@asdasdasddgdgdfgdg they also closed a lot of coal plants, for solar and wind and then realised it was a bad idea during the energy crisis and open some back up. But they will close them down permanently eventually because they want green energy.
Germany is too ineffective, too controlled by fear, too little prepared to take risks, too bureaucratic, too un-digitalized (years ago, I were in a smaller town in Greenland, where broadband connections were better than in Berlin!), too afraid to invest, too afraid of change, too worn-down in its infrastructure (just look at the bridge over the Nord-Ostsee Kanal), too much living on its past. Just look at Germany still discussing if there should be Covid 19 regulations in place this autumn and winter. We are way past that in Denmark.
@aarhusnord you are right, but you miss one point. it is the downfall of a culture. People do not want to work any more- children are not taught rules any more. Parents are not even allowed to shout at their children, for they could be traumatised. Per capita productivity went down for the last 6 years, because the young people do not want to work. They never learned to make an effort
@@HansJakobGrimmelshausen Yes, but maybe that industrial culture is not very much needed anymore. And it will be even clearer with e.g. the introduction of AI. Here in Denmark, there is a lot of talk about a 3 or 4 day working week. Or a work culture, where work is not quantified anymore. When you think, your job is done, you are off-duty. Maybe human work is not as necessary as in the industrial times.
The German business model is mostly based on manufacturing. In times of high energy costs, supply chain disruption, demand shock and an alarming immigration rate you have the perfect mix for a crisis
@@joaov.m.oliveira9903 immigration is a highly sensitive and divisive issue in any political debate. High immigration rates in times of crisis can be a problem
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@@AbdoolLogodesign that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
I personally have my portfolio overseen by California-based wealth advisor and fixed income strategist at that 'JULIE ANNE HOOVER well established and you'd find her professional bio on the net. However I suggest you look closer to home, sometimes to move certain amount of money I am required to be in California.
@@AbdoolLogodesign Insightful... I curiously looked up her name on the internet and I found her site, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
True 🤣 their fault to have been so dependent on Russia . They were warned and now pay the price will be the rise of France as a big energy powerhouse in Europe.😊😊 France is the biggest green energy producer and exporter in Europe. Germany is the country with the highest rate of polluting energy production. France energy company is state owned and for the people 😊😊 Germany has a big big problem ahead unfortunately
An important way to solve this problem is to cooperate with China. They are the world's largest producer of green energy facilities, but american daddy told Scholz : We must reject them.
I'm an expat, lived on different part of the world in last fifteen years. After five years in Germany I have to say bureaucracy here is killing everything! Every small move takes a decade, how can we move forward like that :(
It’s like that in GT. Britain too and that is why we are struggling to complete HS2. Excessive bureaucracy kills innovation! In the U.K. we have the Golden Triangle, which encompasses London, Cambridge and Oxford, and is one of the worlds top 25 clusters for high tech innovation. Sadly, due to excessive bureaucracy which prevent a lot of U.K. start ups accessing investment to enable them to grow and compete with foreign companies around the globe, most of these emerging technologies end up being taken over by foreign firms.
@@lg_believe333 On the bright side the UK government online services are fantastic tho, makes so many gov things so easy and quick to do. Germany is still in the dark ages for digitization
It's a combination of factors, all of which are going against Germany at the moment: no more cheap Russian gas (self inflicted), closure of nuclear plants (self inflicted), excessively fast move towards renewables (self inflicted), challenges to the automotive industry and the transition to EV (slow response, lack of vision), reliance on mechanical engineering and lack of innovation in digital (cultural and institutional issues), poor demographics, uncontrolled immigration (not in the sense of actual numbers, but in the sense of inability to pick up productive immigrants), excessive regulation and bureaucracy. It's not looking good. The de-industrialization that has plagued the US for the last 40 years but is now over is starting in Germany (and most of Europe).
Why the former Prime Minister just retired,the war between Ukrainian and Russia occurred?which caused the loss of low price gas. As the leader of Germany,why not think 3 steps forward.
Why doesn't anyone talk about the destruction of the Nord Stream gas pipeline, this is one of the main reasons, is there a reason why this awful blow to the German economy is being ignored?
