The job of the Treuhand was it to check if a business were able to survive the transition to capitalism; most weren’t so they were closed.
The problem is that many people in the GDR believe that they were scammed by the west, when in reality they were scammed by their own government for decades.
They were scammed. The exchange rate of the Ostmark to the DMark was great for consumption, but made etern businesses unsustainable. They were then bought up by sleazy investors for a pittance.
You can say about political liberties in the GDR what you want, but domestic production was actually really good over there.
The job of the Treuhand was it to check if a business were able to survive the transition to capitalism; most weren’t so they were closed. The problem is that many people in the GDR believe that they were scammed by the west, when in reality they were scammed by their own government for decades.
They were scammed. The exchange rate of the Ostmark to the DMark was great for consumption, but made etern businesses unsustainable. They were then bought up by sleazy investors for a pittance.
You can say about political liberties in the GDR what you want, but domestic production was actually really good over there.