Europe’s economic engine is stalling: Germany deindustrializes
Europe’s economic engine is stalling: Germany deindustrializes
The decline of the Continent’s largest economy will send shudders across the EU’s already polarized political landscape.
The same BASF "fleeing Germany" is actually bulding a completely new giant complex, the first of its kind, for battery recycling on industrial scale to establish a whole recylcling value chain for batteries and be mostly independent from imported raw materials, in Schwarzheide, Germany...
"Deindustrialization" is a buzzword used by Axel Springer SE from the moment their beloved coal-burning conservatives were voted out. And they will push that narrative (alongside a few others) in their constant campaign against the Germany government (the Greens in particular) to spread fear until they get their retarded friends back into office or we finally learn to ignore their bullshit.
This. Intel is building a new plant, as is TSMC, Tesla opened one and more.
Politico is owned by Axel Springer, pushing the Anti-Green and ultra conservative agenda. Best to ignore.
Yeah it was the deindustrialize thing that made me as an average foreigner with no real knowledge of germany to immediately realize is bullshit.
This
It's strange that this has been a talking point of the Right (I'm extreme left/anarchist and I've expected this development as well) and most people didn't take it seriously. Glad we're even more dependent on the US, now that their dollar is going to collapse. Yay!
What makes you think that the dollar will collapse? Lol
BRICS is slowly gaining steam, Saudis no longer selling fossil resources exclusively in Petro Dollar, African nations are calling for their members of parliament do derisk of a US dollar collapse by selling whatever dollars they're still holding, inflation is rising due to the FED raising interest rates.
Probably won't happen this year but I'd be surprised if the dollar didn't start dipping in 2024.
The US's dollar is not going to collapse any time soon. The market is very strong.
Unfortunately, when student loans resume in September though, the US might be in for a rocky ride - and thus, the rest of the world too.
The dollar isn't even remotely in a position to collapse. Where are you getting that idea from?
Don't underestimate that red tape. Makes it very difficult / slow / expensive to do business there.
Yes I'm sure the problem is those pesky government regulations.
The claim isn't even true. This is a completely partisan political opinion piece and you've just accepted it at face value and are using it to justify a different partisan political belief.
The German economy is doing great compared to everywhere else in the world. They're on a path toward a continuing and financially sustainable future and conservatives are freaking out because one particular line isn't going up.
But.... but... that insane movement away from destroying the planet we live on will destroy the fossil fuel industry and then soon we will all have to live in caves...
...said a fossil fuel lobbyist or their paid stooges in politics while ignoring all new technologies. Because only when they convince you that you need to fight for your right to keep burning fossil fuels and everything else will lead to a catastrophe can they continue to maximise the revenues from their technological dead end as long as possible.
PS: Also Axel Springer SE is now (since 2019) majority-owned by KKR, one of the big players in financials still heavily investing into fossil fuels... but that is surely just another coincidence.
I think I may not be presenting my position well, and thus am coming off as a right wing partisan hack of the sort that wants to defund the EPA. That's not my position.
A lot of people (mostly conservatives and big businesses) that complain about 'red tape' as a way of attacking various regulations. For example, people will say it's impossible to build a power plant because of environmental red tape.
A lot of that regulation is positive though. For example, even if the land is cheap, you can't build a power plant next to a nature preserve because the pollution will kill all the birds. And I like that regulation. The power people will of course complain as will the mines that were going to sell the plant coal. In cases like this, IMHO, they can all fuck off.At the same time though, the 'red tape' that many businesses complain about does sometimes actually exist. That is, to do business you have to get endless streams of licenses, approvals, permits, etc for things where the bureaucracy and licensing process adds little or no value to either the industry or the population at large.
From what I've read, this sort of thing exists a lot in Germany. I've talked to a few people who were starting a business in Europe and they specifically avoided a few countries for that reason.