#Today's

[simply-ivanka]

Germany Should Have Listened to Trump

Tuesday 2.27.2024 Wall Street Journal

By Walter Russell Mead

Trump was right about Berlin’s self-defense and risky energy dependence on Russia.

The lower house of Germany’s Parliament voted to legalize the recreational use of cannabis last week. It was a timely move. Germany’s leadership class is going to need all the mellow it can find in a world that isn’t going Germany’s way.

Russian advances in Ukraine and American paralysis over the next aid package are reinforcing the reality that Germany needs to defend itself but lacks the power to do so. So are developments in the Red Sea, where German manufacturers must cope with shipping delays as the Biden administration fails to keep the vital waterway clear.

Forget the 2% of gross domestic product that Germany has repeatedly promised and failed to spend on defense. Defense Minister Boris Pistorius shocked many observers this month when he said that in the new world situation, Germany may have to spend as much as 3.5% of GDP for defense.

The economic news is also grim. Last year Germany’s GDP shrank 0.3%, and last week the government slashed 2024 growth estimates to a pitiful 0.2%. Economists expect negative growth during the first quarter of 2024, placing the country in recession. The outlook for housing is bleak, with business confidence reaching all-time lows. The news in manufacturing is little better. This month the widely followed HCOB German Flash Composite Purchasing Managers’ Index fell to 46.1, the eighth month in a row that the index has pointed to decreasing economic activity.

Energy prices are a particular sore spot. The chemical giant BASF announced €1 billion in spending cuts in its German operations, blaming a mix of weak demand in the German market and “structurally higher energy prices.” Enormous U.S. subsidies under the so-called Inflation Reduction Act are leading German companies to look across the Atlantic.

Chinese competition is another massive worry. China long ago passed Germany as the world’s largest car producer. Increasingly, especially in electric vehicles, it is challenging Germany as both a low-cost and high-quality manufacturer. Beijing aims to marginalize German capital goods and automobile companies in China while Chinese exporters challenge German dominance in world markets.

With the associations representing the small and medium-size Mittelstand firms that make up the heart of the German economy warning in a rare joint open letter about Germany’s loss of competitiveness, Economy Minister Robert Habeck isn’t mincing words. The economy is in “rough waters.” The “competitiveness of Germany as an industrial location” is in doubt.

It isn’t all doom and gloom. The outlook for the service sector is brighter than for manufacturing, and as the Journal reported last week, the Ifo Institute’s business-climate index improved slightly this month. The best that can be said for the outlook? “The German economy is stabilizing at a low level,” according to Ifo’s president.

Meanwhile, Germany’s dysfunctional three-party coalition government is paralyzed by internal struggles. The largest party in the coalition, Chancellor Olaf Scholz’s Social Democratic Party (SPD), is deeply divided over foreign policy, with many nostalgic for good relations with Russia and allergic to military spending. The SPD also wants Biden-like government spending initiatives to revive the German industrial machine and expand social benefits. The Greens, the next-largest party, are by German standards foreign-policy hawks but continue to press for a rapid energy transition that drives up costs for business and consumers. The third party in the coalition, the Free Democrats, wants to hold the line on government spending. As if this weren’t enough trouble, the conservative opposition parties have a blocking minority in Parliament’s upper house.

This is not where Germans thought they would be. Sixteen months ago, I visited Berlin and heard from a stream of government officials, think tankers and economists that everything was working fine. Russia was failing in Ukraine. The energy transition would boost German competitiveness and employment. Germany’s Mittelstand would handle anything China could throw at it.

Under the circumstances, it’s no surprise that antiestablishment parties are growing in Germany. The far right Alternative for Germany (AfD) currently has more support than any of the governing parties, with one recent poll showing the AfD at 19%, the Social Democrats at 14%, the Greens at 13%, and the Free Democrats at 4%.

The most bitter pill of all for Germany’s establishment may be the realization that on the most important issues facing Germany, Donald Trump was right where they were wrong. Getting in bed with Vladimir Putin for cheap energy was both foolish and deeply disloyal to the West. German defense policy was self-defeating and dangerous. China wasn’t a reliable partner.

“Ich bin ein Berliner,” was President John F. Kennedy’s message to Germany. If Donald Trump returns to the White House, his message will likely be “Das habe ich gleich gesagt,” or “I told you so.”

[planet-f]

[valentina-lauricella]

[villapaitapeli]

[puppyeared]

filipina miku!! my mom helped me with her outfit ^_^

[blueskittlesart]

i’ve started babysitting for a VERY christian family which is great because they pay me a lot of money but as someone who was raised almost completely agnostic it’s kind of insane. the 2 year old keeps asking me to read her stories from the bible. (why are we reading david and goliath to a 2 year old????) the 5 year old told me today that he was going to bring his legos to heaven with him. he also has repeatedly told me that the lego spaceships he builds are stronger than jesus. (not sure what to say to that. do i deny it??? are things allowed to be stronger than jesus??) had to stop myself mid sentence today because i almost told them im not going to heaven which would DEFINITELY have caused several meltdowns. they’re also both completely fascinated by my nose ring

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fish song

[beaft]

being on the aro spectrum would be a lot easier if being single wasn't made to feel like a literal death sentence

[roboticnebula]

Pros of re-reading your own fic

a good time;

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Cons of re-reading your own fic:

Is that another TYpO

[bookwyrminspiration]

I can behave normally around books

[gaydelgard]

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[planet-f]

2023.7.23

[lesbian-moon-gf]

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[nerdygaymormon]