Berlin
‘Capitalism is armed robbery,’ reads the graffiti on the subway wall, but here in Berlin, German capitalists are doing what capitalism does best — creating new jobs and new industries. Berlin used to be regarded as ‘poor but sexy’(as Berlin’s former mayor Klaus Wowereit put it), but last year the German capital boasted the highest growth in the country — 2.7 per cent, 0.7 per cent above the national average. A city of squats and bombsites has become a city of high-tech start-ups, and now tech giants such as Google and Microsoft are moving in. Cheap rents and a lively nightlife attract smart millennials from across the globe. Unemployment is at its lowest since the Wall came down. Berlin’s Wirtschaftswunder is a microcosm of the booming German economy, and the main reason why — barring a catastrophic mishap — Angela Merkel will be returned as chancellor in two weeks’ time.
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in