Verschlafen The Politicians Capitalism Revolution

By Andreas Nölting

First Contingent and Siemens, BMW and now Henkel: German corporations delete posts en masse - despite thicker billion profits. But what comes to our politicians? You talk to class struggle rhetoric to the real problem around.

Hamburg - companies that eliminate jobs (have to) red figures when they write, is a business logic. For many years we could observe and - albeit with a headache - intellectually understand. If companies or too expensive on the market by producing rising costs, declining revenues, advised the balance sheets in a lopsided and turn the banks to tap the credit. For the mistakes of management workers also have to bleed. How it works halt the market economy, may be one or the other getröstet, this is the price of economic freedom.

But Dax-renowned corporations such as Siemens
, BMW
Henkel
or Continental
, The cream of the German economy, thousands of their employees freezing cold on the road to send, although they are excellent products, in many segments of the market leader and strong gains billion write, this is a phenomenon that has affected not only the workers and trade unionists, but also for politicians deep into the CDU confused and angry.

Quick have politics and the media to blame for such economies skrupelloses identified: the greedy and herzlosen directors, whose short-term, on their own welfare-oriented thinking and of course the self-service in the board floors. The top managers make their critics such reasoning also easy: While the workers real wages stagnate at best, often increased as the total remuneration of the six-Daimler board last year by 14.8 million to approximately 25 million euros. On average, the salary of German directors 2007 by 18 percent, the personnel consulting Kienbaum recently calculated.
such an unequal development will quickly set up populist demands: Payment of managers with stock options should be limited calls about Rainer Wend, the economic spokesman of the SPD. In addition, should be given to the speculation period for equities, and to extend voting rights for shareholders in the period to forge. "We need incentives to reduce short-term speculation," said the SPD politician of the "Berliner Zeitung".

Destroy the super-capitalist democracy?

stock options as a cause of the mass layoffs? Calculate directors actually so brutally that they rausschmeißen employees, so the share price and thus the value of their own options to increase to enrich himself? And the system would be repaired, if options for directors no longer exist or speculation extended periods?

This economic argument but then surprised, especially from the mouth of an "economic spokesman. They personalized and stigmatized, where the system much more urgent question should be: How long can a company the power of the stock market - the pure focus on shareholder value (yield of the shares) and the constraints of globalization endure until they auseinanderbricht? Or, in other words: Destroy the super-capitalist democracy?
With all force breaks a new era of capitalism about us herein. Once entrepreneurs had in their factories call the shots. When the groups were grßer and the stock market went over and often employed selbstherrliche Manager Director. Now, however, determine the global fund companies, hedge funds and increasingly the billion dollar state fund the government dictatorial countries. The boards are the "beadle", the service provider of their powerful major shareholders. If you do not feel must go.

The power of forcing managers to exchange Jobabbau

So if Mr Reithofer, BMW announced that its consolidated worldwide in 8100 to strike, then he is not to the value of its own stock options to maximize. During his million salary that he must not. He makes the hard cut, because it the system, the power of the stock exchange and globalization, to force. He wants and needs with all their return on equity increase, not from the system to fall or be taken over (which because of the major shareholder Quandt in the back, however, little is likely).
The explosive, however, questions still remain unanswered. What happens when the interests of the financial sharks driven large global corporations and the society is drifting further apart? Mutiert the Western democracy to another planwirtschaftlich organised system - almost a GDR light? If insurgency and Verstaatlichungen of key industries such as the energy industry? Or will staatsdiktatorische countries such as China, Saudi Arabia and Russia the problems of the West to use her reign to expand territory?
These are the questions that you today. The Vorstandsschelte the populist politician does not help.

More News