Poor Germany cant get a break.
After flushing the car industry down the U-bend, Tyssen-Krupp has announced plant closured and up to 11 thousand to be laid off.
In the seventies and eighties it was workers from Britain coming to Germany looking for for work, now it may be the other way round.
Looks like I picked the wrong time to be in Germany coming up to my sell by date in another three years and four months.
Well, this is what the de-growth, de-industrialization movement want.
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Yeah! But Bosch, Siemens, Schöffel etc, etc. All going, going, gone.
And that wanker Harbeck is talking about debt financed assistance to industry in the billions.
Unsurprisingly, everything that depends on automotive is having very difficult times. Steel is particularly bad, and frankly always has been a shitty, low-margin at best, overleveraged industry that for some reason politicians never wanted to let die.
In my view, (part of) the answer is cutting excessive regulations in both Berlin and Brussels, cut government spending for renewables and roll back some climate targets that are nonsensically out of sync with EU targets and/or clearly do no good for the global climate yet damage German industry. Probably some generous welfare programs and comfy union tariffs will also have to be touched. There also might be need for an investment strategy that requires some debt-financing.
But the main problem is that Germanyâs âexportâ business model has been built on relentless globalization and these times are over.
PS: Donât we already have one or two âGermany sucksâ threads where this could belong? Especially given the silly title.
Awww! Come on. It took me ages to come up with the title.
click-bait, Kumpel.
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Thanks for that OakbrookIL, I didnât even get the title.
Plus slammer is falling more and more into the the German language - I know a few here who wonât like that.
I think I spider and my pig is whistling. There must I up fitting that that not a habit becomes.
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Iâve ignored him/her and no longer read their posts.
I am insulted that even after all this time you donât know that I am a big hairy guy.
But Pat âBomberâ Roach has been dead for 20 years.