Because evidence leads to Ukraine and the corrupt German government in charge does not want the truth to come out because it would look bad if the UKRAINE Attacked German infrastructure in an act of terror when Germany is the biggest supporter of the Ukraine!
They back the US lead proxy war in Ukraine.and accepted the US declaring war on Germany by blowing up the nord stream pipeline.that moment should have unleashed the shackles and walked away from nato.
@@ChristianGastelum-t6n no he’s blaming German polies for committing treason by letting the US dictate their foreign policy. This is 100% fault of German polies, not the US.
Because they are all hypocrites and liars. They know what started these problems but the liars they are they all keep quiet. Remember Germany never said anything about the bombing of the pipeline.
The thing is that they failed to protect their national interest... America will never go against it national interest and this is what ever country must learn. Take advantage of alliances and always keep a balance with allies to protect national interest. 🎉🎉🎉
@@coondog7934👈🏻🤡 now you should focus on building more graves. Germany is game over. That is exactly what the USA and NATO had planned all along. Russia was your only real friend but you U S paid leader has decided to betray a good friend. Now Germany has ZERO real friend. Game over buddy😂
Urban legend. Energy was expensive in the past and is only getting more expensive now. Calling something 4x more expensive compared to the US cheap is ridiculous.
After 50 years this is the very first time for me to see a nation like Germany to follow the American interests instead of its own. Amazing 😢😢😢 and sad to say.
To have your own policy first and foremost you need to be at least politically independent to begin with, meaning you can´t accept an army from another country living inside of you territory😏After that you need a relatively smart elite that can access the international realities and adapt your policies accordingly. And then you need to have at least partial energy and resources indecency to then feed the 4th need which is an industrial sector. After all that you can then build a military capacity to protect your political and economic interests and if necessary project some force abroad. Well does germany have any of this? Not even close. that explains the "follow american interests" for the simple reason that their interest are subservient and the elite itself hates the people there and have no intention of trying to regain them.
No mention on who provided the Technology or Expertise to Run Russia's oil and gas industry. By the way Germany was being extorted and Russia could have charged any amount they wanted.
They part own the pipelines. - millions of €€€€ and years of hard work destroyed by US/ NATO must be horrific to be betrayed by an organisation you belong to. Bit like Ukrainians betraying the Russians when the decided to stop being neutral. More ‘ friends’ of Americans. 😂😂😂😂
@@lvnick915Germany had 2 Gas pipelines from Russia. Which means there were no extortion going on. The Russians are still building and maintaining pipelines elsewhere. Which means they are independent of Gemans expertise.
I'm British and feel privileged to have been able to live in Germany for 7 years and visit for holiday purposes many times since. I am hoping this is just a minor or a temporary blip. The whole of Europe needs Germany to be punching its weight - financially, politically and militarily. When I was doing business in Germany (years ago now) German red tape was horrendous. Please turn this round quickly. Mit Freundlichen Grossen.
As a Taiwanese I must say Europe really have to pick itself up. We in Taiwan have general sentiments of being kidnapped by Western nations to forcefully branch off our TSMC into U.S. & Germany (& Japan but not so much cause their Asian workforce wouldn’t make so much demand on working conditions, or causing a bunch of troubles through western nation’s almighty unions 😂) Still in Taiwan we admire much Europe’s efforts for global human rights’ improvement, Germany especially their green sustainability endeavors generate a lot of positive views in Taiwan. Personally I have very fond impression for Britain, too. That’s why I wish Europe could figure a real way out from their stalemate conditions, not always resorting to kidnapping a small island country’s industry just because Taiwan needs international support countering our big scary neighbor 😢
Thank you Scaleyback for this wonderful words, you sound like a kind human being. Real germans love people like you, cause you bring us only happiness and friendship.
You lived in Germany 🇩🇪 for 7 years and you can't even spell one of the most common German words correctly. You are indeed British. I met a British man who had lived in Germany for over 20 years but spoke no German. Meanwhile it is " Mit Freundlichen Grüßen" .
@@trommelbiel Calm down. Im born in Germany ,im living here for over 25 years, and i still do some mistakes while writing German. Thats usual. Let the British guy write as he wants!
