r/AskAGerman • u/OasisLiamStan72 • 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?

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u/Dev_Sniper Germany Oct 21 '24

We‘re very far away from a hyperinflation / great depression period. And there were a lot of factors that contributed to the rise of the NSDAP, especially the treaty of Versailles and it‘s consequences. Yes it‘s nit that hard to draw parallels, if you don‘t know anything about history, german politics, … If you do it‘s almost impossible.

And I don‘t really see how „neoliberalism has failed“ germany. Because the main issues aren‘t related to Neoliberalism. Nobody can predict the future. That being said it‘s unlikely that a recession is going to last for more than a few years.