The German industrial sector, long the backbone of the nation's economy, is facing unprecedented challenges. Recent data reveals a 5% year-over-year drop in orders for July, which, although smaller than the double-digit declines seen in previous months, signals deep-seated issues. The energy crisis and unfavorable domestic policies are crippling the sector, making it increasingly difficult for German companies to compete on the global stage.
The VDMA reports that both domestic and foreign orders continue to fall, with no signs of recovery in sight. Over the last three months, orders have dropped by 14%, further exacerbating concerns. This ongoing decline underscores the urgent need for policy shifts and innovative strategies to revive Germany's industrial might.
The consequences can be seen in the gross domestic product, which has officially been stagnating for seven years and is now falling slightly, but is only being kept afloat by massive government spending programs, which we all know generate nothing but ultimately destroy productivity. Germany has fallen into an economic and social downward spiral that it could only overcome through a radical policy change and a return to a free market economy. For ideological and intellectual reasons, there is absolutely no willingness to do so among the political caste. https://m.stacker.news/48982
They will realise only when they are completely broke. I'm saying again and again that the upcoming winters would leave you with no answers.
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So whos going to conquer germany? Thats how it usually goes when nations become weak
I just think it wont happen and there will be anarchy instead. there will be little for any external adversary to conquer :) Sad
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what conqueror would want to tie this Moloch to his leg
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I hope they learn the lesson about it and come stronger than before this silly crisis.
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Radical policy change? Where can they start with the highest impact?
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86 sats \ 1 reply \ @TomK OP 30 Aug
a 180° turnaround in energy policy, comeback of nuclear power. and then immediately abolish the majority of regulations in the construction industry and the entire climate madness without replacement.
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Nuclear energy would be a start. After that they could think about the energy policy. Then they can get the EU behind them.
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question, if germany continues to fail, what becomes of the eu? basically, the whole of the EU is sucking on Germany's battered teets and Germany pulls most of the weight.
can the eu really survive without it?
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The EU... maybe. The Eurozone is toast
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