The German Economy Is in Serious Trouble
Vložit
- čas přidán 4. 03. 2024
- Check out our previous videos! ⬇️
🔴Why Are Japanese Companies Dead?
• Why Are Japanese Compa...
🔴Why Are Muslim Countries Poorer?
• Why Are Muslim Countri...
🔴Why Are Big Companies Fleeing China?
• Why Are Big Companies ...
✉️ Business Enquiries → team@visualeconomik.com
As a German, I am furious about the decision to shut down ALL nuclear plants, before having a reliable and cost efficient alternative. It never made sense and still doesn't. Just to shut the idiotic Greens up.
This is what happens when you let your emotions run the government , instead of data, logic and common sense
Let's not forget that Germany just 14 years ago , was lecturing the entire Europe on how to run their economy. So no sympathy really for Germany. Economic success from Russian gas is not success at all
the German greens are a gift to the Kremlin
global warming has NEVER been about logic and common sense...........
It’s not being run based off of emotions. Rather, it is being run based off of globalist agendas and then justified to the public based on their emotions.
Respectufully, I would argue that nuclear energy is very clean. The greens are runnning off of false data. The "emotion" of clean energy is a good idea. The false assesement of nuclear energy not being clean is problematic.
I classify it as emotion since it makes more business sense to use the easiest source that being russian gas. In that regard not negotiating with the russians for gas is also an emotion. Albeit a very well founted one.
When a country's own government is the country's worst enemy ...
The elites have no contact with German workers people
Same thing in Poland right now.
Call that in the UK, China, Russia and, and....
more like When a Country's main "ally" is the USA lol. Blame the CIA, wake up Germans, as an American, we all know nothing is worse than being the "Ally" of the US.
@elah1023 the US too
Calling it now: Germany is going to start using coal in the near future and advertise it as a temporary program
Going to? Have you not been watching the last few years? They've *had* to.
If the goal was to "save the climate", then they should have kept their nuclear power plants online. What is wrong with German leaders?
Theyll buy "green coal" xD
@@garyzies3486 the real goal was to become another market for americans.
@@TennessisET That is utter nonsense! Look at the trade deficit that the US has with Germany. For decades, Germany has benefited from the US markets by selling much more product than the US is selling to Germany. Last year alone, the US had a trade deficit with Germany to the tune of 72 Billion US Dollars.
You didn't mention that it was Germany itself that banned Russian gas.
"Germany itself" probably not ...
so, "who" or "what" could be behind such decisions? ... // this mass-media controlled fake-Democracy is not in the hand of the Germans ... it smells like CIA operations everywhere ... "Germany 4 BRICS" would actually be the answer ... access to ressources and to markets ...
And oil. But Germany's fate was sealed when the Americans blew up the pipelines
@@ImperativeGamesthat's true they are just a vassal state at this point anyways
@@adamvose2651 They always were, since WW2. They were allowed to carry the EU into its demise, now they're ripe themselves. Great job CIA.
Of course not, lol. Can't let the fact that Western leaders and their easily led liberal voter bases did this to themselves.
Maybe shutting down one of the worlds best nuclear power fleets was not a good idea….
But but muh green energy
A bit twisted. Germany would've needed to build newer plants.
@@NoidoDev but Germans were afraid of tsunami? I guess Bayern is the most sensitive to North Sea floods...
It doesn't make any difference for us but it got slaughtered by the news like always😂
@@andreas5563 Nuclear is green
"alternative cheaper energy? No thanks"
- the german greens after deindustrializing
Many will deemed Germany's political / economic policies as jumping out of the frying pan and into the fire; cut direct cheap Russia energies in exchange for very expensive US LNG and regurgitated mark-up Russian energies from India, as well as decouple / de-risk from Germany’s #1 trade partner (China) in order to serves US national interests. But the craziest act of this German government is preparing to send German troops for a direct military confrontation with Russian troops into Ukraine.
Germany is plagued by socialism
The energy that is falsely named green energy, which doesn’t make the world greener, earth is getting more green because of CO2 fertilizing, nitrogen fertilizers and global warming which is melting the enemy of life Ice and opening up new land for life to prosper.
Windmills, solar panels, biomass, biofuel are all useful, but none of them are cheap, the price a new modern generation ocean windmill can generate electricity to is very low, but the system to insure that you have electricity 100 % and over production doesn’t destroy the system when the wind blows maximum makes it very expensive to buy from the grid as consumer.
we all like Green ..we all support Green Party !!
The CDU*
German tax law makes it hard to compete. We operate a financial services company and we basically can't compete as Germany has implemented double taxation
That's just terrifying
Japan 🗾: Please, hold our SAKEs🍶
That is germanys worst problem, not anything eles matters tell you fix that. Without compitition you have ##$% monoplies and no inavation. ( Basically economic Asphyxiation)
Protectionism vs free markes: free flowing markets always win the inavation price but protectionism can steel more money at the price of depressions. You need a healthy balance. You can't expect china to buy all your cars but not let some stuff come into your country to compete, the trick is to tax some things but leave openings to none essential markets, then compete to make better stuff and sell it everywhere. Old germans knew this , best beer, best planes, best cars!
this is partly what happens when you have policies based on ideology rather than pragmatic facts.
you should always do impact analysis on policies before green light them
Also Germany and germans are very digitization adverse. And thats an area where most of the sweet sweet money is made (added value / highest margins). Is the post industrial era that germans will completely oversleep. Just look at the entertainment system of Volkswagens ID Series - a complete Joke. But sadly the standard of german software engineering. (I live & work in Germany)
No. This is the consequence of a lack of ideology. There just was nothing there in the Merkel years. No substance. Cozying up to Russia against the urgent advice of our allies. Lack of investment in digitalization and infrastructure in a phase of budget surpluses and low interest. Demographic crisis ignored. This is where you get with a country hingeing on a pampered car industry that tries to sell 19th century technology and that ignores the world is changing.
