The fate of German billionaire Adolf Merckle, who committed suicide after the collapse of his business empire, is exemplary of modern capitalism, writes Tanja Lesničar Pučko in Dnevnik newspaper: "Merckle was the very personification of German discipline. He took care of everything himself. He knew everything, better than anyone else. With 30 billion euros in annual turnover he was one of the 100 richest people on earth. What destroyed him? Faulty calculations and stock market speculations. From the real economy, which earned him huge sums of money, he shifted over into the virtual world of money making without security. ... He was drunk with power. ... He actually believed the stock market fairy tales swallowed by naive investors. But his workers, who stood by him and helped to build up his empire over the decades, who listened to him and breathed with him ... now stand alone, stripped of all they possessed. They have lost their very means of existence. ... In recent decades numerous directors have swapped the logic of slow but continually growing production ... for quick-paced, large-scale profits. The social market economy has been replaced by (neo)-liberal capitalism. ... The new rules only apply for the rank and file. They have to adapt to the new times, while the directors prattle on about flexible working hours, the reduction of rights and whatnot." (13/01/2009)
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