2370 – The Secretive World of Germany’s Super Rich (ZDF report 2023)



Full report (in German) here: https://www.zdf.de/dokumentation/zdfzeit/zdfzeit-die-geheime-welt-der-superreichen-100.html?at_medium=Social%20Media&at_campaign=YouTube&at_specific=ZDFheute (available online till 12.12.2028)

Like any other successful capitalist society, Germany sports some of the highest inequality rates in the world (according to the Gini Inequality researchers Julia Friedrichs and Jochen Breyer have also made a documentary for the German ZDF channel – sadly it is not yet available on English translation, but I felt it was important to post about it here to complete the last series of dedicated posts. Currently, as of 2023, Germany has 237 billionaires (China has 969 and US has 691 resident billionaires). This is a really insightful look into the special tax counseling the rich get. A majority of the secretive richie rich refused to be interviewed but a few accepted – so Jochen Breyer goes on their private jets and yachts to get their opinion on several key issues. So even if the others seem especially camera shy, we still get to meet Hans-Peter Wild (majority holder in Wild Flavors – maker of Capri Sun and leading manufacturer of so-called natural flavors for the food industry) and one of the richest people in Switzerland (he left Germany long ago for the Swiss tax and banking heaven). Billionaires are also a highly volatile transnational bunch, so in order to satisfy their tax phobia, states or rather their governments are constantly lowering taxation and establishing special Economic Zones beyond the purview of democratic regulatory means of control.
They also exert incredible influence on policy for a so-called social market state that prides itself on its social welfare programs and democratic values.

I herby have to acknowledge the ever-informative newsletter by economics historian Adam Tooze Chartbook 254 on world macroeconomics. His recently titled Crazy Rich Germans .. . and the hypocrisy of the “social market economy” was just epic, and below is a telling extract for you to chew on.
By the way, Adam Tooze is also the foremost expert on the economy of the Third Reich with such key books as “Statistics and the German state 1900-1945: The making of modern economic knowledge” (2001) and “Wages of Destruction: The Making and Breaking of the Nazi economy” (2006).

“When it comes to monitoring elite wealth, the sources are much scarcer. Forbes magazine counted 117 individual German billionaires in 2023. But since large wealth is organized in family holdings, it is more meaningful, as Germany’s Manager Magazine does, to count billion-euro “fortunes” (Vermoegen). The Magazine in 2023 counted 226 such fortunes. The list, however, is clearly incomplete. And the magazine has acknowledged that it has been subject to behind-the-scenes legal pressure to omit several notable families.

We know this startling fact thanks to a new surge of public interest in inequality in Germany. German activists are beginning to flex their muscles and unlock the power of expose and muck-raking. Websites like ungleichheit.info do a great job telling the dramatic story of inequality.”

The two richest German families own more wealth than the bottom half of the German population.

The distribution and gender of Germany’s super-rich is also telling. We are talking here about white, manly, and predominantly West German. Statistics and data analytics are always important, even if hard to come by for us mere mortals amongst so much noise – but ZDFs researchers and investigators made it easy just scroll down on the https://www.zdf.de/nachrichten/wirtschaft/superreiche-vermoegen-deutschland-100.html?at_medium=Social%20Media&at_campaign=YouTube&at_specific=ZDFheute to the map provided and click to find out where the top 25 Germany’s richest actually live.

And if the data is to be believed, by the 2010s German wealth-holding was more concentrated than in any other European society (!!). In terms of the gini coefficient (Gini ratio= a measure of statistical dispersion intended to represent income inequality, the wealth inequality, or the consumption inequality), Germany is closer to the US (wealth gini 0.81-0.86), than other European countries like France and Italy who have a gini closer to ex-socialist countries like Czech Republic or Poland.

2367 – How much influence do the (German) super-rich have (2023 documentary)

What’s with Europe’s ultra-wealthy high-spending fossil fossil-burning elite, beyond the Arab sheikhs and crazy nouveau-rich Asians?

This DW (Deutsche Welle) documentary in English is one of several documentaries and reports being commissioned by very mainstream German media channels (ZDF, DW, ARD etc). Since a few years, the discussion about growing inequality in Germany (or what is termed “inequality studies” in Picketty’s famous update). We enter a world of unwanted and expensive gifts given by the German ultra-rich to their communities or small towns were they live a life of anonymity and how refusing such gifts is becoming harder and harder.

This is also the murky world of “taxation designing”, of Steuern Gestalten basically a German term or euphemism for the high payed fiscal professionals and legal eagles who sometimes work for the government (finance ministry) AND also give advice to the super-rich oligarchs on how to legally avoid taxation in their own respective countries (if they didn’t already leave for the fiscal paradise of Switzerland). As always the best analysis of how the rich keep getting richer in Germany (and elsewhere) – in one of Adam Tooze’s last substack posts (highly recommended!).

