Lessons From Germany's Economic Contraction

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Posted on 01/08/2025 4:38:46 AM PST by MtnClimber

Germany’s once-envied efficient economy is in freefall, and the climate change cult and European Green Deal are directly to blame. State policies subsidizing EVs and other products, shutting down coal and nuclear plants, and mandating forced conversion to untested, unimplemented “renewables” resources for energy have decimated industrial efficiency. Industries and blue-collar jobs are fleeing Germany for polluting, profitable operations in China, India, and elsewhere abroad. Will the United States follow suit?

As natural gases skyrocket during a European cold snap, and Russian gas pipelines through Ukraine are shut down for the first time since 1991, Germany has transitioned from Europe’s economic darling to its leading economic anchor. Followed closely by France and the UK, similarly weighted by economically destructive climate fantasies that are crashing to Earth like ideological meteors, the latest blow to gas supplies compounds the crisis occasioned by the mysterious sabotage of Nord Stream 1 and 2.

The results of this disastrous state-controlled economic carbon dioxide experiment continue to be as evident as explosives in a controlled demolition. Germany terminated massive EV subsidies at the end of 2023; EV sales promptly fell 69%. Despite gushing economic promises of “high-paying jobs” in the renewables industry, Germany announces more layoffs almost daily. Chinese companies, unhindered by escalating energy and regulatory costs, are leading in EV and other manufacturing technologies while spewing more chemicals into the ecosystem than German manufacturing industries.

The climate cult is pushing jobs and pollution out of Europe, amplifying both for nations like India. German icon Volkswagen has threatened to close factories for the first time in its history, and recent layoffs of 35,000 (and wage reductions for 120,000) employees are harbingers of more to follow. Consumers are burdened by high energy prices for heat and travel. Fund managers and NGOs may be profiting from renewables manufacturing

(Excerpt) Read more at americanthinker.com ...

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1 posted on 01/08/2025 4:38:46 AM PST by MtnClimber

To: MtnClimber

2 posted on 01/08/2025 4:40:13 AM PST by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)

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