@@benjaminh.7698 funnily enough. I go through a lot of immigrant in germany videos (Uyen Ninh is my favourite). The bureaucracy is extremely outdated. Still uses mail and letters, makes forever. I mean, it's the 21st century bro
@@asirnewazkhan4172 Public authorities were ordered to remove fax machines from there workflow. Some government entities simply refused to do it 🤣
Germany has the state of an 3rd World Country in regards to digitalization 🙃
Germany is weak. Nordstream. Nuff said. . . . . .
As a Chinese, I think it is accurate to say most Chinese have long and profound respect for German Engineering, manufacture, and work ethics. Most of us find it inconceivable how German politicians, who were voted by the German public, made the decisions they made and led the country to where it is today... I am sure the media exaggerates everything, but still... So many questions just don't make sense...
Why did Germany dismantle all their nuclear power plants? If Germany decided to enter an energy pack with Russia, which made perfect sense at the time, did not oppose aggressively to Ukraine entering Nato prior to the war? What did Germany expect Russia to do? When the Nord Stream, which was a huge German investment, got blown up by you know who, why was there no opposition? These days, Germany is stuck paying the high energy cost, seeing its manufacturing strength fading, and EU competitiveness and independence eroding... But it seems like Germany is still all-in on its current trajectory. Why? What does Germany stand to gain from all these madness?
Well the end to nuclear power came because of Russian influence. Guess who is paying for all the green groups around the world?
What they stand to gain: being on a high horse, calling themselves morally superior (which is the most important currency in the world of woke politics)
Cui bono, Germany does not gain but the US does and it appears all western European leaders are being controlled by the US
There is taxpayer funded media that does not report neutral and hold the government accountable but instead acts like their PR agencies.
It's very exaggerated. German industrial energy prices are average in EU.
The main reason for economic stagnation is the bad performance of the Chinese economy killing exports.
A perfect example of Germany's inability to attract workers into the country comes from my family: Although I am a German citizen, due to the lack of social movement and the inability to prosper financially as easily compared to other EU countries, I decided to leave the country, whereas my mother who is in her 50s wants us to remain in Germany due to the stability and security it provides. The country is perfect for retirement but not so for personal and financial growth.
In what country did you decide to live in ?
I decided to live in the Netherlands. Way better for career opportunities for me
the german language isnt that great either not to mention all the political stuff going on with immigration why pick germany out of literally any other nation? germany doesnt have anything anyone with skills wants that othet nations dont have. sorry but i much rather live in america or england or even korea long before i even consider germany
@@alexmartinez-og8gudo you really wanna spend 3 hours in your car every day? That is quite common in the US.
@@emilhuseynov6121Netherlands is a decent option if you don't like mountains. Otherwise no. I'd much rather prefer Switzerland.
This is suspiciously similar to what is happening in Canada. Switch a couple of industries etc, basically the same. The western world is falling apart and fast.
agreed....socialist politics and policies
the chinese and the russians seems to be falling apart even faster than the west does :)
North America may not be doing too well, but China, Russia and Europe are falling apart faster. It seems to be a race to the bottom at the moment.
It sounds like Germany is even worse then Canada. we are all lucky they did not win either of the World Wars. They get easily deluded, by ideology. now bring on the Online Harm Bill.
Get rid of the far left policies and the West will come back.
9:05...I remember when Trump made a speech at the United Nations decrying the fact that gemany's dependence on Russian oil and gas would come to bite them in the ass and the whole German delegation was shown laughing at him...Not so funny now is it
@david, The Germans didn't have enough guts to stop you from blow up their pipe lines and now Germany has to buy the gas from USA at 4 times of the price...you are lucky that the Germans did not have any ball to dispute the backstabbing.
Not only Germany, the whole UN has laughed about Trump's delusions.
It wasn't about the dependency on Russian energy sources though.
Nobody has expected that Russia doesn't keep it's treaties actually though.
quite depressing when a silly politician tells ones country what not to do.
Yep indeed! Hello to Europe's corrupt and incompetent politicians who are so bad
Makes you wonder if CIA knew about what Russians were planning even back then.
I like the « Even France is doing better » 😂
Make BAGUETTES Great Again 🥖
France voted for macron, a dope.
@@Booz2020 Reliable Airbus planes too
Germany needs the free trade bloc of the eu to export its goods. It also needs cheap Russian energy. It also needs workers. It needs US navy securing the oceans for it to import raw materials and export finished goods.
Everything is falling apart. They got problems.
They got their own navy.
@@ursulasmith6402 not enough to project power more than 1000 miles off their coast. Not blue water capable.
Correction, they don't need either of those things. The only country Germany technically needs an alliance with is the Netherlands for its ports. The only reason they don't have a large military is because they like Japan have laws that have historically prohibited them from doing so (not to mention there is no official peace treaty with Japan and Germany). So they could do all of those things, they just haven't been allowed to as of yet, and they haven't found the will to do so.
The idea that the EU benefits Germany more than Germany benefits the EU is ignorant. Germany could have better trade with non-European markets outside of the EU, they could set their own tariffs as appropriate instead of blanket tariffs that don't actually benefit the German economy. If you go look at the EU budget, tell me which country contributes the most? That's Germany, they contribute even more now that the UK is gone. If Germany and the Netherlands leave the EU, and form an economic (but not political block like the EU) block, then they'd do perfectly fine. Can the same be said for many Eastern European countries that rely on the EU budget to fund their public institutions? The answer is no.
@@ursulasmith6402 When trolling, grammar matters.
@@Solitas777US and UK have more capable navies. But in an actual mission to defend sea lines of communication (Yemen right now), those Navies have been worthless.