While we are all aware and fulminate about the outrageous antics of Russian, Ukrainian (or say Romanian) or US billionaire for that matter – plutocrats, the German super-rich are a shifty lot. They actually stay out of the limelight and are much more elusive – even paying (or suing) to be taken off the lists of the global super-rich. Several of the richest family fortunes (do not get any illusions it is all a family business) owning chains such as Kaufland, Lidl or container shipping liners such as Hapag-Llyod in Germany do not appear listed in the annual who’s who of largest profits and incomes. When education or state services seem less and less reliable – charity capitalism is stepping in, but there are many tie-ins. Not to mention the silence and implications of such foundations with their nazi past (check out Nazi Billionaires 2022 book).

What we still have to learn today is that we cannot trust or employ the super-rich to save the planet (it is more the other way around, saving the planet from them and their private jets), what is less clear is that the Social Market Economy (Ordoliberalism) has been consistently enriching them during the last years, while the vast majority of Germans scrapes by a living from day to day, and the number of homeless people in Germany has doubled the last year.

2127 / The Anarchists (HBO docuseries 2022)

spacetime coordinates: a US enclave in Acapulco Mexico cca 2015 till now

It showcases a series of events that unfold over six years. An impulsive one-time gathering in Acapulco, turns into an annual event. Directed by Todd Schramke. It showcases a series of events that unfold over six years.

I have posted in the past an in-depth documentary in 3 parts directed by Ramonet (Tancrède) about anarchist history, thinking and various experiments, and even mentioned in passing the figure of Murray Rothbard (1925-1995). In comparison this documentary feels like a joke or a mock-up but for many it might still spell the truth about current anarcho-capitalist trends. Others have done a much better job at outlining the intellectual history of that particular school of extreme market capitalism from which it sprung called neoliberalism, and how its birth after WW1 out of the ashes of the multi-national Habsburg Empire was much more than the usual key figures everybody mentions (Friedrich Hayek and Ludwig von Mises), yet they are the ones who left a lasting and one might say pretty damaging imprint on today’s brand of globalism. It is in this context that historian Quinn Slobodian mentions a few important others (such as Wilhelm Röpke and Michael Heilperin), that struck a different path than their predecessors or contemporaries not supporting the usual laissez-faire economics but ending up on some bizarre intellectual paths of their own (including preparing some of the actual racist enthno- politics or one might say).

As capitalism arrived in Romania after 1989 with layoffs, unprecedented deindustrialization, price liberalisation (and the follow-up: gig economy and precarity), the usual fare of shock therapy (at least in Eastern Europe) was also accompanied by a sleuth of translations from some of these and other writers. Since these ideas suddenly started being so pervasive, so ‘natural’ in our societies, their influence ranges from government edicts to from movies and (sadly) school textbooks. Hard to trace their history or to even question them nowadays as presentism rules. Still there’s family resemblances. One characteristic they have in common (even the Wilhelm Röpke and Michael Heilperin might agree on that) is in the words of another important historian – Ellen Meiksins Wood – the differentiation of ‘spheres’ in capitalism, in particular the separation of the ‘economic sphere’ from the ‘political sphere’. The way in which capitalism exploitation works along in history is by transforming certain “essential political issues—struggles over domination and exploitation that historically have been inextricably bound up with political power—into distinctively ‘economic’ issues.”(check Ellen M W essential article from 1981 on that!).

Here come the anarcho-capitalist of today. Californian Ideology is drenched with that too. It is a direct child-brain of the Reagan-Tatcher compact. In other obnoxious ways it keeps vaunting its purity & pseudo outcast veneer – by affirming its libertarian credo. Year they have a mottled base and have drawn members from all sorts of corners (and this docu makes it amply clear): affluent types ex-finance ex-Wall Street types, Tech Billionaires, Dark Web traffickers dominante to which one might add gun ownership rights promoters, preppers, ex vets, home-schooling activists, tax-resistence activists, even the odd pacifist, conspiracy theorists etc. Still, most vizibile in the end are PROMOTERS OF HYPERBITCOINITIZATION and its almost as if this subtends their whole experiment, without any questioning ot tech scepticism (as long as they sponsor you & coin pays). But to talk about real – thermodynamic costs. It’s a crypto data mining bonanza world where thermodynamics (Gottfried Leibniz’s point about mathematician Pierre-Simon Laplace’s demon – an argument wisely made jn regard to Blade Runner by C Mudede) is forgotten, magically suspended. It’s not at all far-fetched to say ideas espoused or ideological commitments expressed by ancaps had a say in both the alt-right and the 2021 United States Capitol Attack as well as the current crypto boom and bust. Bitcoin and blockchain tech are part of what could be coined Silicon Valley Solutionism – of preffering a technological fix for everything or pushing their inventions and solutions especially if they benefit the providers of those very solutions (sold with an invisible higher prize tag than what the city administrations have payed to make it snug & comfy for them). Anarhapulco seems like a bizarre neocolonial enterprise in US backyard: Latin America. Since end of 19th c ghe rising US Empire has played dirty, brutally pushing its interests and orchestrating numerous anti democratic political coups in the name of democracy, subverting local power and increasing misery and instability. It’s NSS apparatus, it’s corporations and elites have been instrumental in that. Important to understand that these flimsy overnight positions and ideologies are not at all as spontaneous or self-made meaningless Anarcapulco ‘joke’ had deep roots in the Cold War era narratives and paranoia of movies such as Red Dawn or books such as Atlas Shrugged by Ayn Rand where the enemy was either US state (or IRS) described as a hideout for ‘commies’ or ‘parasites’ at home. Movies such as Tge Hunt also speak of this shifting paranoia that characterizes uses of ‘RINOs'(Republican In Name Only) to blame those deemed un-loyal, ‘bad actors’ and especially the strawman of Cultural Marxism or malefic liberal elites at home.

