Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the German economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA Melissa Terri Swayne a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
As a Dutch person I really don't care about being compared with the countries mentioned so far in this topic. None of these countries mentioned pose a challenge to improve.
It was inevitable as there is just no new generation of engineers to sustain secure operation and repair works of nuclear stations. While for coal mining you can hire unqualified migrants. It all comes down to shit demography.
@@malcolmoluwasanmi6398 train who? Migrants? Are u kidding? If you are talking about educated germans who could be in this industry, then there is a problem of mobility. Besides most young germans (as little as Germany has because of demographic piramid being flipped over) are badly disciplined and generally unstable potheads. Look at trains in Germany. Impossible to solve even this, let alone a much more dangerous and complicated nuclear stations.
@@itchynail It is not that...the problem with the trains in Germany is that they cut spendings to a degree where they damaged their problem solving. It´s the austerity problem.
@@MrMarkusaayeah but it doesn’t compare to Romania in terms of speed and most importantly price. My parents in Romania have better internet(1GB) than me in UK(500MB), and they pay 5 times less per month.
500 Mbps with 6€ a month and 1Gbps with 8€ a month. You literally can’t get less than 200 mbps internet contract in Romania, stop insulting us and do the research properly please…
@@Stefan.Voinea the trouble is that the author seems to have fallen in the exclusivity and superiority trap set by his ancestors for centuries, in other words no research needed as his opinion is truth by default. Some call it positive attitude, others may refer to it as arrogance.
I think it is not that easy. Nuclear power is far from cheap and energy prices were very low even after turning off 90% of nuclear plants. It was the reliance on cheap russian gas that caused the problems, combined with cash grabs of energy providers. The problem with turning off nuclear power is more connected to emissions.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Im already 4 years living in Germany. Im skilled Immigrant and must renew again my working visa or can apply for Permanent Residency. Whats funny I received my requirements and documents to be submitted within 14 days. I received their letter after 4 days so it means I have only 10 days to collect to those requirements. I asked a month ago thru Email which documants should I prepare and they replied after 2 WEEKS and told me just wait for the letter from them. talking about German Bureaucracy well efficient use of modern technology like Letter and fax machine. 😂😂😂
A country that suddenly invites the people it hates, should not be trusted. The Germans still think that by funding the AfD as a neo-Nazi party, that they will be able to have another racial killing orgy like in WW2. The past era of the 80s & 90s were an inllusion based on industrial colonialism and banking Freemasonry that went dizzy as time passed. They don't realize that the world cannot admire delusional ideals.
@@oceanwave4502 Yes, that means AI is the gov stealing from us all, while we pay taxes for them to promote AI...then the gov takes your job and decides how much you are to have as opposed to them. This is why civilizations crash when innocence is crucified!
Thanks for sharing your situation 👍 Might not help you (sorry 😅), however for better understanding by people less familiar with situation "on the ground" in the country - I fear life might've been easier for you had you been an *unskilled* immigrant (via the asylum route) in Germany 🙃 In that case, you would've been sorted in by the system / by society as a "poor person from the Global South who has a right to instead live in Western Europe, particularly Germany if they want" (and you'd want to b/c that's where you'd be getting the highest welfare payments) 😅 Like this though, German bureaucracy is giving you a tougher treatment just because it can - you, playing nice, so to speak have your passport, residence permit etc. orderly in your desk's top drawer so it's easy to push you around administratively and deport you if someone needs to beautify their statistics eg. for an election 🗳️ An illegal immigrant on the other hand may be hard to even locate for authorities, let alone being made go ever again (no matter if unskilled but not a true refugee in the first place and/or repeatedly convicted of serious crimes after arrival - talking about řàpėś and múrdéřś here, just ask the Scandinavians) 🚤 These people, while criminal in "only" a minority of cases beyond their illegal presence in the country, usually get tipped off on attempts of arrest and often thoughtfully may have disposed of their passport / nationality when reaching Europe; they may claim to be from a place "more useful for the purpose", with nobody being able to prove the opposite, especially with the limited amount of investigation German border police is able (politicalky backed underfunding) and/or willing to invest (as they will only get hate for it from everyone) 👮♀️ Much like the "dinghy based survival of the fittest" EU immigration situation, the unfair German system for political reasons rewards the cunning, not the deserving 🤷
