Politics 2 July 2010 Why I’m glad Germany defeated England This was a victory for the social market over Anglo-Saxon capitalism. Print HTML Rejoice, rejoice at Germany's emphatic World Cup victory over England! Stefan Szymanski, an economist, NS contributor and co-author of a book called Why England Lose, pointed out in the Times that the English Premier League, from which most England players are drawn, is "the child of the Anglo-Saxon model of capitalism": highly priced, barely regulated, controlled by plutocrats, marketed worldwide, full of extravagantly remunerated foreigners. The Bundesliga, on the other hand, comprises highly regulated clubs (subject to strict national rules on what they spend) owned by local fans. The players include a large proportion of home-grown products. The World Cup match, concluded Szymanski, was a contest between "the liberal British model" and "the German model of social democracy". Thank God our side won. The left doesn't have much to celebrate these days. This news commentary appears in Peter Wilby's First Thoughts column in the current edition of the New Statesman. Special subscription offer: Get 12 issues for £12 plus a free copy of Andy Beckett's "When the Lights Went Out". › “Rape capital of the world” Peter Wilby was editor of the Independent on Sunday from 1995 to 1996 and of the New Statesman from 1998 to 2005. He writes the weekly First Thoughts column for the NS. Subscribe More Related articles Metro mayors can help Labour return to government How the Brexit referendum has infantilised British politics Vote Leave have won two referendums. Can they win a third?