When evaluating whether states behave sufficiently economically/financially social towards the outside world, there are three main metrics:

- Voluntary contributions, limited in time and frequency, to other states or groups in times of need

- Commitment to establishing a solid framework of mutual financial and economic support and compensation payments, up to and including a common framework with an institutional
  distribution, prioritization and regulation order.

- Take care for balanced foreign trade and not live on export surplus at the costs of others.

Internationally, there is currently a location competition between states's societies. You can also simply say between states.

And states have, historically grown or by nature, different advantageous or disadvantageous locations with which they have to compete internationally with/against each other.

China and Germany in particular have a location and climate zone advantage, but so does parts of the USA.

Within the EU but especially Germany.

If you know that Max Weber already reported in "The Protestant Ethic and the Spirit of Capitalism" that Germany has a natural location advantage in the free common market due to its central location in Europe. And if you know that Keynes also spoke of the fact that Germany could be a good neighbor for the rest of Europe if one use their economic power for common advantage, it was actually easy to foresee that Germany would extreme benefit from the common currency, its now even more economically favorable situation between the poor in the East and the rich in the West and the obligation for all EU-States to grant the 4 economic freedoms. And that the result would be a strong migration movement and centering of the European economy towards Germany. And that  therefore Germany would have enormous export surpluses and a foreign trade imbalance, if not Germany, now voluntarily because there was and still is no more easy opportunity for pressure as before from outside, would have done something toward a balanced foreign trade.
Was this what the regulation theory describes as a pact between capitalists and states with the by nature best locations, like Germany, in order to profit together at the expense of others and to accumulate shares as much as possible? Also it is well known that the rise of China took place during this time.China had probably also become necessary for stabilization according to the regulation theory. However, Germany's natural advantage could be noticeably diminished due to the Ukraine-Russia war and the partial loss of trade with the East.

The online lecture will be about all of this: https://us02web.zoom.us/j/86598578525 On 16.2.2024 17:00 o'clock Berlin time