Germany shipped out manufacturing.... 75% of all BMW's now built outside of Germany??? Banking slobs firmly in charge
I remember when i was a teenager in germany, i kept hearing economic growth % of gdp on the radio and i hated that everything was always about economic growth.
Now i miss those days - having grown up and realized how important a functioning economy is.
If there is no growth, the system collapses...Green Ideologies, Socialism and a Government Planned Economy has never worked out well for any country.
@@garyzies3486 depends. For the most part yes but not entirely. At the heart of the system you need a free market meritocracy.
But what do you consider socialism?
Functioning healthcare?
And what do you consider a planned economy?
Because all large economies are a hybrid of planned economy and free market enterprise nowadays, that includes the usa.
@@Humanaut. Regulations to provide a fair market places and to prevent monopolies does not equal socialism. A planned economy is an economic system where the government controls and regulates the production, distribution, prices, and allocation of goods and services.
In a planned economy, decisions regarding labor, capital, and natural resources are subject to government control and regulation. This system contrasts with a market economy where decisions are driven by market forces. In a planned economy, also known as a centrally planned economy, a central authority makes decisions regarding economic activities rather than market participants. Ask Mr. Habeck how it's working out for Germany.
@Humanaut. It is the money itself which is the problem. You need real money not a currency that cam be created out of thin air. God gives 3 main instructions regarding money. Honest weights sbd measures, no usrt( interest on money loaned) and debt is slavery. Your money breaks all 3
@@Briand-ei1gs "God gives" - no, you believe X. God doesn't give X.
I don't believe what you believe. Don't assume it to be a universal. You can believe in your religion or the tooth fairy, just don't assume people share your opinion when it is literally based on blind faith instead of reason and has not exactly produced good results in terms of high powered economic growth.
"Your money" - I assume you're coming from the Islamic context given the criteria you mentioned.
How well is the economy of the Islamic world working right now?
What are the best functioning Islamic countries in terms of institutions and economy and are any of their economies built on something other than oil?
I lived there for a year and the best job I was able to get was to be a delivery driver and paper boy as a second job. People hate you if you don't speak German. I came to the Netherlands where I am a senior datacenter operations engineer using only English language. They drive out talent then complain there aren't any skilled workers. Yet still thinking of leaving the EU. You get what you deserve...
Great to hear You've learned decent English.
You're lucky you got a job there
So true! I also don't wanna spend my life in this messed up society
@@user-yr4vp1jk7j I would advise to create a Linkedin account and start looking for jobs that interest you there. Also to save up some money to be able to pay for rent, deposit and expenses for 1-2 months at least in case you get hired and they don't offer relocation benefits. I actually started by moving here fist with funds enough to live for 3 months and started handing out CVs in the centre of Amsterdam at small businesses (they always have help wanted signs all around the place btw) and sending out CVs to opportunities I found online.
Bureaucracy in Germany may cause PTSD.
True. Just got a job in Germany, and the process of moving is more complicated than anything else I have ever seen
l left this country after working for decade, it is a psycological rape machine. suffering with PTSD now. very true.
@@frankerzed973 too many rules, no agilility in prozesses
"Just following orders"
As an Italian, Italian bureaucracy is even worse.
Crazy how large Chinese car brands are in Europe, as an American I had never even heard of that brand.
It's because the regime in Washington isn't allowing the Chinese EVs to enter the US market, at least not at competitive prices because the members of the regime own stocks in US EV makers like Tesla. But the Yankee rabble must pay much more for those overpriced American EVs in the name of making America great... again. Duh.
I think MG is actually an old British brand that was bought up by a Chinese conglomerate around the time of the financial crisis.
we did not hear about it either and UK is not exactly europe right now. anyway, never saw a byd car on any street so far and supposedly, they took over the japanese manufacturers in numbers...where are BYD cars selling? in africa, south america?are they giving them away for free?
Never Say NEVER 😎 Justin Bieber
There's tonnes of MG classic cars in the UK. I've never seen a new one though, like, 2000+
The EU is stuffed if the power house of the EU, Germany, declines
The French will take over, with Sweden, Netherlands, and Poland.
The whole European Union is financially up shit creek without a paddle. Every country drowning in debt and mass immigration a giant Ponzi scheme if you like. Like you say when Germany falls the whole continent goes with it excluding Norway.
France is even worse off than Germany, Sweden is at the brink of civil war after they allowed mass migration, Netherlands is so divided they can't form a government and Poland lives off German money via EU and German companies creating Jobs in Poland. If German money dries up, Poland is the first country to go down. 😂
Nord Streams destruction means Germany’s decline.
@@stevesherman1743 shouldn't have built them in the first place. This was a deal with the devil. Should have kept nuclear power. Germans unfortunately are a lot less smart than are given credit for.
« Merkel was not able to imagine what could happen »… maybe she could have paid attention to warnings from politicians and expert from the UK, US, France, Poland, the Baltics who regularly warned that the first economy in Europe being so much dependant of Russia was not a good idea…
Aside from France those countries are being dependant on Russia themselves in various ways. Not to speak of the fact that the US did the same thing with China
President Trump Warned Germany Against using Russian Oil and Gas and to be more self sufficient and Merkel and the rest of the Politicians laughed at him and it turned out that he was right, thank God for Germany that she is out of the Picture because her politics has become a anchor for Germany and opening the borders for one million refugees was a big mistake and now there are calls for Germany to leave the Eurozone and if that happens, Europe will Collapse into chaos for decades to come.
If it is all it takes to ruin on of the world's biggest economies, than that''s pathetic.
Merkel didn't think Putin was that crazy. Her idea was that mutual dependencies are the best way to create stability. Russia needed Western technology and money just as much as the West needed Russian gas.
To be fair, that strategy helped cool down tensions between West Germany and the USSR for many decades. So why would Merkel have dropped that policy?
Do you remember when Europeans mocked Americans for threatening sanctions on Germany for Nordstream 2?