@@trommelbiel You'll have to forgive me mate (Tut mir leit) - I do not have a German keyboard. Umlaut U is not available and neither is the double S. As English is highly reliant on German for its vocabulary (now evolved with a mixture of Latin/Indian/French/Gaelic/Norse and even latterly American - God forgive us!) we can safely blame it on the Germans! I worked alongside the Bundeswehr at one stage and was told by my German comrades not to worry about German grammar and to stick with what they taught me - they called it Gasthaus Deutsche - it worked in a fashion. It got me into a lot of troube but never enough knowledge to talk myself out of it again. Wonderful memories from a wonderful era in a Wunderschoen country surrounded by, in the main friendly and tolerant people. A confirmed Germanophile.
Correct, Germany killed it´s own future when became antagonistic toward Russia, Germany did so for the sake of USA, country which was even bombing them at the same time(Nord Stream) !!! Politicians should be held accountable for that !!!
"The problem was there and it was known - but nothing was done about it." That, in a nutshell, is Germany's problem. And when they "tried something" they failed - miserably.
Germany has to buy expensive commodities from USA, Canada, Australia. It cannot purchase Russian gas, oil and other materials due to pressure from USA and China use this to strengthen its position as a major producer of goods. VW ID3 in China cost 16.000e and in Germany 40.000e.
@@gardeningtipsandmore Yes, if they would have listened to Trump, then no money would have gone to Ukraine from the US, and the Russians would be in Poland already. And Germany would not have this problem. I agree.
@@gardeningtipsandmore So because Germany did not listen to the US 7yrs ago, the US engineered the Ukraine war, bombed NS2 poisoned the cordial relationship between Germany/Europe and Russia, to keep both down. Now do you care to explain why America should be going around ordering other countries to do what it wants? Europe has never 'advised' America about how they should handle their relationship with Canada, Mexico, Brazil , Argentina etc so what exactly is your point?
Unfortunately Germany is currently in an extremely difficult position mainly due to short sight vision and naivety. Germans have always been very conservative and adverse to change. The country has been considered the Economic Powerhouse of Europe during the last decades but governments failed to push for innovation and internationalisation. As mentioned in one of the comments and i can confirm, several companies not long ago still had fax machines!!! The public sector still works almost like in the 70s sending letters to a country of over 80 million people. On the other hand, in 2023 if you try to speak english in any public institution you are simply told you must speak german or ignored. How can we attract highly skilled foreign workers like that. Neighbour countries like Belgium, Holland, Luxembourg, Austria and Switzerland are a lot more attractive to highly skilled foreigners. The other problem to attract highly skilled foreign workers are now the current house/ rental prices. In many cities people work to pay a rent. On the other hand Germany provides asylum to large numbers of people mainly non europeans which struggle to integrate and live out from social support meaning no positive contributionto the german society. All this sounds like a great formula in case you want to destroy your own country. If you then add factors like inflation, no more cheap energy, not being able to rely anymore on China as the biggest importer of german products the picture becomes pretty dark for the next years.
The Natality Winter t could have been much worse. As they reckoned then, the DDR merger provided a stopgap, providing the children lack far back then already on the tray of problems of the FBR
Bringing high potentials people in country is easier than keeping them and making a safe atmosphere for them to stay. The problemes I have confronted in Germany since I am here is hearth breaking. I don't know how I endure them. I came here with open eyes, now I regret. I will leave as soon as I graduate. And there are lots of students like me with same thought and experiences.
but we had no timemachine, so we didn´t know. But i agree that Germany should have cut down on Imported Russia Gas in 2008/2014, so they would not be as dependent they where in 2022.
@@mabuhayproductionltd3627 That's true, who on earth could have imagined that a KGB corrupt dictator becoming tyrant could be evil... no one saw that coming.
Germany has had Big Profit out of Cheap Russian Gas/Oil and Big Profits to Export a lot to Sovjet/Russia. Germany didn´t starve or freeze to death. But yes they pay a bit more now, good times and cheap gas don´t last forever. Germany will have to live with the new reality. But as i said, they should have cut Imports of Gas before 2022, and said we can´t do business it you invade ex-sovjet republics, maybe putin had done diffrently@@wilhelmvanbabbenburg8443
Wait! What? Reliance on Russian energy was high cost? I thought since your Ukrainian War and the destruction of Nordstream and sanctions on Russian energy you were getting your energy from the West? I don’t know but I hear Europe is paying much more now for energy from the west. I do know our energy companies in the US are making record profits. 🤷♂️
Germany made a terrible mistake by closing down nuclear. And coming from East Europe it always blew my mind how bad the Internet infrastructure is. Also how reluctant people are to technology (like digital finance, GMOs, nuclear...etc.)
