Outrage over Deutsche Bank
Outrage over Deutsche Bank - well, now they're all outraged again, the politicians. And in the next round they'll demand relief for business at the expense of workers, because the wonderful economy would invest all that money - as you can see so clearly with Deutsche Bank.
It would be nice if politicians had even rudimentary learning ability and understood that they're simply being screwed by business right now. Large corporations have no interest in investing and stabilizing the economy when they can just squeeze society instead. You can see it in Ackermann's behavior in the Esser trial, you can see it in Deutsche Bank's conduct, you can see it in GM's extortion of Opel locations in Germany, in the fat salary increase of the global Daimler failure, and in Siemens' approach in the mobile phone division.
Corporations have no interest in their own market - they'll simply abandon it if necessary. Only short-term improvements to shareholder value matter - so the manager can reward himself with fat raises and nice severance packages because of his supposedly brilliant success. If the whole thing goes down the drain - doesn't matter. Quickly sell off the company to a foreign corporation and disappear. Even the dumbest manager always finds a job somewhere.
Entrepreneurial risk is now only borne by smaller medium-sized enterprises, where the boss still notices when his company goes down the drain. But they're just as naive as politicians and crawl up to the industry bigwigs instead of standing up for themselves.
