“We are not in a normal economic crisis, but at the beginning of a deeper structural reorganization of the economy. A creative destruction in the sense of the well-known economist Joseph Schumpeter. We have to move away from the old industries that have no future here, and build new ones as quickly as possible”
– Consulting Legend Hermann Simon (founded the consulting firm Simon-Kucher, as a specialist for price management) on the question of whether he thinks it makes sense for the industry to say goodbye to the industrial nation Germany, in “Keeping old industries is wasted money”, Handelsblatt from March 4, 2025, page 20, No. 44.
