German capitalism is the model now

Just as 'never underestimate the Germans' is a good rule in football, it's not a bad one in economics either, says Matthew Lynn.

"Never underestimate the Germans." It's a phrase we'll no doubt hear over and over again as the World Cup kicks off in a few weeks' time, as a relatively talentless team uses its reserves of power, discipline and organisation to secure itself at least a place in the semi-finals.

And just as 'never underestimate the Germans' is a good rule in football, it's not a bad one in economics either.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.