What great "allies".
After ww2, Germany is an American colony.
How can that be? I remember 2015 as a master student graduating in one of the better universities in Germany, the german banks and the media loudly envisioning an economic boom the next years due to all the engineers and doctors entering the country from the levante and africa. What happened? Greetings from the toblerone country.
Ah I guess censorship was not enough to keep the wheels spinning. Too bad.
Fun fact: Toblerone is no longer being manufactured in Toblerone country.
Banks and media - two of the riders of the apocalypse.
The green little people from their far away planet came to the reigns of power
I guess the doctors and engineers were exaggerating on their resumes
Germany had a terrorist attack earlier this week on an electric tower outside Berlin. Took out power to the Tesla factory, homes, hospital, etc.
Those sanctions an “decoupling” sure did backfire.
When the German coalition government decided to kill the "Gooses that lay the GOLDEN EGGS"; cheap Russian energies that had fuelled the German economy for decades, and decoupling/de-risking Germany’s #1 trade partner (China), the fate of the German economy is destined for the toilet. The German economy and by extension, the EU, has seen gone south and will likely stay in that direction for decades while the economies of the USA, Russia and China are projected to grow by leaps and bounds (3% - 5%) within the next 5 years.
How so? In the video they made it seem like the idea of decoupling came to late, and should of been implemented earlier. IE Cheaper Chinese EV's flooding the market, outselling the local German counter part because they can't compete on price.
@@samthesuspect China is able to put up tariffs as well, what would happen to EU goods in China then?
@@samthesuspect how can Germany enjoys prosperity if it sanction everything essential to its economic growth Russia used to be a major buyers of German cars too and Oil Iran Rich.
@@samthesuspect chicken and egg which comes first? they can no longer compete on price because of the US coerced loss of the advantage of cheap Russian energy, the the US coerced loss of the Russian car market, the US coerced distractions of having to divert German resources to the war effort, and finally the US coerced decoupling generally means less German cars produced in China that can be exported to USA (didn't you read about USA weaponized " Xinjang" to target Volkswagen, not limited cars). The US coerced decoupling of German companies based in China, also means a significant chunk of company resources are spent on "derisking" German manufacturing to less efficient countries or go back to expensive Germany - further impacting competitiveness and advantage. How to compete on price like that?
Am I insane, or have I seen this same video pop up across like five different channels in the past week?
This is modern CZcams for you, you will mostly find 10 videos on the same topic, yet no new perspectives on the issue
It seems to be bullshit shared around to incite spirits. The economy is actually doing well.
Yes.
It just shows there is someone behind the scenes pushing a narrative.
me too! And yes we Germans start to really complain about surging prices everywhere.
I have left Germany 14 years ago and sad to say, but I miss it *zero* ..
Fun fact, they tried to arm twist the RU to make gas even cheaper ( the whole spot price debacle 😅). How it turned out you know 😅
Yep.
Karma is a bitch 😆
Nothing is done quickly in Germany
Blitzkrieg
@@viktorianasyou beat me to it! lol
That's wrong. We're really fast at shutting things down without having a real concept, like atomic power plants because of an earthquake in Japan, coal power plants because climate, or the whole economy once there's a virus
That's strange how efficient they are?🙈🙈🤷🤷🤷
They cancel trains quickly...
Trying to protect german manufacturers by targeting Chinese companies is gonna hurt in the long term.
China with the largest domestic market will continue to innovate and leave their german counterparts in the dust if competition isn’t fostered.
The car manufacturers have not even tried to make an affordable EV. Making luxury vehicles when the avg person is tightening their wallet shows that they are out of touch with reality
Just the gov issue, cause by foreign politicians.
All the 4 largest cooperation already have many join investments in many China supply chain to continue riding the bus.
EVs are exploding all over the world. No death traps for me!
Right. The success of the VW beetle was due to its affordability to the masses. Which is why the brand is called "Volkswagen", it means People's car. Unfortunately, all of the VW cars have not been affordable by the average joe for ages. They only focus on rich ppl and luxury cars. For average joe the better choice was therefore a SEAT car. They used to offer the smallest car for just 10,000 EUR - and a model similiar to VW Golf, but with better design even called SEAT Ibiza for maybe 15,000. SEAT is a Spanish subsidiary of VW, means the cars do have VW motors and can therefore be repaired easily by any auto mechanic allover Germany/Spain etc.
I deliver and pick up packages for about 70 companies in germany from various sectors. I do that for 3 years, always same companies. I can tell you that number of packages decreased for about 20% in last year. In last 2 months even worse. And dont hire new workers. Not sure general public is aware how bad is getting.Especialy for industry and production.
Premium cars? After 100k they brake down? Prices drop by 30% once you leave the lot? Get out of here
Toyota!!!!! From you to your grandson 😂
Put a Merc badge on a goat & you could triple the price for it in some coutries
Why G7 falling ...
G7 meeting:
Focus On geopolitics for politicians interest.
To divide and create/amplify conflict in others home for weapon sales, exploit.
BRICS meeting:
Focus On economy for the people interest.
Food and better life for the people.
exactly... the problem is that the rest of G7 was fine before US started becoming insecure and plain nasty...seeking destruction
Germany shot itself in the foot.
Replacement of cheap Russia gas with more expensive alternatives was a big mistake.
Freedom isn’t free
All businesses are leaving Germany anyway. They are fucked. When you pay your gas 4 to 5 times the price you where used to, you cannot be competitive anymore and you have to leave.
Trump did a great job You’re buying Russian oil at the same time America buying record amounts o f Russia oil
Look it up it’s all there
Who could've guessed that a country relying on Russian oil and gas would struggle once the sanctions hit
It's hilariously tragic, but to each their own
Come on, it was REALY hard to predict.😂 I mean, just look at Baerbock, she isn't fit to keep on eye two drawn sheep.
