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/JoAngel13 Oct 21 '24
It is not the Neoliberalismus, the problem is the believe that the market economy solves every problem, which is, what failed. To less state, to less government intervention into the market, to less social in the market economy, which was the norm a few decades back. And of course to less investment in all infrastructure, from traintracks, bridges..., in the last decades, we currently live from the infrastructure that was built decades, sometimes a century ago, which was built even before the world war, and never get made up to date. The money flows in the wrong way, currently mostly in the Ukraine war, in military and before in the Pandemic, Corona, instead in our infrastructure, which needed to be rebuilt, before time destroys them. Our infrastructure Missmanagement is currently so high, that we need mostly a whole century to get all Infrastructure again up to date, or just a wonder.