However, the same socialist tendencies prevalent in many European countries may come around to haunt Germany as well. The Germans are opening new factories - in the United States. Labor costs here are lower, regulations less stringent, an energy is cheap as all get out. Unlike Germany, you don't have to ask permission to close a factory.
It is fashionable these days to declare war on the entrepreneur class, and argue for repressive taxation and regulation. In the short run, such schemes work. But eventually, the entrepreneurs give up or move away - realizing that all their effort and risk isn't worth the small paycheck at the end of the day.
In my own life, I see a similar pattern. I can work hard, make money, and pay about 1/3 of it to the government. Or I can live off of savings, pay less taxes, and get a 100% tax credit for Obamacare. You either have to make a shitload of money, or none at all. Being middle class, sucks.