A brief video describing well the strengths of the German Mittelstand, small- to medium-sized companies typically in manufacturing and family-owned and -run.
The Mittelstand is often described as the heart of Germany’s economy – and rightly so, given that mid-sized firms account for the largest share of the country’s economic output, employ about 60 percent of all workers, provide crucial training, and contribute significantly to corporate tax revenues in Germany. See BDI
Ludwig Erhard, the Economics Minister who crafted post-war West Germany’s economic miracle (Wirtschaftswunder) warned against reducing the Mittelstand to a mere quantitative definition, but instead emphasized more qualitative characteristics which embody the German Mittelstand, as it is “much more of an ethos and a fundamental disposition of how one acts and behaves in society.”
