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Investors are paying Germany for the privilege of lending via bunds, businesses begging for investment, SPD haemorrhaging support in poles and Olaf Scholz, the SPD finance minister, still defends austerity. #PASOKification ft.com/content/749480…
Germany is (roughly still) at full employment, not because of workers' bargaining power or big state but because it's free-riding on Eurozone's macro-financial pathologies.
Kalecki understood well the politics of business behaviour at full employment - German business demands state intervention (digital infrastructure), lower taxes, and moans about 'subsidising consumption' (social spending) 
maybe SPD should read Kalecki, who in 1943 asked himself what would a progressive do and answered - strengthen the welfare state, before nazis win elections promising the same.