Ask Elon Musk to put a satellite to get good internet. Here in America we do absolutely everything on line, or better with our phones. I don’t ever go to the bank or get a document from somewhere, that’s from the pass. I have not open my computer in a year you do everything with the phone. I was in Spain in summer and internet it’s not the same it’s slow sometimes you lost connection etc
German innovation and manufacturing and Russian resources were a perfect arrangement. One without the other is a disaster for both. Maybe that was the plan after all?
Germany used to use cheap Russian energy to produce most competitive products to sell in China, now German Green Party is anti-Russia and anti-China, you know Green Party is not working for German interests.
In the last 10 years i had to use Fax to cancel contracts in Germany. The tax system is a mess. Lots of regular people have to use Steuerberater services🤦
Maybe you need to get with the times. I haven't used a Fax in Germany in 10 years. Almost all companies are fine with emails, even if you have to attach a PDF scan of a signed document.
@@pfefferle74 I was requested by McFit to terminate gym membership by fax or letter. I was there personally and they would not do it. Also for SBK health insurance was the same.
@@pfefferle74 In Denmark I can fully report all my personal taxes online. In Denmark I can re-register my car online to a person who buys my car. No need at all to involve the authorities. In Denmark basically all communication with the authorities takes place online. In Denmark I can register a new company online and within minutes (whereas in Germany you need to involve a "Notar" and it can take weeks or months). In Denmark we have one countrywide "centralized" login-portal with ONE app, that you can use to log in to public systems as well as private company systems (e.g. your insurance company or homebanking or the Tax authorities). Sorry to say it but Germany is probably 30 years behind Denmark when it comes to digitalization.
I have worked for 11 yrs in Germany and then moved to the US. Now I am about to retire & when I contacted Rentenversicherung they send me a bunch of paper forms to fill them up and mail them back. Same info could easily be collected online, but unfortunately they don't offer this capability online. In addition, they do not offer email communication to ask potential Qs. As far trying to contact the consulate at San Francisco, good luck to get a response. While you can apply online if you have all the info available and you are 100% clear, if you do have Qs, the only real option to resolve the Qs is to fly to Berlin where Rentenversicherung is located. Kind of "odd" experience..
The western world is full of hypocrites. Total emissions are not as relevant as per capita emissions in determining which countries make the most impact on the carbon footprint. India’s carbon footprint is very small on a per capita basis compared with countries like Germany and the US.
Having lived and set up a company in Germany, i can say that setting up business there is the biggest regret of my life. I only did it for "ease" of personal tax declaration but never in my wildest dreams did i expect a company to be hit for so much money for making profit. By the time you pay taxes and fees about 35% of profit is taken from you. How or why would any company want that? That is why company's will find it start there and innovate and they are left with the old "trusty" companies
Nobody wants to talk about the elephant 🐘 in the room "ENEGRY"... When you lose your source of energy like the United States and Ukraine direct act of war on Germany by taking down the North Stream Pipeline your country will be in trouble..... Even an amateur like me saw this coming😂😂😂😂...
8:36 "Why does Germany have to be like the ideal role model for everybody else?" Except NOBODY thinks Germany is a role model on this.. let alone the ideal one. Anyone with a brain can tell that overreliance on Russian gas, restarting coal mines and banning all nuclear power is a dangerously naïve policy and even the 'experts' from Germany think that they're being the best kid in class? Germany is among the worst on this and it's not even paying off.
That might be YOUR opinion but not the opinion of the majority, thank god. And certainly not the opinion of our "experts" either, otherwise they couldn't be called experts.
There is racism in every country in the world. But Germany is one of the least racist places on this planet. At least, it seems so to me, a foreigner, who lives in the East of this beautiful country.
Eloquent words … There is systematic racism in many parts of east Germany. Because of it being such a no go discussion it’s not spoken about but just drive 20 minutes east of berlin and it’s there. Racism does not mean they are terrible peopke. It’s more that they are scared. This is why the AFD is rising - it appeases their fears and mostly fear of change..
