The ‘Sick Man’ of Europe marches steadily along.
Underrated that Germany has gotten, essentially, every major decision of the 21st century wrong.
Reliance on Russian energy. Significant underinvestment in infrastructure. Refusal to deficit spend. Belief that China wouldn’t leverage their “partnership” to develop its ownβ¦ https://t.co/xIC5ebXWXX pic.twitter.com/j1kMTX6Syi
β Hunterπππ (@StatisticUrban) November 28, 2024
And Volkswagen is the symptom of the week.
Back in September, after the disastrous regional election results (especially for the Green party), word came that VW was, for the first time in its history, considering shutting down plants.
…Word was also breaking this morning concerning more Green deleterious effects on the German economy, which vindicates every single populist vote. For the first time since they were founded 87 years…