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Merkel's plan to buy prosperity for Germany by buying cheap resources from Russia and selling a lot of manufactured products to China failed totally, so to say.
by inglor_cz 2y ago
Merkel's plan to buy prosperity for Germany by buying cheap resources from Russia and selling a lot of manufactured products to China failed totally, so to say.
Meanwhile Germany didn't invest enough into infrastructure, nor into high-tech industries. Too much reliance on extant branches such as car production.
They are sick man of Europe again, and mostly as a result of Merkel-era politics. Any US pressure is small fry compared to their self-inflicted wounds.
- kkzz99 2y agoBut the reason it failed is primarily the fault of the US. Forced decoupling from Russia because of NATO expansion and forced trade war with China at the behest of the American Masters.
- blueflow 2y agoNor into education, I'm at loss where the money went.
- rob74 2y agoYou're assuming Merkel had a plan - I for one, having lived through her 16-year "reign" of stagnation, have doubts about that.
- qdwejh 2y agoNo it is not "small fry". Whole industries shut down, it has nothing to do with Merkel. Cheap energy from Russia was sabotaged by provoking the Ukraine invasion. Sabotaging German energy from Russia isn't new. Already Reagan did that. Tony Blair of course also wanted a huge Russian oil deal, but was rebuffed. Perhaps that is the cause for the jealousy.
- usrnm 2y agoThat plan worked very well for several decades which is more than can be said for most plans. Buying cheap energy when you have an opportunity to do so makes perfect sense, it's putting all eggs into one basket that was a huge mistake.
- ckozlowski 2y agoI'd argue that while Merkel continued them, those policies were taking hold under Gerhard Schröder. One needs only look at his resume to see his opinions on the matter.