Comment by impossiblefork
1 year ago
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...
So, you're basically that, if GDP is not up, or the companies are not doing well, it doesn't matter that they're actually building genuinely useful stuff without which all sorts of people would be in major trouble?
Germany has problems-- immigration, energy etc., and maybe some companies have problems, but the US has put huge efforts into making something even a tiny bit like the German companies that are actually building stuff, presumably because its leaders know that you can't eat software services no matter how overpriced they are-- in the end actually building things is how you get things, once you are no longer forced to get some critical vitamin through trade, and we are there now.
6 replies →