It's a big part of the problem but by far not the only one. Bullshit things like CO2 taxation, increased toll for trucks, etc. hits us hard. Those idiots in our government already pay the price. Less and less people vote for them. Things are in a rough state currently.
Not to mention the stupid things the EU Parliament is doing
It doesn't matter. Same as the temporary hit Britain took leaving the EU. The overall, long-term strategic goal is to free yourself from external manipulation by undemocratic and fascist states led by tyrants.
*The current state of the economy is unduly difficult for most millennials, myself included. We've seen major increases across the board for rent, food and utilities; they are at least twice as high as a year and half ago. Talking about money, my primary concern is where to invest*
*Honestly i feel right now e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.*
A wise person must know that in order to build success, they must invest wisely and have the proper knowledge or guidance in the financial market.
*Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people*
It is not correct that the decision of the Federal Constitutional Court surprised everyone. Rather it is the case that the long-standing top officials in the Ministry of Finance, who, in contrast to the Finance Minister and his state secretaries, are not elected, but owe their position through their, often, decades of service in the Ministry of Finance, warned the Finance Minister and his entourage from the start, telling them that the Federal Constitutional Court would have to declare this budget draft illegal. However, for unknown reasons, the political leadership decided to ignore all of this advice - which turned out to be on spot very soon
too much power given to politicians..
Should Americans leave to let Germans figure it out?
The elites are so far removed nits incredible
Greetings from Germany. Here the price of electricity is now around 50c/kWh. This is a very high price and will create a lot of problems for many people who simply cannot afford it. No wonder that AfD is gaining ground in the polls. People are utterly fed up here.
Since 9 month I pay 26 cents in Germany. Many of my friends have the same up to 30 cents. Please notice that the German government put a price cap at 45 cents. Use price comparison tools.
19c here in LA county anytime but 4pm-9pm(peak pricing) weekdays
My contract is 0,31EUR and it's a fixed for 1 year. I could have applied for 0,26EUR flex. Don't say it's cheap, but let's take facts, not fantasies.
spätestens wenn man einkaufen geht sieht man wieso AFD ortsweise bei 30% steht 😂
Es ist noch viel Luft nach oben ...
Pretty accurate summary of the overall situation, the lack of thinking ahead by the leading politicians, the overreliance of many big Germany companies on those politicians and the ruling of the high Court in matter of the "Schuldenbremse" (from my p.o.v.).
Sadly the problem doesn't stop at the federal level but also applies to the governments of the single federal states or "Bundesländer" and locale governments. The relationship between these three entities can be more difficult than trying to follow game of multidimensional chess after six "Herrengedecke" (A beer and a shot). For example there is the so called "Konnektivitätsprinzip" which defines when the federal or state government has to provide actual funding for policies they want to implement on a lower political level . There are situations where a local government actually has to finance the implementation of a policy ruled by the federal or state government all by themself, because due to "juristic black magic" the upper political level does not need to provide any money which they often take advantage of, due to the tight debt rules and the debt ruling is often much more tight on the state or local level. (Imagine like someone ordering food for you in a restaurant, no matter if you wanted it or not and leaving you the bill)
Of course, this may sound like the situation is even much more worse, but on the other hand this can sometimes result into local governments, companies and other institutions having no other to rely on than themselves, resulting into them acting much more efficient and competent than any state or federal actor could. For example local SME working together with schools and local politicians in order to quickly integrate migrants into the local labour market or trying to develop the local potential of renewable energy. Of course this is not always the case and everything would be better with real financial support from the federal government instead of simply running on thin local resources and often nothing more than "good will" of single individuals. The situation is still "dire" but one should try not to lean to heavy into German doomerism. Germany should try to reinvent its own federal structures and try to focus more on the local level instead of upperclass bureaucrats in Berlin who make five figures a week and do not carry any responsibility.
Green ideologies, socialist parties and policies, shutting off power plants during an energy crisis, feeding and housing a flood of illegal and non-eligible asylum seekers, an aging population and low birth rates, the inability to attract foreign qualified workers, high taxation, a fiscal and financial crisis, non-competitive industry etc. etc. Good luck in turning that around. As Germany goes, so does the EU!
Skip ideals and use pragmatic (less popular) solutions like cut down expenses and reduce taxes
Nothing is "on the brink". The current crisis was at least a decade in the making and really cannot surprise anyone with two eyes open. Germany is in a phase in which massive know how is leaving the labour markets due to the boomers retiring (entirely predictable), a phase in which the artificially cheap Russian gas is no longer flowing (entirely predictable that this was going to end sooner or later due to the expansionist state terror of Russia), and its export machine to China stutters due to shrinking domestic demand in China (entirely predictable).
Germany must now solve its long standing issues concerning lack of investment in infrastructure and education, its developing country status concerning digitalization and modern public administration and solve its demographic crisis through a modern immigration law.
Some of these, the current government has actually tackled quite well and that's within Germany's biggest crisis since the end of the war. Others, the government seems not to want to tackle or not be able to due to internal struggles. This will come back to bite us because everything that doesn't get solved now will have to be solved down the line, just more expensive.
So this narrative that everything was so great 5 or 10 years ago and now has miraculously turned to shxxt may be an attractive narrative for a superficial online crowd, but 80% of what is happening now was entirely predictable 10 years ago. Main problem is similar to the UK's: Austerity in the 2010s when the money was cheap, and low productivity growth.
Excellent comment and to the point.
Thank you.
Russia isn't expansionist. It's defending itself. Germany should learn how to do that. It wasn't Russia that did Nordstream. There was nothing in this OP about Scholz being DCs lackey ..
Russia isn't expansionist. It's defending itself. Germany should learn how to defend itself from its key allies. The ones who did Nordstream
Russia has added three oblasts to itself. That is, by definition, expansionist. Given a collapse of Western support for Ukraine, Russia will expand across that entire country.
