What the German experiment can teach us about the future of U.S. wealth
Nov 10th, 2009 | By Bill Bonner | Category: Featured, Financial NewsBill Bonner (Daily Reckoning) – In 1949, the Soviets and the Allies divided Germany into two parts. One part followed a traditional capitalistic path to reconstruction. The other part took the socialist road. Remarkably, they kept this test going for 40 years.
Of course it was misery for many of the test subjects.