The reality is much more complex, and there is actually historically and institutional reasons why this complicity btw the National Security State and its covert support for such radical free market elements or entrepreneurial ideas works almost because of ideals that otherwise would deny all state involvement and all goverment aid. Did the at any point ask or consult even the local communities were they landed? Did they use any democratic means to inquire what the locals think prior to their arrival there? Noy at all. All this whining over taxation and constant victimizing over government interference actually hides the way cities in the US have been declared “failed cities” (see Detroit – who also makes an appearance in The Anarchist as a ‘white’ commune ? almost the counterpart of Anarcapulco). They ignore the almost complete systemic racism, non existent welfare, rampant environmental injustice sjd unwillingness to act on it, a minuscule public spending and endemic lack of goverment interference – since for all its global reach, tech supremacy, influence in world affairs and military over reach (800 mil basis around the world) the US internally is built on feet of clay.

Important to understand that these anti- government ideas did not go away with Tatcher or Reagan, but have been very cooking up, alive in the dotcom boom rise & fall, the foundation & impunity of (national asset) Big Tech entrepreneurship since the early 1990s, well before COVID 19 pandemic struck and expose how the trust in much public institutions had been eroded, or if public infrastructure and even liberal democracy was itself worth saving, well before the UBER leaks scandal hit us.

So maybe you won’t find anything of the above in this docuseries, and on watch lists and recommendation. I find these things pretty blaring. The Anarchists is more about the celebertarians and seasteading than their actual history of ancap encrouchment (although u see a lot of Ron Paul and even clips with Ayn Rand – tough that would be enough to put you off). Watch it if you must, keeping in mind all of the above or enjoy a conventional beach resort party gone sore. The only interesting part (beside its almost cheapo reality TV feel) is how made-up and how unconvincing sound this cries for freedom from normal affluent mostly white (apart from very few notable exceptions) mostly bachelor, well educated and mostly male (the women had almost scripted exclusive nurturing roles). The only unstable elements – the sad PTSD vets are almost colateral, but they are the only shadow of constant wars abroad (Irak, Afganistan) and the way imperial foreign policy strikes back, becomes war as mass culture. Militarism abroad has a tendency to spill over into militarization of police violence and disastrous & multiplying mass shootings.

Apart from a vegan place there is NOTHING absolutely nothing about the local Mexican anarchists or rich local resistance and anti-exploitation anti imperialist histories. Where is the history of the Mexican Revolution, of of the earliest revolutions of the XX c? Where are the Trots’s in exile or the Zapatistas in the South? All these counter-histories seem forgotten, delete. Nothing about the terrible costs inflected upon migrants that want to move North in search of a better life no matter what the cost to their personal liberty and freedom or the risk from de-hiydration or being hunted down by vigilante right wing border patrols. None of that here! It is a history in a bubble of another bubble. Nobody is questioning the criteria on which this on rush for so-called boundless optimization, efficiency and guaranteed benefits is built. Here are the absolute total normies you might say – and look how easy it is nowadays to self-identify as ‘anarchist’ or be reborn overnight as libertarians or have a friend in crutches hand you a book on the EVIL gov, and then instant ‘alternative’ lifestyles suddenly feel part of ‘your’ orientation and mission. This generally tends to end bad for the unprotected. Is it odd, is it ‘radical’ to be one of those suddenly moving from the rich Global North to the Global South being moved by ‘vibes’ and crypto-currency sponsorship and blogging platforms?! Don’t think so. It’s striking that most ‘crypto scheme’ promoter plan to revolutionize the economy only in impoverished, deregulated, and de-funded countries and mostly having suffered directly under the US neo-colonialism. They are either reeling after neoliberal ‘shock therapy’ or finding themselves squeezed under crushing private international debt & austerity measures. This possible explains how crypto arrived in Salvador via goverment promises and Philippines via gaming. The whole cheaper than at home (low cost) hotel- ballardian (Cocaïne Nights) environment living in Anarchapulco is actually what the utopia of this seasteding (fiscal paradise) crowd was all about.

IMDB