the article fails to mention Nordstream, natural gas, or pipelines, but in the last paragraph it passively phrases it
Bloomberg Economics estimates that the bulk of the shortfall will be tough to recover, due to structural blows such as the loss of cheap Russian energy
maybe in another two years the Germans will find the dignity to name their own vassalage
The whole Nord Stream things has been so surreal. Everybody with a functioning brain understands that pipeline being blown up is a major reason for the economic woes Germany is having. Yet, nobody in western media can talk about the elephant in the room, or who most likely committed the biggest act of industrial terrorism in Europe since WW2.
Everybody with a functioning brain understands that pipeline being blown up is a major reason for the economic woes Germany is having.
Because it fucking isn’t. It wouldn’t even breach the top 20 reasons, most of which are the result of being ruled by austerity obsessed neoliberal neocon ghouls for the last twenty years and by vintage conservative ghouls for the longest time before that.
Sure, the system itself is obviously the underlying problem here. However, within the scope of this fucked up system, the input costs for manufacturing going through the roof is a trigger to the current economic shock. Companies are using rising input costs as an excuse to move industry out of Germany.
As long as american troops and cia sites are plastered throughout the country they never will. Besides the country has been going downhill since the 90s when they embraced eternal austerity and neoliberalism.
I say once more: austerity is important. debts always have to be paid back. otherwise you’re throwing future generation under a bus. why would they suffer so?
No, debts don’t always have to be paid back and that’s not the way things have typically worked throughout most of human history actually. Insisting all debts be paid back regardless of the cost to society is a concept even newer than capitalism itself, so a handful of generations. Austerity fucks over everybody, especially the future generations.
austerity is important. debts always have to be paid back
The European Central Bank can literally create at a keystroke the Euros that most European countries are indebted in. EU countries incurring in debt is a consequence of the arbitrary 3% deficit limit imposed during the previous century, which was decided in a 5-h meeting by a set of politicians who didn’t understand economics, based on a study that has since been disproven (there were errors in the excel sheets used for the calculations of the article). Austerity is consistently harmful and monetarily unnecessary, especially when denominated in the country’s own currency (as is the case of most developed countries).
the article fails to mention Nordstream, natural gas, or pipelines, but in the last paragraph it passively phrases it
maybe in another two years the Germans will find the dignity to name their own vassalage
The whole Nord Stream things has been so surreal. Everybody with a functioning brain understands that pipeline being blown up is a major reason for the economic woes Germany is having. Yet, nobody in western media can talk about the elephant in the room, or who most likely committed the biggest act of industrial terrorism in Europe since WW2.
Because it fucking isn’t. It wouldn’t even breach the top 20 reasons, most of which are the result of being ruled by austerity obsessed neoliberal neocon ghouls for the last twenty years and by vintage conservative ghouls for the longest time before that.
Sure, the system itself is obviously the underlying problem here. However, within the scope of this fucked up system, the input costs for manufacturing going through the roof is a trigger to the current economic shock. Companies are using rising input costs as an excuse to move industry out of Germany.
As long as american troops and cia sites are plastered throughout the country they never will. Besides the country has been going downhill since the 90s when they embraced eternal austerity and neoliberalism.
I say once more: austerity is important. debts always have to be paid back. otherwise you’re throwing future generation under a bus. why would they suffer so?
No, debts don’t always have to be paid back and that’s not the way things have typically worked throughout most of human history actually. Insisting all debts be paid back regardless of the cost to society is a concept even newer than capitalism itself, so a handful of generations. Austerity fucks over everybody, especially the future generations.
The European Central Bank can literally create at a keystroke the Euros that most European countries are indebted in. EU countries incurring in debt is a consequence of the arbitrary 3% deficit limit imposed during the previous century, which was decided in a 5-h meeting by a set of politicians who didn’t understand economics, based on a study that has since been disproven (there were errors in the excel sheets used for the calculations of the article). Austerity is consistently harmful and monetarily unnecessary, especially when denominated in the country’s own currency (as is the case of most developed countries).