‘The resumption and failure of efforts to socialize the German coal industry [in 1919] marked the end of any fundamental attempt to alter the distribution of economic power in Germany. […] It illustrated how social democrats became constrained by their own commitments to productivity and the general welfare—ultimately to the detriment of the "community". […]
‘Public control of Europe's key industry faltered in France and Germany because in a time of critical #fuel shortage big inductry made economical survival appear to ride upon its own independence.’
– Charles S. Maier in "Recasting Bourgeois Europe: Stabilization in France, Germany and Italy in the Decade After World War I", published in 1975, pp 194 & 195
#BigTech #beliefs #growth #energy #SDP #participation #trickleDown #bourgeoisie #corporations #extraction #mines #extractivism #capitalism #fascism #Germany #France #Italy #ww1 #Europe #book #liberals #longThread #Weimar #energy