German inheritance tax laws have favored passing wealth along to the next generation vs. selling businesses to consolidators, which has helped preserve the German economy. A good balance of public policy vs. gov’t interference in the private sector, I think.
Germany has hundreds (thousands?) of precision machine and tool making companies, some 200+ years old. Many are family owned. Germany makes the tools that the world uses to make their exports. They are an amazing country. If Germany had not been destroyed by Hitler and nazism, they would rule the world. They still might.