Die exportorientierte deutsche Wirtschaft leidet besonders unter den hohen Energiepreisen. Industrievertreter fürchten, dass zahlreiche Unternehmen abwandern. Die Politik müsse gegensteuern – sonst bewege sich Deutschland „ungebremst auf einen gefährlichen Wendepunkt zu“.
Last I checked, the facts are that Germany lost access to cheap energy and this makes input costs for production go up dramatically. Since you’re claiming that German industry moving to markets where production costs are more competitive is BS, perhaps you can explain how you think German industry will stay competitive with China and US.
The article you linked is mostly about France and French protectionists policies about trying to save their mostly irrelevant car industry in a shrinking market where other nations like the US and Germany are pumping subsidies into their local companies. This has very little to do with Russian gas, and frankly speaking there are way too many car companies anyways so a correction of the market is long overdue.
I would suggest you start posting more about Canada, because you quite clearly have no idea what is going on in Europe right now.
I would suggest that you either address the actual points being made. This has everything to do with Russian gas. And anybody with a shred of intellectual integrity understands that an industrial nation like Germany needs access to cheap energy in order for its industry to function. You keep dancing around the elephant in the room here bud. And if you genuinely don’t understand this then you’re the one who has no idea regarding what’s going on in Europe right now.
Please read the article again. You clearly did not understand what it is about. Sure, lack of cheap gas is one of many factors causing economic problems right now, but this is neither what the article you linked is about, nor is it the main issue.
You seem to have some sort of strange obsession with German/EU industry being totally dependant on Russian gas, which is mostly a right-wing talking point and the part that is indeed impacted by rising energy prices is exactly the part that has been sleeping on global developments and needs to urgently innovate regardless of availability of Russian gas or not.
Please read the article again. You clearly did not understand what it is about.
The article says that the US is using the energy crisis in Europe to entice industry to move from Europe to US by providing subsidies while also having cheaper energy access.
You seem to have some sort of strange obsession with German/EU industry being totally dependant on Russian gas, which is mostly a right-wing talking point and the part that is indeed impacted by rising energy prices is exactly the part that has been sleeping on global developments and needs to urgently innovate regardless of availability of Russian gas or not.
You keep dismissing basic fact that 60% of the energy Europe was getting from Russia has no readily available replacement as a “right-wing talking point”. Calling it that doesn’t change the fact that it’s a correct point. Germany, is the industrial hub of Europe, and that’s precisely why it’s most affected by the incredible energy prices resulting from Europe being cut off from cheap energy.
You can’t urgently innovate your way out of this problem. Any alternative infrastructure will literally take years to build, and will require massive amounts of energy to do so. It’s frankly embarrassing that you can’t understand this.
The only people who refuse to accept this talking point are the war hawks who want this war to last as long as possible, which is the camp you’re evidently in.
Again you blatantly fail to understand EU politics, this is just a roundabout way of how the French complain about Germany unilaterally subsidizing their industry and buying fighter jets from the US instead from France.
There is currently a global economic down-turn caused by many factors, one more minor being the stop of cheap energy exports from Russia to central Europe. But the much larger factor is the ongoing impact of the global pandemic and especially the economic issues in China caused by that. In this negative economic environment, companies that have unsustainable and outdated business models are going to fail, and that is what this entire fuss is about. This is a long overdue market correction that is IMHO good and will result in a stronger economy in Europe in the medium term.
And yes, I stand by my point that this is a right-wing talking point and “Die Linke” has been recently fishing for right-wing votes as everyone in Germany knows. You show your total lack of understanding of European politics again ;)
P.S.: I am against the war in Ukraine and hope it will end as soon as possible. But even without the war in Ukraine this problem of unsustainable and outdated business models would have come up sooner or later and I am glad that it is highly unlikely that cheap gas imports will resume if/when the war in Ukraine ends.
Again you blatantly fail to understand EU politics, this is just a roundabout way of how the French complain about Germany unilaterally subsidizing their industry and buying fighter jets from the US instead from France.
Again, you blatantly misrepresent what’s happening which is that EU countries are now realizing that US is creating subsidies which makes it hard for European industries to compete. Both France and Germany are scrambling to come up with some kind of a response.
