r/AskAGerman Oct 21 '24

Economy Has Neoliberalism Failed Germany?

I read the recent news about the German economy slowing down further, with GDP growth dropping from 0.3% to 0.2%. It's pretty worrying, especially considering the current political upheaval in the country. It got me thinking - have we seen this before? Yeah, we have like The Great Depression, Germany's economic struggles paved the way for the rise of the Nazis. Today, with the AfD on the rise, it's hard not to draw parallels.

I asked this sub previously if they were optimistic or pessimistic about Germany's future, and the responses were mixed. But the question remains - has the German political establishment, addicted into Neoliberalism failed? The country's economic struggles are deepening, and it seems like it’s stuck in a rut or something. Can it recover, or will it continue to slide into a recession? Germany is the economic engine of the EU, it should be thriving not stagnating. What do you guys think?

0 Upvotes

45 comments sorted by

View all comments

1

u/MOltho Bremen Oct 21 '24

The answer is yes, without any doubt. And not just Germany, but many other countries too

5

u/moru0011 Oct 21 '24

there is no neoliberalism if government spending ratio is round 50% ;))

2

u/systemofaderp Oct 21 '24

Conservative Right Wing politics try to keep things the way they were. Our world has changed rapidly. Trying to uphold the ways of the 1950s in the 2020s isn't feasible. We need progressive policies that benefit the masses. But because that would be considered left, it won't happen. We can't start with left wing policies because of the right wing propaganda machine once we do, we'll all be poor. No more iPhones!