Comment by flanked-evergl
1 year ago
Germany has a big-nothing economy right now. Compared to that, even a small-software economy is useful. Germany can't live on everyone else's money indefinitely, at some point everyone else is going to get fed up that they have to be paying more tax and higher energy prices because Germany can't sustain itself.
You should read up before making grandiose statements like that. Totally not true. https://www.economist.com/finance-and-economics/2025/01/30/c...
A theoretical recovery is not an actual recovery, and if history has any lessons, then it's quite unlikely that Germany could economically recover without more US money, which is not coming.
What?
They literally build machines that everybody needs to live. They make everything, all sorts of little of bits you need. If you need a special chemical reactor that resists some weird thing, it's probably from Germany.
https://en.wikipedia.org/wiki/German_economic_crisis_(2022%E...
Indeed. Zeiss lenses. Medical equipment. Boss. Siemens. The only thing that's really lacking is ict and ai. But that can be fixed
Niche businesses like Zeiss Lenses can't support the economy of the EU of 450 Milion people, especially that they mostly hire highly specialize people with PhD and up.
Having a company that makes lenses, even really good ones, is not the same as having a viable economy.
https://en.wikipedia.org/wiki/German_economic_crisis_(2022%E...
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