@@joeblue2492Yeh, apparently, Germany is not good enough for you. So, if some people are afraid of rapid demographic changes and would like to preserve the fabric of their society, you call them racists. Then what do you call countries where some individuals kill other human beings if they belong to a different religious or ethnic group?
When i came here for my Masters, I thought Germany to be somehow similar to US but boy was I wrong. As an IT student with background in software development with experience, I couldn't land a student job in my own field because of the German language requirement. And it's the same case with so many skilled workers who can't land the job because of not having German language skill.
Its not that I am not learning German but the thing is that my field doesn't require German. Simply rejecting applications based on German proficiency, specially for IT is ridiculous. And this is not just my own experience but the experience of majority of students. During your studies these companies should atleast give students a chance to familiarize themselves with the German work environment so they can be ready for full time roles after finishing their studies. The world is changing at a fast pace and Germany simply cannot stick to its old ways of doing things. For example, countries like India where you can digitally pay to a street vendor with your phone doesn't look futuristic because these are the problems IT was meant to solve. Also, all the refuges that come here are sent to language classes and within 7 or 8 months they make it upto level B2 or higher. Here the language courses that are offered to Masters students are simply a joke. On one side, everyone is shouting about the shortage of skilled workers and on the other hand, you're rejected left and right when you do apply for a field job. I personally know students who are really good in their respective fields and have gotten more than 500 rejections each. I dont know what to make of this.
@@zigzagbeonas a German I say, you have a point there. But I also thought that in a job environment lots has to be written understood and signed in German, it can’t be all translated into EN. As you need to be able to read and understand traffic signs to drive a car, for other integrated tasks you need to understand the language. But we desperately need good skilled migration and they should find a way. Oh I remember, they allowed half Kurdistan, Greece and Italy in in the 50th and I bet with zero language skills, many older Turkish still din’t handle German
Going through the German job adverts it’s obvious that vast majority of ads for highly skilled IT workers are in German. Nothing wrong with it, sure. But why would you deliberately close yourself off from the global workforce due to the language barrier? Like it or not, but posting job specs in English increases your hiring chances exponentially. At least in IT.
As german IT professional, I can't agree more. At my previous job I wrote out an application for an IT job and was basically told I should add "German" as a requirement. I didn't want to, but in the end we agreed to add it as "nice to have". Our team was already international at that point and communicating in english... German as requirement made no sense at all.
As a non German IT professional in Germany I completely agree .. It takes 3 years to actually speak German so that a huge resource losss. It’s a perfect form of protectionism from competition. Really sad
I think the taxes that all Germans have to pay. are too high and are paralyzing the country and the economy. and it is shameful that a business-friendly party like the FDP would rather focus on redistribution from down to up than tackle this problem
Self-inflicted pain. Germany has not had a good energy policy in turning its back on nuclear power and agreeing to US destroying Nordstream gas pipeline.
I like the notion that "a growing popularity of AFD is a challenge to our democracy". If ppl choose to follow AFD, then it is a democratic choice by definition. The problem is that democratic incentives in the society do not correlate with the position of those, who claim to be democrats. Interesting.
Im amazed that a population that are supposed to be well educated has not reacted sooner to the stupidity and lack of political leadership. Now its to late for Germany to recover economicaly, poliyicaly and industrialy because it lots thr cheap energy sources.
The lack of skilled workers was discussed but really nothing was said about demographics and a declining population. A nation cannot continue to thrive if the people are not there to pursue the dream. Germany has been a leader for most of its history and the current demographic crisis is just another example of Germany being ahead of other developed economies. Problem is, of course that the demographic dislocation is one trend that Germany does not want to lead and the current German economy is witness to that.
Germany needs immigrants, because Germans are not having children. So the alternative, and not necessary the best to keep a stable country with language, history and values, but really the only one available.
The expensive fuel is only a temporary solution. We won't make use of that option in the future. Current goal is to produce energy on our own and we are on a good way to get there.
@@mrx2062 Indians are clever and selfish about their own people as India knew that the world's most corrupt country called Ukraine can never beat Russia. Ukraine is a lost cause from the beginning
Yes, in Germany most people think degrowth, living without energy, living like in the 17th century is the paradise. So shrinking of ecenomy is cheered here Germany.
