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Maybe Germany should have begun decoupling from Russia in 2014 after the invasion of Crimea. Instead, Germany Inc sold out to Russia and China - with national
by alephnerd 2y ago
Maybe Germany should have begun decoupling from Russia in 2014 after the invasion of Crimea.
Instead, Germany Inc sold out to Russia and China - with national champions like Deutsche Bank becoming addicted to it's Russian originated business and Volkswagen becoming addicted to Volkswagen China.
- hirako2000 2y agoBetter, they shouldn't have decoupled for another decade or two. Given the proximity of all the fossil energy they need for their industries. A big part of the shrink is energy costs, Germany is industrial.
- alephnerd 2y agoGermany was a global leader in solar manufacturing in the early 2010s, but political infighting and lobbying against tariffs from China-dependent companies like Volkswagen undermined their solar manufacturing dominance. The "Made in China 2025" strategy itself is a knockoff of the "Made in Germany 4.0" strategy of the early 2010s.