As someone who moved to Germany as a software engineer 15 years ago, there are so many thoughts I have on this topic: (1) German bureaucracy is crazy, almost impossible to navigate, and the public workers are just stones on the road. (2) Germans keep saying that foreigners need to integrate, however integration has to sides: The society needs to welcome the immigrats who want to integrate, they however rather not interact with anyone whose name is not Richter. (3) Germans' suspicion of technology. When a new technology appears, German do not think: How will this help me? but rather: How will this be used against me? Which is why you see internet being more expensive and worst than almost everywhere else in Europe (4) Lack of investment: Just look at DB. Highways are also better in Spain than they are in Germany. These are some of the issues why I don't see much improvement in the near future, but perhaps I will be proven wrong
While I would agree with you on points (1) and (2) to be a problem, point (3) is not. Just look at the Internet, which has changed to the point, it is unrecognizable. Polish Railways had problems recently with some of their DMUs, because of a software update and the ability of their supplier to change contract post sale (Louis Rossmann had a video on this) and lock their property over the Internet. You have companies these days turning everything into subscriptions instead of innovating and creating products and new uses for their existing products to sell to customers. All they are trying to innovate, is the means of monetization, which doesn't provide new value. In current climate thinking first "how will this screw me over" is the right approach. Sure you don't adopt industry breaking technologies, but you also dodge bullets like Theranos and soon to be Tesla, which is clinically dead without subsidies. As for (4), highways are good. They're in better state than most places I've been to, and I've been to a lot of places. Those are not a problem. The railway though... Railway had caught a virus of bullshit ideas such as high speed rail and now, they're paying the price. Instead of focusing on volume of cargo moved by rail, building up marshaling yards and loading yards, all of Europe has decided, that rail can compete with air, which outside of overnight trains is truly idiotic idea, and focused on high speed interconnects of large cities. Instead of laying third of fourth rail, they've decided to increase speed, which is only usable by passenger trains and therefore the increase of maintenance costs have to be born by passengers alone, because freight doesn't need that speed. Instead of making the passenger trains longer by utilizing through coaches, they focused on speed. Therefore, I'd contend, that Germany, nay all of Europe, doesn't have a problem with the volume of investment, but rather, incorrect focusing of said investment.
@@looseycanon I do think (3) is actually one of the biggest problems, because it hinders technology adoption. True, we reached an innovation plateau where everything we do these days is monetization of existing ideas. However, things as simple as banking do not have wide adoption here. I recently did a travel throughout scotland, including some really remote areas. At no point there was a need for a bill. I can say the same of visting my parents in Spain. But attempt to go around without cash in any of the big cities in Germany: Berlin, Munich, Hamburg. At some point you are bound to find the obnoxious "Nur Bar, bitte." I work as a software engineer with a small stint in the world of automitive. It was clear how mechanical engineers do not believe that software is complex, or even relevant for their car... in a world of software defined cars, were Tesla can fix breaks with an over the air update!. And this lack of respect makes that the best software engineers just avoid german engineering companies altogether, prefering to work for american companies if at all posible. That being said, I do believe Germany has everything it needs to succeed. It just needs the will to take the right decisions.
@@asambatyon I see and raise counterpoints. 1) you still need cash. If not for other reasons, then because of your destination. Just try and visit Iran with just a credit card. I visited Netherlands a few years back. I wouldn't say, that the Netherlands are exactly lagging behind in terms of innovation. Hell, in certain fields, they're at the bleeding edge. You'd think, "I can pay with a card anywhere, right?". Well, guess what. I wanted to buy some icecream from a small shop and they refused my card, because it was a MasterCard, fortunately, I'm crazy enough to have bank with banks and one of them carried Visa, so I was able to pay, but that was my sole Visa card in a eight card setup! This is important, because most banks where I live only carry one card provider! Further more, about a decade earlier, my dad lived in Netherlands for a while. Back then, he told me the same thing about card acceptance. Either Maestro or Visa. A while later, he started trucking to Germany and at about the same time, his bank changed from MasterCard to Visa. Well, for a few years, he couldn't pay anywhere and only postal office ATMs took his card in Germany. This lasted about five years. And banking on banks, pun intended, is not as good of an idea either. Just recall the Trucker protests in Canada, where their prime minister had those protester's assets with banks frozen, to put pressure on them. It was an extreme, hopefully never to repeat again situation, but it showed the necessity of keeping some cash on hand at all times, even if everyone accept's cards. 