I just talked with a colleague of mine how it’s hard to work with German clients. Everything is so slow, overscrupulous and pedantic. Don’t get me wrong pedantic is good but when form is more important than function then productivity suffers. I’m affraid even if Germany makes completly correct decisions about the future the implementation will be too slow to make impact in real life.
I ran a Company there that worked for the Government . It’s true. Appallingly bad. Processes that are slow and inefficient. Also heavy nepotism. It’s structural . They did to radically modernise in terms of processes and also culturally. People are resigned to it there. They love how it’s so controlled because they think it’s less risky and nice and cosy and safe. They need to get more of a risk taking artitude with their structural reforns.
Germany built itself up quickly after the 2nd world war and in the early 2000s, Germany was already labeled "the sick man of Europe" with a bad economic situation, high unemployment and a worsening trend. Within less than a decade (from it being identified as "sick"), the country made a complete turnaround and had massive economic growth and successes on many levels. They have proven often they can change and turn themselves around.
Germany do not dare to say a single word about the destruction of Nord stream pipeline. So what do you expect anymore? Germany is not a sovereign country anymore.
Because the US warned them back in the 2000s not to rely on Russian gas. President Bush, Obama, and Trump told them there would be consequences for doing that.
1 variable that determines Germany's economy, which is cheap Energy. There is slogan that says Energy = Prosperity. It does not take a Genius or economist to work that out.
The biggest mistake in Germany is the shutting down of their nuclear plants. This has jacked up their energy prices and thrown a monkey wrench into their economy. The other thing is Germany's failure to ensure investment in the development of electric cars. Like Germany is at risk of their whole auto industry going belly up.
Under EU la the price of a kw of electricity MauST be priced at the retail level at the highest cost to produce that kw. This is why sone electricity producers made obscene profits. The nuclear will help but they need a structural reform that forces a flat playing field of competition
@@joeblue2492 what makes sense is supply and demand. Like consumer should be charged based on when the electricity is use based on the cost of the electricity at the time. Often electricity producers get contracts. This is often not good for utilities in that they have varying demand over the day, week, season. This is where old stile nuclear plants are having trouble. They are set up to produce unchanging base load and become uneconomic when renewables over produce. So what are needed are nuclear plants that operate at high temperatures and power can be stored as heat to be used when needed.
Booting the US military out of Germany and becoming truly independent of US security and financial hegemony would be a good step. hosting US military within a country is already the surrender of sovereignty… when the call comes as it has for the proxy war with Russia …then it becomes clear where power lies …and whose interests are ultimately being served . Good on DW for covering this …go deeper and be more honest about the geopolitical factors?
German's neighbour - Poland will happily station American troops from Germany. After that, Germans will be on the hook to pay for their military and no more free riding on the backs of American tax payers.
The US will strangle Germany because of its success. Do they have a choice of them being there? Must be like havin a cancer having them I n your country.
You can see what is wrong just from the format of this show. Everyone seems tranqualiesed or superficial. Simply people no longer care, this is the comfort and inconcience togheter right here. Europe is on the edge of a full blown war and all what politicians NGOs can be concerned is how to go green. That is also mad.
Thanks for the good wishes, I hope we will. But the uncertainty of the future feels almost palpable. I hope the US (even if it takes a long time) will eventually manage to be less chaotic and hateful in its inner politics again. It seems to me that it would benefit your country if many of your people remembered that what divides politically in most cases is not if you want something good for your country, but how to get there.
We are missing "gute Fachkräfte" everywhere in Germany, from shoppings malls to hospitals to schools. But also first and foremost missing excellent Fachkräfte in the politics.
I spent three weeks travelling around Germany in August 2023. I noticed out in the country and villages every house had a massive stack of logs outside. Green agenda only seems to apply to the cities and industry. Beautiful country by the way. Clean and mostly litter free.
It's probably just the fact that Germany was able to pass on some of the savings in energy costs onto the German workers, but now that Germany isn't receiving this cheap energy from Russia and yet is still stuck with the higher wages an benefits is making Germany into a less favorable business environment.
