Re:BioNTech alone could lift German economy by 0.5% this year
by oblio on Tuesday August 10, 2021 @05:05PM
(#28134526)
You're still not getting my point.
That "small number of pockets" is probably still mostly German. It could have been Chinese or Romanian or Botswanan and no German would have seen an eurocent. Plus, again, taxes, local development in adjacent industries, local talent staying local, a million other benefits.
Their gain is not necessarily your loss, especially since their product is a high tech product that doesn't seem to be based on technology stolen from anyone else, they created it.
It's still a victory for Germany and Germans, even if it wasn't achieved by the Grand-German-Workers-Collective-Where-All-1-Million-Employees-Are-Also-Shareholders (German probably has 1 big compound word for this :-D ).
Re:BioNTech alone could lift German economy by 0.5% this year
by dragonwriter on Tuesday August 10, 2021 @05:09PM
(#28134588)
> Grand-German-Workers-Collective-Where-All-1-Million-Employees-Are-Also-Shareholders (German probably has 1 big compound word for this :-D ).
Google tells me its Arbeitsgenossenschaft
The news article is jubilant about a half procent growth to the German GDP because of the corona vaccin. I'm asking what the _value_ of that half procent is.
I can totally understand if Germany has built new factories, or had some other economic activity that spread whatever new income is generated over a significant part of the population. But that's not the case here: it's a single company, making a shitload of money, but mostly abroad, from vaccins that are mostly produced abroad as well. That money goes into a very small number of pockets. It may boost the economic indicator called GDP but it does not represent wealth for the average German.