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> Its material infrastructure outsourced to China/Asia https://en.wikipedia.org/wiki/Economy_of_Germany https://en.wikipedia.org/wiki/Economy_of_Germany
by EdwardDiego 4y ago
> Its material infrastructure outsourced to China/Asia
https://en.wikipedia.org/wiki/Economy_of_Germany https://en.wikipedia.org/wiki/Economy_of_Germany
- nologic01 4y agoNot sure what the link proves... it is true that Germany still has a substantial and sophisticated manufacturing base, but it does not innovate in ways that would show up in market valuation tables such as the one being discussed here. The panic around the discontinuation of internal combustion tech is case in point. There are examples of European technological leadership (e.g Dutch ASML) but they are scarce. Many other powerhouse regions (e.g Northern Italy) that used to be important innovators have been hollowed. In critical areas such as the green energy transition (which is a top-priority goal of the EU) the EU as a whole is a net importer from China. https://ec.europa.eu/eurostat/statistics-explained/index.php?oldid=551639 https://ec.europa.eu/eurostat/statistics-explained/index.php...
- EdwardDiego 4y agoIt proves that Germany still has a massive industrial base, which is contrary to your assertion.