It is embarrassing how they attribute all the blame and catalyst for the Russian-Ukrainian war, and seemingly choose to ignore the events surrounding the coronavirus pandemic. Economists ardently warned people about the certain downsides of printing such a substantial amount of money in a brief period, especially while concurrently shutting down the economy with lockdowns.
Germany didn’t care about other countries about there car manufacturers. Now it’s germanys turn. They are about to feel a lot of pain like other countries did.
@@coondog7934 Wind and solar are not competitive inputs for industrial processing. What you make with Alternative energy must compete with industrial output from countries with lower energy material and labor costs. what ever you make that cost you $10.00 to make China or India will make for $3.00 Meet you in the market place.
@@coondog7934 How do you make Phosphate and Nitrate based fertilizers with Solar and wind? and how do you grow industrial scale agriculture without fertilizers?
@@enriquelaroche5370 Look up "phosphate/nitrate free fertilizer alternatives". You are welcome. Besides: Fertilizer can be made out of hydrogen as well. We are not relying on eastern countries no more.
The Underlying Economic Problem is “Profit Price Inflation”!!!!! Corporations raising their prices above increases in their cost. Using those increases as an excuse to raise their prices and profits! They raise prices because they can!
Проблема в том, что союз между Германией и Россией или просто очень хорошие отношения между странами - это страшный сон США и Великобритании, поэтому, как только эти отношения начинают налаживаться, в Европе начинается очередная война. И так тянется с 17 века.
Just imagine... German Engineering, know how and Russian raw materials. Of course, this is the nightmare of Great Britain and the USA. Together we could rule the world.
What I noticed in this conversation….. they are not talking with relax , they are very .. very careful in choosing words how they going to express their opinions. I think Europe let Americans to rule them!
It is unfortunate to see how Germany has lost its economic strength in recent years. Despite its long history as an economic superpower, several factors have come into play that increasingly questions this position. Bureaucracy in Germany can often be overwhelming and hampers innovation and entrepreneurial initiative. High taxes and levies burden both companies and individuals, making it harder to create and maintain prosperity. This results in talented professionals and innovative minds migrating to other countries in search of better economic conditions. The education policy has also not always invested sufficiently in promoting future-proof technologies and skills. This lack of adaptability and innovation has caused Germany to lag behind in areas such as digitalization and renewable energy on the international stage. It is crucial for Germany to return to its economic roots in these times of change by dismantling bureaucratic barriers, reducing the tax burden, and increasing investments in education and technology. Only in this way can the country regain its economic strength and preserve prosperity for future generations. Additionally, it's worth noting that Scholz is perceived by many as a weak chancellor, and the handling of migration in an uncontrolled manner has deterred valuable skilled professionals. This approach needs reevaluation for the country's benefit.
Tax is not a problem. It's the problem that in Germany it's not used to provide the nessecary infrastructure, digital, transportation, rail, energy, education and healthcare
Germany also has a tendency to buy cheap and pay double. Russian gas. Internet infrastructure. Everything gets discussed over years even if the solution is obvious and then a half assed solution is used that costs a fortune to fix for later goverments
You forget sanctioning your main energy supplier... Which is kind of key, especially if you feel compelled to shut down your remaining nuclear plants at the same time... 🎉🎉🎉
@@taynadelmar8608 shutting down the nuclear pants was a sealed thing. Even the green party analised if it would be worth to get them back running, but it was too late to be profitable. And the thing with Russia was without options too. It's like you complain that German government doesn't change the weather xD
This isn’t Germany’s first rodeo. While these indicators are concerning, moreso since integration with partners is rather tight, Germany has shown remarkable, unprecedented (economic) recovery before
When Germany was divided, only East Germany received gas from Russia. I think the biggest problem is that Germany received too many unskilled immigrants, which created high taxes and less consumption.
@@dave_sic1365 After 1973, yes. But before 1973 West German economy already was flourishing (From the late 1940s). They brought guest workers from Turkey and Yugoslavia. How West Germany managed to run economy without a Russian gas? As far as I know, they imported a gas from Norway.
