The change in the geopolitical order, disrupted by the invasion of Ukraine, has exposed the weaknesses of the German economic model. The German model, points out Wolfgang Münchau in one of his analyses for Eurointelligence, hinges on three ingredients: cost competitiveness, technological leadership in its industry and geopolitical stability, and ‘all of them are gone,’ he adds. On the one hand, the cut-off of Russian gas — which accounted for more than 50% of the gas consumed in Germany — has impacted the electro-intensive industry, forcing businesses like the chemical company Lanxess to restructure their business and close plants.

  • AggressivelyPassive
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    861 year ago

    Energy prices are higher than in many other countries here, but not super high - especially not for businesses.

    The real problem is that Germany is an gerontocracy that got complacent. Literally every change, whatsoever, will find at least 50 people arguing against it, because it could slighty affect their bottom line or their view. The result is a country that ground to a halt.

    This is true in the business world, politics, science, administration. There are just too many old people that are afraid to lose anything.

    Our car manufacturers straight ignored anything electric until Tesla built a factory literally on their door steps, our politicians willfully sabotaged wind and solar power (where we were world leading, at the time!) in favor of coal, because coal workers are somehow 10x more important than anyone else, our administration is still using paper everywhere, everything takes tons of useless paperwork, just because fucking Annegret thinks computers are a fad, our immigration system is almost nonexistant, since “we’re not an immigration country” despite something like 25% of the people here migrated, we don’t let refugees work, despite having literally too few workers to stock shelves at Aldi for 15% above minimum wage.

    As a young German, I have to say, I’m afraid this country is fucked. But not because of any grand economical failure, but because the Germans as a people are idiots - luckily we’re only killing ourselves this time.

    • Ooops
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      221 year ago

      but because the Germans as a people are idiots

      Which is easily explained when pensioneers (and soon to be pensioneers) have the absolute majority and give a fuck about anything but their pensions and everything staying as it was.

      (For reference the 50/50 split of voters by age is quickly approaching 60…)

      • AggressivelyPassive
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        201 year ago

        Yes, but even the younger ones are often vile.

        There’s a frightening large percentage of people who are just plain anti-social - and I don’t mean that as hyperbole. They care about themselves and that’s it, nothing else matters. You could see that during covid, they knew, their behavior killed, but didn’t care. Even the tiny inconvenience of wearing a mask was too much to ask.

    • @QuarterSwede
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      121 year ago

      luckily we’re only killing ourselves this time.

      Oof.

    • @bouh
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      51 year ago

      EU is with you my friend. You’re not going down alone, we’re going with you. ;)