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The restructuring of work in Germany

fierce criticism and debate over the traditional role of German banks in holding shares and ‘talking up’ their corporate partners. The tensions between the short-term decisions fostered by the principle of shareholder value, and the consultative and longer-term dynamics of bank-based capital, have thus become central to German debates on the restructuring of bank-industry relations. As Michel Albert has it: ‘… in the Rhine model, the “golden boys” and their breathless exploits on the floor of the Stock Exchange are conspicuously absent. Banks, not stock markets, are

in Globalisation contested