Germany had trade surpluses far too big and far too long, partly because of the artificially low currency, introducing imbalances in the world economic system. One country’s surplus is another’s deficit. In the US there is rebalancing by federal transfers, but in Europe that is a tough sell. Unfortunately, when the buyers get weak, the exporter has a problem. Add to it the fact that Germany’s biggest industry, is now uncompetitive in the EV transition, and you get.. well, sick man of Europe. They’ll find their way again, but there will be pain.
Germany killed it´s own future when became antagonistic toward Russia, Germany did so for the sake of USA, country which was even bombing them at the same time(Nord Stream) !!! Politicians should be held accountable for that !!!
I'm Austrian with some German roots and I think people are fed up with the global capitalist economic system as well as the EU that has ruined a lot of traditions like high quality local farming and manufacturing that have been an important part of German identity. The diminishing "middle class" wants an alternative system. At the same time, population becomes more and more diverse through immigration, which sort of transforms the meaning of being "German". This creates insecurity and provides a breeding ground for right wing movements.
What's it with this great power in trouble stuff got to do with Germany 🇩🇪 and who made them a great power, Given that great powers are not only capable of protecting their interests but also they're expected to secure their sovereignty, Germany 🇩🇪 have non of these qualities at the moment so the title of this article is very funny.
How come that Europe is not mentioned once? Well, it was mentioned at the beginning when referring to Germany as the sick man of Europe, but that was about it. Still, great discussion about some of the ills, as I understood, of Germany right now: high energy prices, bureaucracy, slow digitalisation... As a European, I hope that this is just a temporary bump and that they can recover the muscle and drive that they have always had. ;)
Germany is trying to be leader of Europe but their politicians make to many mistakes, Europe no longer trust their judgment. To be a leader you need to be smart and look for everybody’s interest not just your own. 🤔👎
Its all a designed plan by U S A for Germany. The US knows if Germany becomes friends with Russia, Germany will become the biggest economy in the world replacing America. Now the plan has worked and Germany is now the sick man of Europe
People are afraid of whats coming. When that happens people have a tendency to start following more extreme views. Leaders across the world need to be far more realistic with people and be honest that things are going to be a struggle for quite awhile. Either we do that with good leaders or we harm our own interests by going through these challenges with bad leaders.
It isnt the people that are going to more extreme biews, its the government that started going more extreme and irrational, the people are rebelling against their insanity
That's exactly the way I think. But when I look for example to my own country (the Netherlands), our former PM Mark Rutte blatantly lied to his voters for 12 years, to save his own political carreer. I think the only way is voting (extreme) right, because it's obvious a left wing government isn't going to change anything, and is just blindly going to follow the pro EU, pro US line that plunged us into these problems to start with.
The world is collapsing and diminishing energy resources also play a role in this. Yes, the german economy might grow a bit in the future, but in general the whole world is entering an accelerated collapse process. Brace yourselves, it’s gonna be a wild ride.
@@yetao5801 No it wont be. It might feel like it for a long time. Perhaps even a generation or two, but humanity has been through rough times before. Generally speaking we see population decline that brings us back into a better balance with our resources. Its entirely possible that will look and feel like decline for the folks alive right now, but on the other hand the people born at the back end of this will almost certainly have a different way of life and its likely that they will have a better quality of life if we dont have a massive decline in technology or industrial base. My bet is that we will see a large amount of technological improvement, a modest decline in population globally, and a much more erratic environment due to global warming. If the technology makes that bearable its quite likely that the fewer people will get by just fine. Like all projections a lot can go right or wrong. If you are in one of the areas where things go wrong it will feel much worse and if you are in a place where things go right it will feel much than the alternatives. I know this might not be the popular view but I see this period we are entering as being a challenging time that will likely improve us as a society in general. We just need to remember that most everyone on this planet wants the same basic things and we need to communicate how we want those basic things to be something everyone can get without fighting wars or seeing other people as the enemy.
Bankruptcies usually happen slowly at first and then suddenly. Similarly, that the decline of the German economy currently is slow may be deceptive so they should probably hurry up with a solution.
It is striking to me that none of the commentators on screen ever smiled. In contrast, in American TV interviews, professional commentators smile a lot more and have far more facial expressions. Is this a Germany-vs-US cultural difference?
@@thegreatdane3627 i'm afraid you are correct. South korea has even less ressources... and less mind@@@ed people. So some "event" would be highly welcome. In the sense pain --> common sense.
