Mainstream media can no longer deny Germany's decline \ stacker news ~econ

Mainstream media can no longer deny Germany's decline

2324 sats \ 27 comments \ @TomK 10 Feb econ

It's hard to permanently ignore reality. Even the mainstream media must now recognize that the decline of German industry will have serious consequences for the economy of the European continent. After years of industrialization, over-bureaucratization and excessive tax burdens, Germany, once the economic anchor of the eurozone, is now naked. The country can no longer find its way out of the recession and job losses in industry are continuing. Bloomberg has also recognized this and addressed it in this article, which I have linked here. But the real causes, the Davos ideology policy, the Russian sanctions, the climate apocalypse, the madness of Net Zero are not mentioned. Germany is in for hard times, the eurozone will suffer from this green-communist ideological rampage.

https://www.bloomberg.com/news/features/2024-02-10/why-germany-s-days-as-an-industrial-superpower-are-coming-to-an-end?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_source=twitter&utm_content=markets&utm_campaign=socialflow-organic

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606 sats \ 10 replies \ @Undisciplined 10 Feb

What's the spin over there?

In the US, the corporate press would just blame it on racism or climate change or Republicans (the later at least deserve some blame usually).

883 sats \ 9 replies \ @TomK OP 10 Feb

yes, in principle it's the same here. especially in Germany, it's always the right-wing radicals, but also this stubborn refusal of us morons to recognize the green Valhalla as paradise on earth

75 sats \ 1 reply \ @ek 10 Feb

this stubborn refusal of us morons to recognize the green Valhalla as paradise on earth

Haha this so much

everything is great and if you don't agree then you're against democracy and you should be ~~executed~~ canceled

0 sats \ 0 replies \ @TomK OP 10 Feb

You know the insides of Germany. You must be one of us... lol

41 sats \ 1 reply \ @Undisciplined 10 Feb

stubborn refusal of us morons to recognize the green Valhalla as paradise on earth

I should have anticipated that victim blaming/gaslighting would be in the tool kit. We're getting lots of that right now about why all us stupid rubes don't see how great Biden's economy is.

28 sats \ 0 replies \ @TomK OP 10 Feb

Lol. Yeah I know. How dare You

24 sats \ 4 replies \ @davidw 10 Feb

I’m so curious. With all the bearish news you share specifically about Germany, why not just leave?

881 sats \ 3 replies \ @TomK OP 10 Feb

I already left 5 years ago to Spain (economically a desaster but better quality of life) and partially I am on the island of Crete/ Greece (no comment on the economy). But: Germany is the hearth of the continent's economy and political driver that affects all. Therefore I used to report on Germany to point at the main developments behind the noise

21 sats \ 1 reply \ @ek 10 Feb

Your reporting combined with my own personal experience makes me want to leave too

0 sats \ 0 replies \ @TomK OP 10 Feb

don't lose heart, even if it looks bad now and won't get any better for the time being. i've been through hard times in germany, have been self-employed all my life and have never regretted taking the step to go abroad. if you have a clear vision, you'll eventually see the chance to live beautifully everywhere. so don't worry, you're not alone either

21 sats \ 0 replies \ @davidw 10 Feb

Glad to hear it 😄

203 sats \ 1 reply \ @Signal312 10 Feb

Unpaywalled:

https://archive.vn/lsQ3Q

0 sats \ 0 replies \ @TomK OP 10 Feb

Good idea. Thanks

22 sats \ 1 reply \ @Atreus 10 Feb

Now is not the time for self-pity. It's the time for honest reflection and looking back at the mistakes Germans have made that led to this sad...

Who are we kidding? We know we're in for another 10 years of self-pity and "Who could have seen this coming 😞"

33 sats \ 0 replies \ @TomK OP 10 Feb

yes, absolutely right! however, my job as a journalist is to take a critical look at things, to report independently and, if necessary, to publish opinion pieces. Germany is right on the Davos climate line and will economically drag half the continent into the ground with it. that's a big problem! i'm always interested in explaining where this Davos policy comes from: europe has a problem: it has no significant collateral (energy) to establish a stable currency in a heterogeneous economic area and with global competition. that's why it's trying to force the whole world under its regime with this net zero agenda, so as not to have any comparative disadvantages. This is where the analysis begins.

21 sats \ 2 replies \ @jgbtc 10 Feb

They will keep blaming climate change until people rise up and overthrow the green clowns.

101 sats \ 1 reply \ @TomK OP 10 Feb

The climate apocalypse is the best lever the commies ever found to destroy the free society

21 sats \ 0 replies \ @dgy 10 Feb

This strategy for control has been mention as early as 1966 in the Report from Iron Mountain.

21 sats \ 1 reply \ @kurszusz 10 Feb

"They earned it for themselves", but unfortunately all of Europe suffers from this.

It is just a matter of time, and you will hear on MSM climate problems, NetZero and Russian sanctions also... This is just the beginning...

And MSM are talking about this, because right now it is evident, and you can't cover everything to infinity

0 sats \ 0 replies \ @TomK OP 10 Feb

Yes. The majority like always, isn't guilty of this bs but is suffering anyway

0 sats \ 0 replies \ @positronic_bot 12 Feb

Lived there until recently. The refusal to digitalize was astounding. The failure to anticipate and drive (pun intended) the switch from diesel to EV will be in the history books. Running an economy where services take more importance than industry is simply not compatible with german culture. Also, they don't get startups and venture capitalism. The Mittelstand and giga-corporations laugh at them and get killed as a result.

0 sats \ 5 replies \ @shyfire 10 Feb

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21 sats \ 4 replies \ @TomK OP 12 Feb

the european union passed about a dozen sanctions packages. i think that caused the entire trade to collapse by over 90%. so it's enough across all product and goods groups. those damn communists will be sorry they got involved in this affair

21 sats \ 3 replies \ @shyfire 12 Feb

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0 sats \ 2 replies \ @TomK OP 12 Feb

as far as the sanctions are concerned, the classic economic doctrine of comparative cost advantages comes into effect here. the Europeans have cut themselves off (especially Germany) from cheap energy from Russia. this has resulted in an enormous disadvantage in industrial production and, as a result, industrial companies are migrating not only from Germany but also from the periphery to America. Russia was a very important sales market for parts of Europe, if you think of East Germany or other EU states in Eastern Europe. in addition, the Russian economy has succeeded in largely decoupling itself from the old trend through new cooperation and a certain openness to technology. this is something that many people have not yet understood: the Russian economy of today is much more technology-oriented than that of 20 years ago.

0 sats \ 1 reply \ @shyfire 12 Feb

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0 sats \ 0 replies \ @TomK OP 12 Feb

and the consumer has also taken a real hit due to the inflation that has resulted. in addition, the real estate market is now suffering because many people have to sell their properties and bank balance sheets are shrinking as a result. the sanctions have a whole chain of effects that trigger a negative spiral