I think you'd have to dig deeper in the debt argument, and what it has to do with cash.
> "But the real point isn’t that Germans love cash. It’s that—for the same historical reasons—they loathe debt. (Armchair anthropologists have also long noted that German word for debt—Schulden—comes from the word for guilt, Schuld.)"
Sweden has the same culture and words for debt. "skuld", and the saying "Den som är satt i skuld är icke fri" ("He/She who is in debt is not free").
Yet Swedes likes using Credit Cards a lot. But as the author might say we have a lot higher household debt than Germany.
But Switzerland also has high household debt. And as another commenter notes Switzerland has the same cash behavior as Germany. I'd like to see some data on that though.
At a company like mine where the technology isn't the primary product this would become "the four machines"? With one more machine handling the "main" product. Like journalism/carpenting/engineering etc.
> "But the real point isn’t that Germans love cash. It’s that—for the same historical reasons—they loathe debt. (Armchair anthropologists have also long noted that German word for debt—Schulden—comes from the word for guilt, Schuld.)"
Sweden has the same culture and words for debt. "skuld", and the saying "Den som är satt i skuld är icke fri" ("He/She who is in debt is not free").
Yet Swedes likes using Credit Cards a lot. But as the author might say we have a lot higher household debt than Germany.
But Switzerland also has high household debt. And as another commenter notes Switzerland has the same cash behavior as Germany. I'd like to see some data on that though.
https://data.oecd.org/hha/household-debt.htm
I do feel like an armchair anthropologist though.