2) while I'll admit, that pushing an update to someone over the Internet is convenient for both parties, there are problems here. What happens, when a company, that ran the servers for some kind of phone home feature, goes bankrupt and it's assets are sold off? Suddenly, your, in case of Tesla, is at best flying without updates, getting more and more vulnerlable to outside attackers, or worse, get's bricked and you'll have a very expensive paperweight. And that's just a decision by a company, what about errors? Say another Crowdstrike? Either way, you or me as customers get screwed over. We have seen this about a year ago with ANNO 2070, fortunately, the original team pushed an update and took over the server infrastrucutre, but where are guarantees, that others will follow suit? Nowhere. Another problem with pushing "update" to a device is EULA, fortunately, around here it's basically illegal to do, however, in the US, you can end up with update to EULA, forcing you into forced arbitration instead of seeking relief through the court system, and you can't decline it and continue to use a five years old TV for instance, or worse, as showed up with Disney recently, ending losing a family member in one of their parks, and Disney claiming, that because you've accepted a EULA for their subscription service, you can't sue, but have to arbitrate (this is like a year old case). The question really is not, whether software is relevant for a product, but whether it should be.The very concept of ownership is getting erroded away with these "smart" and IoT approaches. Is that worth the "convenience"? I'd argue not. Maybe those mechanical engineers see it from this angle? Maybe have a look at Louis Rossmann's channel. He's been doing videos about these "just push an update" shennaningans. Ultimately, until approach of providers changes, taking the skeptical, nay parranoid route towards new technology adoption is the safer (ei more reliable) bet in my opinion. We don't need to adopt top of the line technologies, if outdated ones still manage to handle the tasks, they were supposed to handle. If not for other reasons, then because doing so will leave you without a backup in case of that new technology failing in some aspect. This, after all, is why, when you're shopping for a backup connection for your home/business, you don't go with Fiber/copper, because that's usually your primary. You go with a WISP, cellular, or, in case of really deep pockets, satelite/Starlink. Or why an EV is never the first car in the family... that is the old reliable petrol car. Because if the nice new one fails, you're not left in a river without a paddle.
@@asambatyon if they can fix it with a software-update, it was a problem in the software. Noone can fix hardware issues by a mouseclick. However, Germans are mostly slow adapters. Especially on the customer side. Things have to "prove themselves" first before Germans are convinced. There is still much hidden innovation going on, that doesn't show in the metrics. Research for example is mostly done in institutes, not in universities. The total hours worked are average but watered down in the statistics by lots of part time working women that largely do not work at all in other countries. Infrastructure is not brilliant but a lot better than in many other countries like the UK or the USA. Internet access has improved a lot in recent years and the expectations are higher than in other countries. People complain not having mobile phone coverage everywhere but no-one would complain about that in the depths of a national park elsewhere. In the end lots has to do with two or three big issues. Bureaucracy is really bad and a large hindrance that must be addressed. Energy prices are inaffordable and the move to renewables too expensive to handle without nuclear power. And lastly the shifting demographics. Hereby both migration and birth rates are a mess. This is so bad I don't even know where to start ...
i work with a German client, whenever our teammates travel to Germany we struggle to have a basic teams call. By comparison our net connection is 10 times better.
How did people not see it coming, I knew they were screwed in 2011 after the nuclear incident in Japan had them spazzing and they shut down all their Nuclear power plants because one in Japan got hit with a Magnitude 8.9 earthquake followed by a tsunami that was over 100ft/30m. Nothing we humans have built could withstand those 2 events on the same day.
Japan is one of the most earthquake prone regions on earth, not so Germany. The variables affecting safety of nuclear power are hard for the lay person to comprehend. I am more concerned about nuclear waste disposal, but what do I know?
@@TheHesseJames Yep, I noticed an improvement in the hotels, but they are still limited and controlled, better at homes (this is why I started to avoid hotels). Sincerely, for the video subject, I do not need to compare the internet. A teacher in Germany now has half the salary power compared with 1989 in West Germany.
Germany is a US post-war vassal since it's debts to the IMF and World Bank building fonds of 1952 till 1990. Therefore it is not permitted to have its own internet without US say-so. As long as Germany stubbornly looked at Britain in the face without repaying post war debts, triggered the Brexit. And now that Germany begs Greece for Russian gas, while spending millions on Ukraine bloodbath, shows that the Nazi gene of trying to be the world's most wicked party-poop is going to backfire major. Foreign labor who recently went their, quickly changed location.
