Quote:
Originally Posted by kraznyi_oktjabr
Taking into consideration what happened last time when German economy collapsed I would prefer not to be anywhere nearby you (Germany) when that happens.
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The economy collapse is made even more likely due to Germany's big archilles heel - its vital dependency on exports. If a certain part of these exports suddenly are no longer given, say China pushes us out of according market segments, this inevitably causes income losses for Germany that will make themselves felt as a cascade throughout the full economic, tax-, social system. From a certain critical treshhold on, these cascading effects will unfold a self-dynamic by which they increase all by themselves even without further energy added from outside. And then we will go at increasing pace where Greece is today.
Just that there is nobody willing - and even less: able - to bail Germany out.
This also will be the dying-hour of the EU and the damn Euro, for Germany as the most important and prominent financnier of the EU and the Euro, no longer will be able to fulfill that role.
We still deliver the Chinese the know-how by which they become able to not only to compete with us, but to out-produce us. They even benefit from many of our own national, misled subsidies. And we still pay them developement aide.
I cannot understand why people still do not see these links and these future scenarios. Sinn in the essay above describes something that by detailed knowledge I did not say myself since I lacked the detailed background info,
but by principle mechanism I criticised since several years. But I don't think I am that ingenious, actually these things are quite simple, in principle. So I think those having the helm instead are too stupid, and suffer from massive tunnel-vision and denial of reality. They hide behind micro-details and thus do not see the greater contexts. Also, since they allowed things to detoriate this far, I think they also are more or less out of control by now.
Means: we are beyond the point of no return.
And there are more exmaples of typical German follies and self-betrayal in our innerpoltiical scene, from house-reonovations over climate policy to subsidies for solar panels that directly foster the Chinese competitors.
But the only thing that tops our self-betrayal is our unbearable missionary spirit by which we still mean to save the whole planet while our home already falls apart.
