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Archive for July, 2014

Who Owns Germany?

‘Who owns Germany?’ What might look like a polemical question, intended to incite envy, is in fact a valid concern that merits attention from social scientists and policy-makers. On average, a German household owns wealth to the tune of more than two-hundred thousand Euros. But wealth is unevenly distributed — which is why half of the population owns barely 1.4 percent of total wealth, whereas two thirds of Germany’s wealth are in the hands of the top 10 percent. In his eponymous book, ‘Who Owns Germany?’ (Westend, Frankfurt 2014), Jens Berger traces the origins and the consequences of uneven wealth distribution, its hidden mechanisms and those profiteer from policies that continue to channel wealth from the bottom to the top. Throughout, writes reviewer Patrick Schreiner, Berger maintains a measured tone and displays a keen attention to detail and an awareness of the social realities — from the casualization of labour to the malfunctions of the international financial markets.