As a German I can say this crises is real. It just doesn't make any sense to work here anymore. Your salary will be half of what you can earn anywhere else and what is left is eaten up by taxes. Now additionally pensions are heavily taxed as income (they were already taxed when you worked, so they are taxed twice now, I don't kid you). So in a nutshell: Employers and the state plunder the people shamelessly.
The actual reason why Germany shut down their nuclear power plants has very little to do with Russia and more so has to do with backwards German green policy Which didn't like the idea of nuclear energy because everyone remembers the Chernobyl incident and Green activists don't like the fact that nuclear energy is not renewable
Nuclear power is as green and safe as energy producing systems can be. Where did the people got an idea that renewable is important criteria? Nuclear power with breading is in practice renewable or infinite enough (for next 1000years, then this planet may be home for 100milion happy healthy people for which solar power may work). We should work out on problems of next 30years not naively solve imaginary problems for millenia.
Nuclear power is very expensive. When nuke plant gets old it has to be either shut down or you need to do a major and expensive overhaul to keep it running. Question is that what do you do? Overhaul and spend billions or invest the billions to something that gives you more power and with much less money. Nuke power is the most expensive type of energy. It can never compete with wind and solar. Even oil, goal and gas can’t compete wind and solar. Green energy has now exponential growth and economies of scale. This is absolutely correct thing to do from the Germans.
@@verttikoo2052 there is no high developed country which would get rid of fossil fuels from electricity with solar and wind(Germany is at best 30%ish there but with huge costs. Nuclear power did decarbonise France Sweden Finland Ontario and keeps prices of power in check(and that encourages heating with electricity, ev vehicles etc). Can you explain how it can be then? France does have clean and cheap electricity some 40years already which means gigatons of carbon not emitted in contrast to Germany.
Germany has a few systemic issues: 1. Strong, anti-capitalist attitudes among its establishment and political leadership. 2. Too much faith in the government (Staatsgläubigkeit). Too little initiative. 3. Conservative and collective decision making are leaving its industry behind. 4. Unfortunate congregation of events leading to high energy prices. 5. Overregulation driven by elites and idealistst with little real experience. 6. National obsession with morality and fairness, instead of doing what's effective. 7. Self-destructive attitudes toward Asylum and the expense of constructive immigration.
Congratulations: You've managed to get EVERYTHING wrong. Germany's, and EU's problem, is becoming a lapdog of USA, and receiving all the fallback from USA's desperate imperialism. It was fine, when it did it to Africa, Asia and South America, but now it's effecting Europe as well. Soon you'll begin crying how you should have never sold goods to China ( even though YOU started trade war with them and YOU massively prospered from it in last 30 years).
@@coliv2 Yup, germany needs a lot of resources from the outside, russia was just perfect for it. But it's funny to see people from predator-capitalist countries with huge poverty rates and collapsing infrastructure jumping at the first opportunity to criticize germanies strong safety nets
0:45 "In Germany it's almost a national sport to take medical leave from work. And no, that is not an exaggeration" You're right. That's not an exaggeration. It's a flat out lie.
As a German, everyone saw it coming, or at least anyone with a brain. You don't get to do austerity politics for a decade and then pretend to be surprised why all sectors lack investment all of a sudden.
Not really, there is no competitiveness after all the nuclear reactors were shut down. Then the gas from Russia was suspended. The manufacturing and the industrial production dropped down dramatically. How can Germany be competitive, relying on exports ? The only way now is the Euro to drop down from a cliff which will make the Europeans even poorer
20 years of awful leadership, EU ignorance, transatlantic obedience and an US assault on Europe's prime energy infrastructure are a deadly combination - especially for an alliance in favior of the US and in disadvantage of Europe (not the EU which is an US dependency)
Since the last century, many experts have said that the prices of consumer goods will decrease due to increased competition because developing countries will start industrializing, and this is of course the right of these countries. The profit margin on various industrial products has become small because these products have become cheap worldwide. It is not only Germany that has changed, but the world has also changed. Many Germans live in the illusion that they can sell these products in the global market and at the same time workers' salaries will be as high as in the past.
This is hilarious because multiple people saw it coming. Peter zeihan, michael every, and george freidman have multiple books calling it out way back in 2012
The truth is that without cheap energy manufacturing costs have skyrocketed and made German products uncompetitive. Shouldn't have blown up that pipeline.
the worst was shutting 21 nuclear plants that allowed them to be energy self sufficient. but they went woke so they had to open coal power plants and use more oil. lol lol wtf were they thinking
The lack of investment into new technology was our deathknell way before that. We could have been leaders on cheap green energy production and e-mobility right now if we didn't hold the progress back at every corner.
at first the reason for the economy slow down is the system which keeps young people from doing bussiness second : taxes are high third : people dont want to be stressed fourth : you can get money just by sitting at home
@@aarionsievo The tragic part is there's even a glimmer of understanding there that people might be in a position where they want to work but it's made deliberately hard to get off their feet, but then it's buried under the disdain for them and instead he concludes making it even harder is somehow the right solution.
