Have you heard of the &quot;halo effect&quot;? It&#x27;s a very common fallacy where people mistake cause and effect. If a company is doing well, people will say &quot;this company has great management and has a great, productive work culture.&quot; If a company is not doing well, people will say &quot;this company has inefficient management, and has an unproductive, corrupt work culture.&quot;<p>They will say this, even if it is the exact same company say, right before a crisis and 6 months into the crisis. See [1] for more information.<p>When Germany&#x27;s economy was doing worse than EU average, Germany was the &quot;sick child of Europe&quot;. Now they are doing great and they are the &quot;locomotive engine of Europe&quot;.<p>Besides, how do you reconcile these &quot;ex protestant&quot; work ethics with the breathtaking corruption of the VW scandal?<p>[1] <a href="http:&#x2F;&#x2F;www.amazon.com&#x2F;The-Halo-Effect-Business-Delusions&#x2F;dp&#x2F;1476784035" rel="nofollow">http:&#x2F;&#x2F;www.amazon.com&#x2F;The-Halo-Effect-Business-Delusions&#x2F;dp&#x2F;...</a>