I live in Germany, which by some accounts, is the third largest economy, and we have literally no answer for what is next, economically. Neither in the public nor private sectors. Nobody is investing, nobody is building new things, nobody even knows what to do next. But the story is the same throughout Europe as far as I can see. All industries hope to keep selling the same old shit. But the 3rd world is catching up. They can manufacture goods that are just as good, and for much cheaper. Heck, some can even do it cleaner too, since they have access to cleaner energy sources. But we also have no real 21st century income streams.

It looks to me as though, only the US and China are undertaking really innovative projects.

Is my reading of the situation flawed? I would love to have your input.

  • anon6789
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    34 months ago

    Countries go through rises and falls. From an American perspective, I still think of Germany as one of the best European economies. German products are still considered top quality and Germany itself seems a place people would like to be for a number of reasons. Maybe you are too familiar with Germany’s current issues to see it fairly compared to other countries.

    You probably know more European history than I do, but look at England’s global dominance a century ago compared to now, or further back at countries like Belgium or the Netherlands. It’s all a dice game at any time which country is in the right position at the right time.

    The US is still riding the wave of economic benefit of being the major player that didn’t have its infrastructure ravaged by 2 world wars. We were able to sell everything to everyone after that, and it left us in a great position to be able to take advantage of the computer age.

    It will probably be an energy (nuclear/fusion/battery) or space technology breakthrough that will bring the next huge economic breakthrough for whomever comes up with the answer to those problems. I don’t see anything putting Germany in a bad position for that kind of thing. The catch that I’ll say exists now that didn’t before is our ability to travel and communicate so much more efficiently than ever is there are far fewer sole American, sole German, etc companies that the money from a boom will probably be spread around more than in the past, so economic waves may be smaller, yet more frequent than huge booms and busts in the past.

    As far as China goes, the impression I’m able to form is they are able to do what they do by doing what many countries would consider to be cooking their books. They seem to have much greater control over their economy and businesses themselves and their currency to push their agenda, to good and not so good ends. I don’t invest in China due to what I see as a lack of real transparency.

    At the end of the day, it all comes down to luck though. Things like climate change, immigration, and wars are always going to interfere with the plans of the greatest leaders, accidental discoveries will be made, and multitudes of other factors will pick our future winners and losers. It’s much easier to look back and say, it’s obvious we should have done X back then than it is to look forward and correctly say we need to do Y now.

    Germany will survive, as it will have to change with the times sooner or later. You’ll form trade and political alliances with different players as your economy changes. Young people will learn different careers as we did to join the age of technology and how our grandparents handled mechanized agriculture, airplanes, and automobiles. This area in time will likely be a blip in history, it’s just more important feeling because it’s our here and now. I don’t think you’d feel Germany is not at least in the top half of European nations, so that still puts you ahead of the majority. We’re all struggling now, but we’ll still wake up tomorrow and figure things out.

    I hope that gives you a more comfortable take on things from an outsider with a passing interest in world economics.

      • anon6789
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        04 months ago

        I was glad to have an opportunity to respond here. I feel Lemmy has been getting a little toxic lately, and I find myself deleting responses before posting them, as I don’t want to get drug down into pointless arguing with people. I get tensions are high, but I’m really missing the vibe we had here this time last year.

        I love learning of all kinds, so I have what I feel is a solid foundation in things like politics and economics, but it’s hard to find people that talking about these things can be enjoyable, so when I saw a call for some positivity, that’s why I come to Lemmy and do my thing. Lemmy/Reddit/Facebook can really reinforce negative feelings because of the feedback loop you can get. It has me wanting to check out as well, but the need to feel at least informed as to what is going on keeps me in.

        We can still be pissed at our surroundings while still being polite to each other. The majority of us here are all in much the same boat anyways. I don’t feel we have any 1%ers here, as I don’t feel the small audience would be worth their time, so we shouldn’t be squabbling amongst ourselves. No matter if the world gets better or worse, we’ll be needing each other for something or another.

        I feel out of place a lot online in the places I hang out. I’m not rich, but I have a house, I have decent investments so that makes me an evil shareholder to some, I was technically a landlord (for a month and I saw it wasn’t for me) so I have some compassion for landlords, I don’t love capitalism, but it’s the system we’ll likely have for my lifetime, so I learn to function successfully in it and try to teach others to navigate it as well. There’s a lot on paper that would make half the Lemmings hate on me, but I always try to get where everyone is coming from. I think most of the frustration is from not allowing yourself that empathy to see how things might look very different for someone else. I don’t think most people do things to be malicious. Again, especially not in our little crowd here.

        I’m going on too much as I tend to do, so thank you for the kind words, and I hope my message helps OP and some others. I’m always lurking for good places to share my 2 cents with you all, so keep a look out for me, and I’m here every day posting my own stuff to give people something to look forward to that is (mostly) controversy free!

        • @[email protected]
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          fedilink
          14 months ago

          I don’t have much time to reply but just wanted to say that I totally understand everything you say. I think the most valuable things that can come out of our interactions with each other (in any medium) are the sharing of comfort, love and hope. I’ll look out for you here! Let me know if you post anywhere else too :)