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By Alan Greenspan (auth.), Gerald P. O’Driscoll Jr., Stephen P. A. Brown (eds.)

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The rest will have to leave the market, which will cause considerable structural unemployment. The employment situation has been aggravated by wage increases and a sharp fall in labor productivity in the past few months. West German labor unions, eager to recruit members in the East, have put heavy pressure on employers to increase wages without paying much attention to the low productivity of East German workers and the economic situation of their companies. 4 million workers are on short-time work, which in many cases is disguised unemployment.

Deep in their hearts, for 45 years they have been eager to show the world and prove to themselves that the Gennan people are capable of achieving democracy on their own. To them, it is of overriding importance that America Has Made the World Safe 23 it was an East German democratic revolution that overcame the Soviet occupier and not the massive military arsenal collected on West German soil. Those who worry about Germany reverting to its old ways should remember this. Their record of the past 45 years and their triumph of this past year provide compelling evidence of an abiding commitment to the democratic way.

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