There is currently a global economic down-turn caused by many factors, one more minor being the stop of cheap energy exports from Russia to central Europe.
The amount of dishonesty it takes to claim that the stop of cheap energy from Russia i a minor factor is frankly astronomical. Meanwhile, the whole global economic downturn is largely rooted in the economic war between the west and Russia.
In this negative economic environment, companies that have unsustainable and outdated business models are going to fail, and that is what this entire fuss is about. This is a long overdue market correction that is IMHO good and will result in a stronger economy in Europe in the medium term.
I’m assuming that you’re calling industry and manufacturing outdated business models here. The entire fuss is about the fact that lack of cheap energy means that costs of production in Europe are far higher than places like China or even US. Since we live in a global economy, European companies are directly competing against companies in other countries that have access to cheap energy. I hope that clears things up for you.
And yes, I stand by my point that this is a right-wing talking point and “Die Linke” has been recently fishing for right-wing votes as everyone in Germany knows. You show your total lack of understanding of European politics again ;)
Again, the point is entirely correct regardless of how you choose to smear it. Industry closing down leads to unemployment and reduced spending. Capitalist economy traditionally goes into a crisis of overproduction when that happens. No reason to expect anything different to happen this time around.
I am against the war in Ukraine and hope it will end as soon as possible. But even without the war in Ukraine this problem of unsustainable and outdated business models would have come up sooner or later and I am glad that it is highly unlikely that cheap gas imports will resume if/when the war in Ukraine ends.
You’re right, capitalist economic model is outdated and unsustainable. These problems have been building for many decades, and your political class deferred addressing them into the future by playing games like doing QE. The pandemic and the economic war are acting as a catalyst that’s forcing all the accumulated contradictions to the surface. Hand waving over the current problems by saying that it’s all for the greater good in the future is not useful for dealing with the crisis.
“My” political class? Now you are doing the ad-hominem and it is quite ridiculous as you are the one claiming the lack of alternatives to the status quo. Oh and what is it? A “crisis of over-production” and a “break down of industry due to lack of cheap energy inputs” can not be true the same time, even in outdated Marxist economic models.
I meant the political class of your country. And of course these things can be true at the same time. Once again, companies are global and they already do plenty of manufacturing outside of Europe right now. The collapse of the consumer market in Europe is hurting these companies. Rising energy prices in Europe are precisely what’s driving this. Also, adorable that you think Marxist economic models are outdated. Presumably, you think that producing things like food, energy, housing, infrastructure and other things that people need are outmoded concepts. 😂
Well, if that’s a right-wing tabloid, why don’t you address what politico is saying here then https://www.politico.eu/article/eu-hits-emergency-button-to-save-european-industry/
Last I checked, the facts are that Germany lost access to cheap energy and this makes input costs for production go up dramatically. Since you’re claiming that German industry moving to markets where production costs are more competitive is BS, perhaps you can explain how you think German industry will stay competitive with China and US.
The article you linked is mostly about France and French protectionists policies about trying to save their mostly irrelevant car industry in a shrinking market where other nations like the US and Germany are pumping subsidies into their local companies. This has very little to do with Russian gas, and frankly speaking there are way too many car companies anyways so a correction of the market is long overdue.
I would suggest you start posting more about Canada, because you quite clearly have no idea what is going on in Europe right now.
I would suggest that you either address the actual points being made. This has everything to do with Russian gas. And anybody with a shred of intellectual integrity understands that an industrial nation like Germany needs access to cheap energy in order for its industry to function. You keep dancing around the elephant in the room here bud. And if you genuinely don’t understand this then you’re the one who has no idea regarding what’s going on in Europe right now.
Please read the article again. You clearly did not understand what it is about. Sure, lack of cheap gas is one of many factors causing economic problems right now, but this is neither what the article you linked is about, nor is it the main issue.
You seem to have some sort of strange obsession with German/EU industry being totally dependant on Russian gas, which is mostly a right-wing talking point and the part that is indeed impacted by rising energy prices is exactly the part that has been sleeping on global developments and needs to urgently innovate regardless of availability of Russian gas or not.
