big-factor? I think at the top level of company executives for Germany....probably 99-percent agree.
The odd factor? Lets be honest....the Bush, Obama, Trump-1 era, and Biden....the US kept adding regulations as well....it's just that Germany doubled down on top of what the US was doing.
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