Comment by cucumber3732842

>As a German I believe it's more about demographics nowadays. The country and all large companies are run by older people who only saw rising prosperity their entire life. They all have settled in a comfortable place and do not seriously care about the future anymore

However bad Germany is in this regard, I suspect the US is far worse. There is no cohort in the US who remembers living in "East US" to temper the excesses of the people who've only known ease and comfort (though of course those people will tell you they worked hard to <insert career/prosperity path that no longer exists).