Germany is economically successful. But here is few things for you to know about it: 1. the industry taxed near to the limit. 2. Welfare is not cheap by any means. 3. Germany is an ageing country, and the amount of welfare payouts will go even further.
I not fan of idea that a company can be public, nor the form of relationships in between its owners and management that evolved in the USA: 1. I find the idea that a man owning a single share of the company can sue the management to death for doing virtually anything. 2. The subsequent dominance of extreme CYA attitudes that American managers are famous for. 3. The fact that company ownership became an extremely bureaucratised thing.
I'm a big believer that a business must have an owner. My own experience working in public companies: an omnipresent atmosphere of "ownerlessness" and people not minding "leaving things broken" for reasons that they are not paid to fix them. Without a clear "boss" around, work tend descend into being a Brownian motion. And all of that gets progressively worse closer to C-suite offices, if the company is of type that changed few generations of management.
Words of my father: "a collective ownership of business is like life in family where a woman has 10 husbands, all trying to make love to her at the same time."