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> As a result, Germany’s industrial production is falling The causality here seems debatable. Cheap Chinese goods which take market share from German goods ar
by nl 2y ago
> As a result, Germany’s industrial production is falling
The causality here seems debatable.
Cheap Chinese goods which take market share from German goods aren't just cheap because of cheap energy.
- natmaka 2y agoIndeed: if cheap (for the consumer, not for the taxpayer...) nuclear electricity was sufficient France industry would thrive. Reality: it (sadly) is dying.
- otherme123 2y agoIt's true that energy intensive industry has been hit hard in Germany. But is also true that the sector has been heavily subsidized for decades. As the carbon mining sector. That was effectively paying the energy cost of those industries with taxes. In Spain, where we didn's shut down nuclear energy nor have oil or coal, energy intensive industry is also threatening or shutting down (https://www.miningweekly.com/article/alcoa-threatens-to-shutter-spain-complex-amid-mounting-losses-2024-01-18 https://www.miningweekly.com/article/alcoa-threatens-to-shut...). The threats are barely hidden "subsidize our costs or else...".