@Rob_F8F If you noticed, Medvedev recently showed a map of a potential future for Ukrainian territory. It was aimed at Poland and Romania taking large pieces of west Ukraine. Russia intends to create a border region buffer zone. This is defense. Not offense..
Toxic EU-Regulations and the phenomenal incompetence of the government are giving the economy a hard time at the moment. BUT, luckily we are living in a democracy and there will be both in Germany and the EU elections in the near future. 🇩🇪🇪🇺
Name one toxic EU regulation and tell us why EU is widely seen as THE regulatory superpower world wide.
@@TheSandkastenverbot
All ecology regulations.
@@TheSandkastenverbothey garden dweller. Even Borrell realizes the jungle is overtaking your imaginary paradise..
Banking is overregulated with climate and ESG stuff.
„Phenomenal incompetence of the government“ 💯💯
When you trust your allies too much ....
Finally a good video, Josh!
I'm German, and I can't even begin to tell you how frustrated I am with the decisions of ALL of our politicians, both those in power and those in opposition. Worst of all is the AfD; their rise worries me awfully.
ETA: And I have always disliked Ms. Merkel, now even more than before. Nearly all the problems we have to deal with now can be traced back to her!
Jetzt mal ehrlich bald kommen eh die Wahlen und welcher Partei wäre besser geeignet um überhaupt wenigstens das Land etwas besser zu machen als CDU? Merkst du nicht seit die CDU nicht mehr gewählt wurde wie viel Chaos es in den letzten 3 Jahren gegeben hat? AFD, Grüne und SPD sind die drei Parteien die DE nur noch kaputt macht.
The economic troubles inflicted on western countries is a direct result of integration with people from over a hundred countries because people will always wish to return to where they come from if living standards are not an issue. The lesson that the anglosaxon countries will never learn is that people who don't learn the lessons of the mistakes of history are destined to repeat the mistakes of history.
Nice analysis. I am a new subscriber to your channel.
Great Video!
It's wild, I have a technical skill and have look tirelessly at how to immigrate to Germany for family reasons. One thing the Germans love are their TAXES. They make it so unappealing to live there with their tax laws I just say screw it and fly back and forth more frequently.
Has anyone ever sat through a YT economic vid that didn't have a clickbait title and doom-scroll spin on contradictory information?
Is there any country at any time that couldn't be said to have huge problems it needs to solve?
The old joke holds true, "Economic experts have successfully predicted nine of the last five crises."
Best comment😂😂😂
😂😂😂
I would turn to Sharia law as becoming an Islamic state always fixes all economic and social issues.
If you are on the summit you catch a lot of wind.
You mention the difficulty of attracting skilled workers to Germany.
I work for a German firm, but I live in South Africa 😁
Perhaps racism effects profound in Germany.
Nobody wants to pay 45%+ tax income.
South Africa is a poor failed state, which is not doing well in anything
@@johannesaigner8501 You should visit! Somerset West may as well carve off a piece and proclaim it an unofficial Bundesland of Germany
The orange man bad warned them about getting reliant on Russian gas and they laughed in his face but they arent laughing now
And what would have been the solution? Buying expensive US energy?
He wasn't the only one to give them this warning. And other things Trump did with regards to Putin were let's just say less than helpful.
@@dagda3000
Poland did have a plan in place for this eventuality despite being very dependent on Russian gas themselves.
They built a pipeline to Norway and a regasification plant on one of their ports. Just in case Russia ever decided to pull the plug. They also considered but haven't yet committed to building nuclear power plants.
@@dagda3000 It's very obvious, Germany was the leader in Europe of renewable energy, aka Solar Energy, but they turned their back on it because they couldnt make them as cheap as Chinese, so they gave it completely.
Renewable energy is the cheapest form of energy generation, very low CAPEX, and very low OPEX, therefore fastest ROI.
Instead they chose a very expensive of energy generation were their CAPEX was tied to foreign fuel imports, big mistake. They should have invested in the grid, grid storage and renewable energy projects or at least gave tax breaks to investors to all of those.
But they took the easy way out and now they are paying the price
@@infidelheretic923 Possibly but it was the right decision which not carrying it out has back fired on the German economy, when once upon a time Germany was a leader in renewable energy ie Solar Panels
all that strength in both UK and German economies were based on specific geopolitical conditions, change the conditions change the results. It's another proof yet that economies are as efficient as conditions allow
From where I stand, it seems inevitable Germany will nosedive. I am early in my IT career and have had experience with a few German companies. They treat information technology like it's the factory of the 20c. Things are getting abstracted and complicated and it's painfully obvious they are not prepared. Like, I would go to my supervisor in an alleged startup and say "hey, this and this will improve the process or protect us" or something like that and they immediately shut everything down, protecting their comfort zone at any cost. No self-respecting foreigners will ever work for Germany, no matter how much money they throw at us.
My solution. I already have a job in Switzerland 💪 and will also move there.
Ja Grüzi, ich wollte gerade das selbe schreiben!
Switzerland is not exactly that safe either, economically speaking.
The ego will become ur end
thanks for the video. you missed that highly trained workers from germany are leaving in masses. already emigrated workers also almost never come back.
wages are too low, costs are too high, social expenses exceed 50% of the budget this year.
Who would've thought that importing criminal from other countries that hate you and don't want to work is a bad idea.
3rd largest economy in the world. Contracting by 0.3% per quarter. Still has massive production capacity. Primarily, its energy supply issue was a problem. Hardly collapsing is it?
Yeah you are right. Bit do you think anyone would click on a title like "Germany currently having some issues but not too bad from the actual numbers"
Click Bait ;)
@@toom2141 Lol yeah good point!
i agree with you, this is anti european propaganda by anglosaxon media, same thing against the eu on the verge of collapse
But it's worse as the terminal decline in ICE cars will kill the industry, that powers the EU
German car industry has no clue how to transition to EV's, which rely heavily on software to make them work efficiently.
