Germany’s greening economy is falling ever deeper into crisis
Blackout News here reports: “Germany is currently in recession and the economic outlook is anything but positive. The economic upturn through the green transformation promised by Chancellor Olaf Scholz is unlikely to materialize in 2024.”Moreover, the Financial Times here reports: “Germany was the worst-performing major economy in the world last year, according to the IMF.”So why is Germany doing so poorly when other economies are getting by? Like the pre-Iron-Curtain days, the communist leaders refused to take a closer look at its foolish policies and instead blamed all their glaring failures on everything else.That’s the case today in Germany as Chancellor Olaf Scholz’s Green/Socialist government not only blames the opposition parties and the German High Court, but also the pandemic, Russia’s war on Ukraine and even climate change.
Worrisome erosion
“The data speaks for itself: incoming orders and industrial production are in decline. In November last year, industrial production recorded a shocking year-on-year decline of 4.8%, according to Blackout News. “The last time this level was reached was in July 2020, when the coronavirus crisis was at its peak. A worrying sign for the German economy.”
Green policies causing energy shortages and price rises
The truth behind the country’s demise has much more to do with the government’s green policies, which are driving the prices of energy up and industries out of the country. All of this is making life for average citizens far more miserable.”One of the factors exacerbating this recession is the high energy prices. They are causing companies to relocate their business abroad or even temporarily shut down their production facilities,” Blackout News reports further.Future remains bleak
2024 for Germany looks just as bleak with many economists doubting the country will see any growth at all.
Blackout News also cites “structural problems”, “high levels of bureaucracy, high taxes and rising energy costs.”
“These factors are causing companies to look for alternatives abroad”.
Denial of reality
Other media, like The Guardian, echo the German government and deny the nutty energy policies are driving inflation and high prices. It’s always something else.
Unfortunately, like in the past, Germany will likely first have to collapse completely before returning to its economic and political senses. And, as we all know, when this happens, things tend to get really nasty for all of Europe.
Iowa Climate Science Education 