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True, but you sacrifice global competitiveness if you force a company to operate uneconomically, and Germany is an export-driven nation, even more so if German
by scottLobster 4y ago
True, but you sacrifice global competitiveness if you force a company to operate uneconomically, and Germany is an export-driven nation, even more so if German consumers are being eaten alive by inflation.
Not that said countries won't try or that the industries are leaving tomorrow, but at the end of the day the energy has to come from somewhere, and every day it doesn't those businesses are losing money, or the taxpayers are losing money subsidizing them. In the worst cases you end up like that Soviet company that exported industrial furnaces to then West Germany and was held up as a bastion of Soviet global competitiveness, when the West German buyers were literally melting down the furnaces for the raw metals because they were just so cheap and the metals so comparably valuable in the global market.