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Germany doesn't have the resources to take on anything. They have a shrinking economy and a rapidly aging population.
by fooker 3y ago
Germany doesn't have the resources to take on anything.
They have a shrinking economy and a rapidly aging population.
- sMarsIntruder 3y agoEnergiewende unfortunately will give the fatality to the economic system. Problem is: a weak Germany is a problem for the current European economic balance.
- throwbadubadu 3y ago> will give the fatality to the economic system. When?
- f1shy 3y ago10 to 15 years
- kuerbel 3y agoWell, just like how some conspiracy theorists claim people will die from COVID shots 'soon,' but keep adjusting the date, we can expect the Energiewende 'fatality' to happen right around the same time that elusive 'soon' arrives! You know, always on the horizon but never quite here. ;-)
- nickik 3y agoIts of course always nonsense to talk about 'fatality' as the people are still there and the economy will not just stop. But lets not pretend the lackluster growth isn't related to issues with energy.
- ben_jones 3y agoWhen Star Citizen is released
- V__ 3y agoWhy would it?
- croes 3y agoSo far, only the government's protracted energy transition under Merkel has harmed the economy because it was too dependent on Russia.
- nickik 3y agoIt was too depended on shutting down their green energy fleet.
- f1shy 3y agoAnd very bad management in many important and or critical companies which are the pillars of the economy. I can confidently say: some very big companies will go bankrupt starting next year.
- maigret 3y agoThis might not necessarily be a bad thing. Will create manpower to create new companies more future proof.
- f1shy 3y agoTotally agree, but the meantime will not be funny. And the millions wasted to try to save these companies (money from the while EU, not only Germany) will be lost, and not used in more sensible things.
- TMWNN 3y agoAre they in industries that are very energy-intensive, or depend heavily on petrochemical feedstock?
- lispm 3y agoFunny, Germany just now has the world's third largest economy (GDP), an achievement with slightly over 80 million people... https://i.redd.it/uxeq0v67ketb1.jpg https://i.redd.it/uxeq0v67ketb1.jpg
- adventured 3y agoIt's definitely not funny. Germany's GDP is estimated at $4.4 trillion for 2023. In 2008, the high before the crash, it was $3.7 trillion. Inflation adjusted that should be $5.4 trillion just to be even with 2008. They have never recovered. During the good years of the 1990s for the global economy, 1995 was the peak for Germany, and that high was $2.6 trillion. That is $5.3 trillion today. You can pick most years from the 1990s though and it's a bad outcome inflation adjusted to today. 28 years later and the economy needs to increase by 20% just to catch up to where they were in the mid 1990s. The reason Germany has passed Japan is because they have been suffering from an even worse economic stagnation the past two decades. How long can Germany pretend things are fine?
- hutzlibu 3y ago"How long can Germany pretend things are fine? " We don't. But having the 3. largest economy still kind of negates that point: "Germany doesn't have the resources to take on anything."
- f1shy 3y agoBeing 3rd first or 28th gives no information about the possibility to start a space endeavor. You can see Ger. is way behind China and USA, which are in a much better position. I’ve been following very near the development of the 3 german companies trying to do rockets. Let me tell you: I do not think they are going nowhere. They are just doing requirement management in Doors for the last year. Nothing useful is coming out. The SW industry in Germany is really struggling, finding a decent developer is near impossible (ask me how I know!)
- hutzlibu 3y ago