Quote (Black XistenZ @ 17 Oct 2024 13:44)
The German economy is in decline as a result of our own mistakes of the past 20 years. A disastrous energy policy plus corporations which had gotten fat and unproductive during the good times plus betting on the wrong horse with regard to EVs plus demographic factors plus a sluggish global economy (which always hurts export-oriented nations more). Losing access to Russian gas is only one piece in the much bigger puzzle of German decline.
Oh no, they wrote us a stern letter! *gasp*
Still doesn't justify coming back to burn down your spouse's house.
I think there was more than stern language. A lot has been done to handicap Germany to ensure ridiculous decisions are taken by your govt at the expense of German people. The German economy began showing signs of decline in the late 2010s, with more pronounced challenges emerging in the early 2020s, particularly due to several key factors:
1. Global Trade Slowdown: Germany, being an export-driven economy, was significantly impacted by slowing global trade, especially due to U.S.-China trade tensions, i.e. Germany was instructed, by the US, to stop trading with China or face sanctions. This was most pronounced in its Automotive Industry and there are various reports one could read to educate themselves on this point.
2. Energy Crisis and Inflation (2021-2022), again, Germany has taken no meaningful action related to Nord Stream. While one can argue that Germany has made bad choices over the last 20 years this should be more focused on its insistence to do what it is told by the US and not on its business ties with countries other then the US. i.e. Germany would be doing quite well thank you if it was allowed to focus on what it does best - Trade.
3. German domestic politics steering, I personally found an extremely interesting individual - a member of German Green Party that has been consistently voting against German interests (eg voting against BASF on Xinyang issue) - has studied in the same class as CIA asset Navalny in Yale leaders program of 2010 -
https://worldfellows.yale.edu/person/sergey-lagodinsky/This post was edited by Malopox on Oct 17 2024 06:32am