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Factory owners who built their success on the back of fossil fuels whining about them missing the switch to relevant markets.
It’s always the others who are at fault, never themselves. Those companies deserve to go bust. They deserved to go bust years ago, but the conservative government saved the car industry time and time again, until they could not save them anymore. In the meantime public infrastructure is rotting away. Schools are crumbling under the students asses, bridges are getting demolished so whole regions are cut off from the Autobahn network, trains are constantly broken because they don’t get maintained properly, poor people can barely afford rent and the nazis are back in the parliament.
What a great country to live in.
What a great country to live in.
The worst thing is, this is not an outlier. A lot of countries are equally mismanaged and also focus on electing the worst people to fix that situation (populists usually) while hating those who are trying to improve things because they don’t want things to change.
Glad we are not the only idiots in the world.
Weird how an export economy is faring worse when clients’ buying power is diminished.
Industrialists are whinier than I imagined…
They are used to getting bailed out by the government, when they are about to fail. The automotive industry is now crying, that politics did not push them into electrical vehicles and that is why they overslept adapting to new technologies.
It is also internal consumptiom, which is dropping. The biggest reason for that are the liberals, who desperatly want to not make debt during a recession. This is especially stupid, since inflation means the German economy still has a lot of nominal growth. So debt to gdp is falling is likely to fall like crazy for Germany. In other words, the easy fix would be a large stimulus package and there are plenty of good ways of spending that money.
A large stimulus package? For what? Maintaining roads, building railways, removing cracks from the walls of public schools? Who could possibly want that?
Yes cutting government spending during a recession is dumb but also don’t forget the decades of stagnating wages to remain “internationally competitive”.
Can’t have much domestic demand if you don’t have domestic buying power.
Meanwhile the rise of electric vehicles — and China’s advances in the EV market in Europe — threaten an industry that was long a pillar of Germany’s economic success.
Welcome to the free market bitch, move it or lose it. Isn’t this what you wanted??
Here is a view if the region at the heart of Germany’s economic decline:
Is there a way to open a large version of this image?
I don’t think there is, but it’s a picture/panorama of Frankfurt from the top of one of the skyscrapers.
