50 percent of Germans believe that the Federal Republic will no longer be one of the world's leading economies in ten to 15 years. 58 percent of business executives said that Germany has passed its zenith. 68 percent of the population see a lasting weakening of industry – a similar number considers this to be a major problem. 76 percent of executives also consider the concern that high energy costs will lead to deindustrialization to be justified. Only 41 percent of respondents still believe that Germany is a very good business location – a dramatic drop compared to 2022.
  • NothingButBits
    112·
    1 year ago

    Only 41 percent of respondents still believe that Germany is a very good business location

    Dang… Well I’m sure if you wave those blue and yellow flags with more intensity those problems will fix themselves.

  • jlyws123
    6·
    1 year ago

    It is indeed a financial nuclear bomb, but aimed at the wrong target.

  • cfgaussian
    71·
    1 year ago

    We’re already in an economic crash. Industry is fleeing at breakneck speeds and the country is on life support thanks to energy subsidies from the government but only at a completely unsustainable budget deficit (on top of the EU now having a giant deficit and demanding more must be paid to be sent to Ukraine), and due to the inherently liberal constitution of the Federal Republic of Germany, not to mention having to abide by the even more neoliberal rules of the EU. The state is literally not allowed to employ the kinds of economic measures which a country that has an independent economic policy would use in such cases to empower its state to do what is necessary to fix the situation, such as nationalizing the energy industries. Germany is shackled to free market economics by its own US written constitution that was forced on it after WW2 and by the US devised trap of the EU that makes any sort of socialism basically illegal. The irony being that the US itself of course has no scruples about taking the kinds of economic and financial measures that it itself forbids its “allies” (read: vassals) from employing, including liberal currency printing, economic protectionism and more. And i can’t say that we don’t deserve it, the US is just doing to us what we did to Greece when they were in trouble some years ago. That’s the imperial pecking order.

    • Avnar
      2·
      1 year ago

      Deficit is only a problem if you impose abitrarry limitation on your spending like the Dept sealing in the US or the “Schuldenbremse” in Germany.

      • cfgaussian
        21·
        1 year ago

        I mean yeah, true, but the bigger problem here is not deficit spending but rather that at some point the actual supply of sufficient energy will simply no longer be available regardless at which price. You can spend all the money you like but that doesn’t make more goods or electricity appear magically out of nowhere.

        So looking at this in terms of money and price is a liberal way of thinking, what really underlies all of this is material reality and physical availability.

  • COMHASH
    21·
    1 year ago

    Fucking krauts… Good for Nazi EU.