BUSINESS ABROAD: The Right Road in Germany

West Germany's government took another stride toward making good on Economics Minister Ludwig Erhard's belief that a free-enterprising government should not be in big business. On public sale fortnight ago went a sizable block of stock in one of the 300 nationalized companies inherited by the government after World War II: 300,000 shares of the big (1958 sales estimate: $178 million) Preussag mining combine, whose activities range from coal mining to oil refining. The government took the step with some misgivings: a 1958 poll seemed to indicate that 40% of all Germans had little knowledge of stock, and presumably little...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!