[sparrc]

Opposite lots of commenters here deriding the article as "all over the place", I thought it was very well-written and comprehensive. Seems like there are concerns across a wide swath of companies and industries in Germany.

Reading between the lines, the proposed solution seems something like lower corporate taxes (currently making decamping to Dublin more attractive) and lower energy prices.

The risk brought up is that if things continue it will likely lead to increasing blaming of immigrants and a rise in the far-right AfD party, which has already started.

[tasubotadas]

Yes. The worst is yet to come.

- Germany is heavily reliant on industry (like Autos)

- Cheap energy has ended due to war in Ukraine

- The available replacements are going to be even more expensive (and they are still closing more nuclear plants)

- The production costs will increase reducing their competitiveness even further

- The competitives was bad even before this (VW vs Tesla anyone?)

- Once the huge layoffs and closures will begin, the entire economy will enter recession.

Industry-focuses businesses are now low-margin and high-competition (competition mostly coming from Asia). The same is happening here what happened during the shift of Agriculture economy into Industrial economy.

And the shift to services (tech/software specifically) was pretty much non-existent. Also, it's unlikely to become any better due to alienation of investors (who wants to invest in a country where everybody is taxed and red-taped into oblivion?).

So... who nows. Germany is probably going to pull a "Greece" on us :).

[patall]

> - Cheap energy has ended due to war in Ukraine

While there is some truth to that, energy prices are lower than at the start of the war.

> - The available replacements are going to be even more expensive (and they are still closing more nuclear plants)

There are no nuclear plants left. And Germany just got 12.6 billion from auctioning of building rights for 4 new wind parks (with capped price limits of 6.3ct/kW/h.

> - The competitives was bad even before this (VW vs Tesla anyone?)

How is that? VW has a quite broad electric car range by now. Tesla is hip (which VW also tries to be) but that's about it

> - Once the huge layoffs and closures will begin, the entire economy will enter recession

The german labour market is quite strong (except maybe construction, but there's not many germans working there anyways). Problem is rather that too many people are retiring (and that the average age is so high)

> So... who nows. Germany is probably going to pull a "Greece" on us :).

The budget of the german state is almost balanced. How does it look in the US?

[adventured]

> The budget of the german state is almost balanced. How does it look in the US?

While I agree with the sentiment - you tell me when the USD is going to lose its global status, and I'll tell you when we need to be concerned about the budget deficits.

[lyu07282]

Also gutting labor rights, but I suppose that's always suggested by liberals no matter what

[tasubotadas]

What about employer rights? Right to fire poorly performing schmucks?

[dermesser]

Once you're the schmuck, or your company starts laying off, you'll start appreciating it. (As has recently happened in my family)