The German car industry has at best 10 years of declining sales before it's all over
I was saying all this way back in 2019/20. In fact i probably comments on various videos on your channel, along with other economic channels. Economics isn't difficult, this issue is people look at the immediate problem, without assessing what happened in history in previous economies and the affects of similar policies to mitigate economic issues. I don't understand why people cannot do this, but i think economics is like tech people are scared of it and think it's out of their remit because of this
You mean the American nato exspansion Donbas Minsk just have a think it was not Russia that imposed the sanctions
its not one thing that led to this, there were a vast array of signs but people i would discuss it with would be skeptical and critical of me because in their eyes Germany was to big to fail and the leader of the EU and the EU couldn't fail, i knew i was right and i watched how people discredited me and even got angry at me, sanctions didn't help but like i say the signs were all over @@terryl858
Socialist politics and policies combined with green ideologies and high-level corruption never works.
I saw this coming in 2018 and I left the country.
@@FreeWanderingThinker you left the country, do you mean germany?
You should say banknotes not bills. Your content is always on point.
I chose not to purchase a German vehicle recently as i like to keep my vehicles a long time and was concerned about parts availability/costs in the future.
Germany is paying now for the stunningly stupid decision to close all of its nuclear plants, which couldn't have come at the worst time as it coincided with the war in Ukraine and the resulting skyrocketing energy prices. It's also paying for its short-sightedness regarding the car industry, namely being too slow to adapt to the hybrid and EV market. It's during a historic transition like this that companies stuck in their ways end up losing substantial market shares.
We are in a transition period. A big one! One that Germany still doesn't see coming. And it will hit hard, very hard.
It's called a "paradigm shift". The younger generation of Germans (the few that are left) is headed for bleak future. The older ones, those who have built the country to it's former glory, will soon be gone.
Housing or flat incentives could help increase the import of skilled workers, along with a generous vacation plan in my opinion. And also getting the word out that Germany has an excellent transportation system (reliable taxi and bus services) and travel system to skilled workers could increase hiring. Portable solar panel chargers are becoming more available and could be used to run laptops, portable heaters or charge cell phones, and power LED portable lights.
Excellent transportation system!? Have you ever traveled with Deutsche Bahn?
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Limit your harness on german shepherd 😂.......love from india ❤❤❤❤
Germany has been warned about depending on russian gas by the bad orange man...
And what was the potential solution? Buying more expensive energy from someone else?
@@dagda3000 Buying Oil originated from Russia, Assemble in India/etc.. Free Money for Third Party and More money to Putin makes Putin praise USA whole heartedly😅😅.What a world Politics.
Right, so that Germany buys expensive Oil from the US. So instead of high energy prices in 2022 it would have been high energy prices in 2018.
@@dagda3000 Uh, not closing down the nuclear industry for starters.
Diversify its sources, invest in nuclear power, search for deals and other pipelines coming from the caucasus or mediterranean and have in mind some basic geopolitics. And at the time the germans laughed. Sometimes germany's pragmatism is overshadowed by it's stubbornness, like being overly agressive against nuclear power. Greetings from Brazil @@dagda3000
I am a refractory engineer who build furnaces for industrial plants. Fuel is a MAJOR part of all industries. Cutting off your cheap source and buying overpriced fuel from USA is just economic suicide. By the way, China's industries are now benefiting immensely from cheap Russian gas.
A fiscal crisis isn't a economic crisis.
It's has a stupid system.... Avg netto salary of 2500 euro... Avg driving licence cost 2500 euro.
129€ for 90 min class 😥😥
WTF
That is a very strange example, but indeed the German net salary would need to be around 20.000 euros per month if it was in tune with productivity gains and such.
@@biosecurePM it's not a strange example. It's a strange country.
Free loaders get free housing and money to enjoy.
Tax payers need to pay 42% and no extra benefits.
Well you pay that once
@@sblbb929 if I have to pay once, it cannot be phenomenally high. Compare with other EU countries
Amateurs!
Cheap energy is necessary
America is doing well taking the manafactuing and technology from Germany never to return
G it's almost as if an ally destroyed their main energy source
That court ruling regarding the "missing" 60 billion Euros surprised absolutely no one. It was well documented and established that this would be the outcome, but the ruling coalition chose to ignore the multiple, explicit warnings that were issued a year or so prior.
you can thank Merkel
Wir schaffen das!
Die schaffen uns!
Ich möchte den Deutschen dazu gratulieren, dass sie sich für die Ukraine einsetzen.
@@ratamudkatana7038 Danke, aber wir sollten viel mehr machen.
Ihr zahlt uns die 100 Mrd dann mit Zinsen zurück, okay?
Kann es kaum erwarten, bis Deutschland die Wehrpflicht wieder einführt, damit ihr alle uns in der Ukraine beitreten könnt@@ishotuknok
You're spot on.
Maybe, just maybe they can stop putting plastic in the cars. I know it runs smoother, but man, it's a pain down the road.
Well to make one thing clear! Germany still performs much better than the UK ;) Just saying...
Yes that's correct. The UK though, was fully de- industrialised decades ago, and made a transition which Germany is just starting out on. Plenty of de-industrialisation pain ahead for Germany.
@@Purple_flower09 No, that is a process that started at least 10 years ago. Most German cars are not produced in Germany. They are produced in China, the US & Eastern Europe.
It’s similar to Apple: „Designed by Apple in California. Assembled in China“ (That’s what is printed on the back of Apple devices)
UK is not Vassal to US as much as Germany. nordstream
Seems like euro going down
@@benjaminh.7698 That's kind of a stereotype, Cars are not actually the bulk of German industry. Not even 15%. It's actually fintech and chemicals, which Germany still does well in. I.e. TMSC opened new Chip production plant in Germany due to alot of the robotics and high end production being there in the region.