Please read the article again. You clearly did not understand what it is about.
The article says that the US is using the energy crisis in Europe to entice industry to move from Europe to US by providing subsidies while also having cheaper energy access.
You keep dismissing basic fact that 60% of the energy Europe was getting from Russia has no readily available replacement as a “right-wing talking point”. Calling it that doesn’t change the fact that it’s a correct point. Germany, is the industrial hub of Europe, and that’s precisely why it’s most affected by the incredible energy prices resulting from Europe being cut off from cheap energy.
You can’t urgently innovate your way out of this problem. Any alternative infrastructure will literally take years to build, and will require massive amounts of energy to do so. It’s frankly embarrassing that you can’t understand this.
edit: also, stop pretending this is exclusively right wing talking point, unless you’re claiming Die Linke is right wing https://www.peoplesworld.org/article/die-linke-lawmaker-russia-sanctions-causing-social-and-economic-catastrophe-in-germany/
The only people who refuse to accept this talking point are the war hawks who want this war to last as long as possible, which is the camp you’re evidently in.
Again you blatantly fail to understand EU politics, this is just a roundabout way of how the French complain about Germany unilaterally subsidizing their industry and buying fighter jets from the US instead from France.
There is currently a global economic down-turn caused by many factors, one more minor being the stop of cheap energy exports from Russia to central Europe. But the much larger factor is the ongoing impact of the global pandemic and especially the economic issues in China caused by that. In this negative economic environment, companies that have unsustainable and outdated business models are going to fail, and that is what this entire fuss is about. This is a long overdue market correction that is IMHO good and will result in a stronger economy in Europe in the medium term.
And yes, I stand by my point that this is a right-wing talking point and “Die Linke” has been recently fishing for right-wing votes as everyone in Germany knows. You show your total lack of understanding of European politics again ;)
P.S.: I am against the war in Ukraine and hope it will end as soon as possible. But even without the war in Ukraine this problem of unsustainable and outdated business models would have come up sooner or later and I am glad that it is highly unlikely that cheap gas imports will resume if/when the war in Ukraine ends.
Again, you blatantly misrepresent what’s happening which is that EU countries are now realizing that US is creating subsidies which makes it hard for European industries to compete. Both France and Germany are scrambling to come up with some kind of a response.
The amount of dishonesty it takes to claim that the stop of cheap energy from Russia i a minor factor is frankly astronomical. Meanwhile, the whole global economic downturn is largely rooted in the economic war between the west and Russia.
I’m assuming that you’re calling industry and manufacturing outdated business models here. The entire fuss is about the fact that lack of cheap energy means that costs of production in Europe are far higher than places like China or even US. Since we live in a global economy, European companies are directly competing against companies in other countries that have access to cheap energy. I hope that clears things up for you.
Again, the point is entirely correct regardless of how you choose to smear it. Industry closing down leads to unemployment and reduced spending. Capitalist economy traditionally goes into a crisis of overproduction when that happens. No reason to expect anything different to happen this time around.
You’re right, capitalist economic model is outdated and unsustainable. These problems have been building for many decades, and your political class deferred addressing them into the future by playing games like doing QE. The pandemic and the economic war are acting as a catalyst that’s forcing all the accumulated contradictions to the surface. Hand waving over the current problems by saying that it’s all for the greater good in the future is not useful for dealing with the crisis.
“My” political class? Now you are doing the ad-hominem and it is quite ridiculous as you are the one claiming the lack of alternatives to the status quo. Oh and what is it? A “crisis of over-production” and a “break down of industry due to lack of cheap energy inputs” can not be true the same time, even in outdated Marxist economic models.
I meant the political class of your country. And of course these things can be true at the same time. Once again, companies are global and they already do plenty of manufacturing outside of Europe right now. The collapse of the consumer market in Europe is hurting these companies. Rising energy prices in Europe are precisely what’s driving this. Also, adorable that you think Marxist economic models are outdated. Presumably, you think that producing things like food, energy, housing, infrastructure and other things that people need are outmoded concepts. 😂