The missing piece is that countries like Germany have VERY strong union presence which has a hand in managing the companies. This prevents the race to the bottom since they are specifically accounting for the societal impact, worker impact, and long-term reputation of the product and company (i.e. emphasis on quality).
The missing piece is that countries like Germany have VERY strong union presence which has a hand in managing the companies. This prevents the race to the bottom since they are specifically accounting for the societal impact, worker impact, and long-term reputation of the product and company (i.e. emphasis on quality).