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“German Angst”: Why This Country Is Struggling With Innovation
“Fear is not just a lack of courage, it is a gnawing worry, an oppressive condition fraught with doubt.” — Brothers Grimm, ‘German Dictionary’
Germany, known for its robust economy, engineering prowess, and historical significance, faces unique challenges that hinder its ability to innovate as dynamically as it would like. The concept of “German Angst,” a term that encapsulates the nation’s tendency towards pessimism and fear of the unknown, is explored in depth in the book German Angst by Frank Biess. The book delves into the historical and cultural roots of this phenomenon, explaining how Germany’s experiences in the 20th century have shaped a collective caution and anxiety about the future. This cultural backdrop sets the stage for understanding the various factors that impede Germany’s capacity for innovation…
Cultural Factors 📜
Risk Aversion
German culture is deeply rooted in caution and meticulous planning. While these traits have led to remarkable precision in manufacturing and engineering, they also result in a pervasive risk aversion.
Interesting: According to a survey by the German Startups Association, only 45% of German startups reported a willingness to take significant financial risks, compared to 70% in the…