I remember Trump warning germany of thier reliance on Russian gas and they were just laughing at him. Now their arrogance came to bite them.
They laughed because cutting dependence on Russian gas make them dependent оn more expensive American gas.
@@vladimirgineyev922 No, Qattar, UAE would salivate to get into the german market, not just american. It was german arrogance, plain and simple.
@@Tonius126 you mean they compete with China on Qatar and UAE gas market. That's unreliable unlike US gas market.
@@vladimirgineyev922 it would have still diversified German gas sources. Correct or no? Arrogance is their downfall.
This was not the only argument he brought. He said also that Germany is by this funding Russia by doing so. One has to state that this argument was also mentioned in the US Congress. Is however bullsh*t as Germany had no trade deficit with Russia, while the USA had one.. Notably by buing cheap oil from Russia. So far for "funding".
They should be figuring why the car manufacturers weren’t trying to take EVs seriously earlier on and find similar sentiments and attitudes in the rest of the economy
Tbh surprisingly sounds like German economical problem share a lot of similarity with Hong Kong current situation. Did all the foreign capital flow into Japan and India or what?
I’m actually quite frankly upset with German brands, my grandpa loved how the German garden/workshop German tools were.
Now I buy the same brand I get some Chinese plastics with a German sticker that fall apart immediately.
One year ago I bought one pair of branded “German” shoes 250€ at an airport boutique, I’ve used them twice, the third time the sole completely unglued from the shoe.
I’m using Taiwanese made shoes now, they won’t last but they are 19€.
Eh my entire life I never understood why German branding meant anything. It was always worse quality.
For us it was Japanese stuff. But now even the Japanese quality is going down. Bought a Honda for example. Terrible compared to the Toyota I had.
But even Toyota is having issues with new models.
Seems like everything will always get worse as markets reach maturity and have no more ways to grow, thus leading to cost cutting and poor materials.
@@baronvonjo1929 I have been waiting for the opportunity to buy a famous American bowl (made of porcelain + glass) for 5 years, and finally happened upon it. I went home and unboxed it, and it turned out that the bowl was oval.
You do not buy german clothing, you buy french or italian ones. Who taught you to buy german clothing? If you buy cheap tools, they are always chinese. No big surprise there. Problem is that you do not get good quality for little money anymore. These times are past.
@@MagMar-kv9ne I sadly agree, yet I think it's a problem because every one before committing in expensive purchases starts with smaller ones. If the smaller products are bad the earnings are tiny but the reputation damage is high and prevent the customer to spend larger tickets.
Remove a couple of pipes, and you will move business (and professionals ) in the right direction 😉 ( into the US)
U s must be laughing at Germany privately
@@terryl858 We are. No sympathy for them here. They're more arrogant than the French surprisingly.
@@medraut6599
You're a victim of propaganda.
@@terryl858only because Trump (who is not our best) tried to warn you, and you laughed at him instead of listening
@@danamania150 so why are you still buying Russian oil indirectly from india
Leaving clean nuclear was suicide
Yeah well let's just not forget about the heavy state subsidies for Chinese car manufacturers, tax discounts etc.
AUF DEN DOPPELWUMMS UND DAS GRÜNE WIRTSCHAFTSWUNDER JUNGS 💪🏻🤝🏻😂
Ricarda Lang hat nur den Speiseplan in der Uni studiert und solche wie sie regieren unser Land 😂
The infantile language of the German top politicians says it all...
Du hast die Kugel Eis noch vergessen 😂
The German economy as such is in serious trouble, but this does not necessarily extend to the DAX-listed companies, most of which are multinational enterprises. This allows them to relocate production to countries where energy costs are lower and skilled labor is more readily available. For example, chemical giant BASF recently announced that it will downsize operations in Germany, but invest an additional €6.5 billion in China.
I d agree with the 3 points made.Didnt know about the rest.Already had realized Germany will be hit harder with the energy crisis.They rely on industry, and that requires a lot of energy.Add the low temperatures that require a lot of heating and losing the cheap energy is a disaster.Doesnt help that many young Germans dont work or study (they have a term made for em but cant remember it)when the country seriously needs workers.
germany economy is in trouble because aging population , lack of workers, too much of immigration from war torn countries, low wages, handouts to them , rising cost of production , covid , russia ukraine thing which led to no access to cheap russian oil directly , and lastly baerbock foreign policy which will further accelerate germany to deindustrialization . india will eventually take over 3 rd spot in short term
Ahh yes baerbock! I knew it!😂
@@bonjoe1758 Huuuuhhh! Could it really be possible for a country of 1.4 billion people to sooner or later develop a larger economy than a country of 83 million (=0.083 billion) people? Unbelievable! Fascinating! I'm excited!
How those migrant workers working out
Me and few of my friends with PhD degrees in engineering have been trying to apply for job in Germany for more than year. Up to now no one has been successful.
I'm sorry to hear that as a German.
German companies really struggle with integrating foreign workers into the market.. If you don't speak German well enough, it's too much of a hassle even trying to accomodate someone who'd otherwise be perfect for the company.
They always cry about lack of skilled workers, but can't be bothered to change so skilled workers would want to work for them. And even then they are really picky and would rather overwork their current personnel than to make changes. It sucks for everyone involved.
Not every company is like that, but the good ones most likely have their positions filled already, since they made the beneficial changes and don't struggle with the described issues.
China also has rare earth metals required for EV batteries, whereas Germany has to source and import them.
Germany also has lithium. But some ecoactivists will eventually block its extraction
rare earth metals is not that rare. We in Europe have them. But we are too lazy and complacent to extrac them. Yet.
I don’t see any problems. Plenty of mosques are being built.
When you sacrifice your economy for the US war on China.
China started the war by going mad and trying to rule the world
What war??