This reminds of a certain Peanuts cartoon about kicking the football.
From February 2022:
From December 2022:
From March 2023:
From August 2023:
DB2
6 Likes
Not too surprising. Germany is still recovering from the economic impact of Covid and now Ukraine increases the need for military spending while increased energy costs slow the economy.
A thorny rock and a hard place. Some adjustments expected and necessary.
3 Likes
The little I have heard on NPR about the German situation(s) Scholz is the wrong man in the wrong job. He is not forming a capital policy on the conservative side of things. He wont last. JMO
Let’s have Germany take one for team capitalism.
Remember we spent a lot on defense with supply side econ. We just spent a lot less on industrial infrastructure. We called ourselves successful because anyone who lied to us let us forget things sucked for most Americans.
Germany will need a military industrial complex to survive economically.