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by waps
4306 days ago
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I feel like I'm repeating myself, but here goes. Germany has made loans to many countries. Loans that come with conditions : you buy mostly from us and make others' life difficult. (say the Japanese and US cars) Then Germany lent out $XX trillion and in return received sales of $X trillion. Germany lent out money they didn't have (ie. vast majority freshly printed money), and lent it out at record low interest rates, because it's sales were dropping. The "Energiewende" was just one more of those loans, which Germany made out to itself. Those results, while they provided quite a bit of economic improvement, are not exactly impressive. Using these techniques, a company called "anthrax diarrhoea and coffees" can sell for billions to the medical establishment. I'm not saying Germany doesn't have impressive engineering, and research (though not as impressive as the US has, and it's not like it matters, cost dominates everything and copying is much more efficient than research). I would argue Germany does not have impressive efficiency. However no sane person believes that's what's made the difference in the last 10 years. |
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I feel you are living in a parallel world.
> Then Germany lent out $XX trillion and in return received sales of $X trillion.
Ah, the funny smell of 'zero facts'.
> Those results, while they provided quite a bit of economic improvement, are not exactly impressive. Using these techniques, a company called "anthrax diarrhoea and coffees" can sell for billions to the medical establishment.
You are hallucinating.
> The "Energiewende" was just one more of those loans, which Germany made out to itself.
Everybody does something like that when investing in new energy infrastructure.
> I'm not saying Germany doesn't have impressive engineering, and research (though not as impressive as the US has, and it's not like it matters, cost dominates everything and copying is much more efficient than research).
I'm not sure Germany will care whether you'll find its engineering impressive or not. Fact Germany sells much more engineering products to the world market per capita than the US.
The US has wonderful engineering products. Though I doubt a Boeing is more impressive than an Airbus...
> I would argue Germany does not have impressive efficiency. However no sane person believes that's what's made the difference in the last 10 years.
Well, many German engineering companies are targeting this market.
Example: Siemens, http://www.industry.siemens.com/topics/global/en/energy-effi...