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It depends on what you are looking at. For example there is increasing consensus that Merkel's "black-zero" budget requirements set the stage for today's colla
by bobthepanda 2y ago
It depends on what you are looking at.
For example there is increasing consensus that Merkel's "black-zero" budget requirements set the stage for today's collapsing German infrastructure and lack of productivity growth due to decreased public investment.
- whimsicalism 2y agoThink it has much more to do with traditional EU regulator attitudes around the dual of labor & capital markets. Both are very dysfunctional in Europe, with labor probably slightly edging out in terms of dysfunction.
- bobthepanda 2y agothats also not helping, but it's not exactly a secret that German public infrastructure from roads to rails to electricity and whatnot are also all crumbling.
- whimsicalism 2y agoit's hard to build infrastructure when you have dysfunctional labor markets & your tax base is declining in real terms.
- FirmwareBurner 2y ago"You eventually run out of other peoples' money" And wait till the EU starts paying it's own defense bills without the US, which is what it wants to do. But with money from where? Education? Healthcare? Welfare?
- daedrdev 2y agoThe black zero literally means that in real terms they have been decreasing government investment for years now.
- analog31 2y agoI'm thinking about things like life expectancy, infant mortality, maternal mortality, health care, violent crime, suicide, incarceration, traffic safety...