The car industry is a strategic reserve in case of conflict. Their factories can and will be turned into military factories in times of conflicts, as it happened during ww2 and more recently in ukraine and russia. Keeping heavy manufacturing inside the country is worth the money because, once it's gone, bringing it back takes too much time and puts the country in very precarious position. Car industry subsidies can be thought of as part of the defense budget in this sense.
Because he had to mix some propaganda in between in keeping up with the Western tradition of blaming others for their own shortcomings and evil doings.
When a company complained about the high taxes the german Federal Ministry for Economic Affairs replied, that they could just produce less, thus earn less which would then cut down their taxes. Their advise on the "Dunkelflaute" (no renawble energy when the sun is not shining and the wind is not blowing) is, that companies should arrange that people work when there is energy available and stay at home when it isn't. I sincerely hope that the next government will react quickly and turn the economy around.
I think even the mainstream was talking about it. Even on official state media there's economists criticising the government and detailing what exactly is going wrong and what needs to be done to fix it. The not listening part is correct though, no one cared.
it seems like the collapse might be worse than we initially thought. The industrial slowdown is dragging down GDP, and exports, which have always been a strong suit for Germany, are declining fast
They are so far behind you need a telescope to see them. Around 2016 I decided to terminate my fixed phone line. My customer, one of the biggest in my field in Germany, freaked out: "How will I send you FAX NOW? " Reminded him to check the calendar on the wall and that he has iPhone, can take picture and I get much better document. A lot of his customers still FAX orders in..... Local Bavarian government is going to close fax lines, but still retain about 1600. With all the idiocies they did in the past 10 years, they will be extremely happy if the get back to the place they were in 2008. They WILL loose DECADES.
Great video. Work over here in Germany has become insane. Discussion over here is focussed on how you can work less and force companies how to force companies to make this happen. At the same time businesses are crazily over-regulated, where it is literally impossible to set-up your own company anymore. You have to comply with so many compliance requirements that you have to employ so many people in administrative roles who do not contribute to business revenue that it is close to impossible to stay profitable. This of course leads to very bad internal corporate culture within companies as compliance is driving everything. People have not the mood anymore to contribute economic productivity under such conditions while they at the same time are legally entitled for limited work hours (work overtime is close to impossible….) and insane spare time with all benefits included (financed by a shrinking economy). Under such conditions innovations and creativity, the backbone of any economic thinking and prosperity, is suffocated in its tracks….
To compare the internet in Romania to the one In Germany is offensive, I Live in Germany, my Speed is around 1,5 mbs, 2 in a Good day,my mother in Romania has around 1G to a third of the price, So the Internet in Romania is a thousand times faster
Contrary to popular belief it's actually recovering & growing faster than was expected & is likely to do even better in the mid to late term due some policy changes by the now grown up government
I'm from Germany and I can tell you the situation is even worse than shown in the video. Expect Germany to become a 2nd world country in the next 10-20 years.
Ten years ago everybody complained about Germanies export imbalance. Now when cheap labour brings factories to poor european countries it is wrong again. It is not bad for the EU when people can stay in their countries and factories come to them. Poles and Romanians do not longer have to go to Germany or England, they can stay and earn good money. This higher income will drive the economy. So no bad thing at all. And those countries enable german companies to produce with low labour costs, like in China.
Going woke has nothing to do with it, because German was the latest Germany to become LGBT in 1978. In order of appearance, Britain became woke in 1928 almost at the end of the roaring 20s in Paris where France became woke in 1871, Turkey was already woke in 1853 while Britain was imposing anit-wokeness in its African colonies....China never was unwoke since 8000 years. India only became un-woke for a short period from 2014 to 2018, and re-embraced its 7 ancient sex-temples which attract anti-woke tourists every years to satisfy their voyeurism. German went broke because it was not woke! Now they are trying to be more woke than everybody else, in hopes of winning a losing battle...and nobody is buying it.
Germany is broke because of not appealing politics regarding those who can contribute to the economy. I studied in Germany in 2014-2016. I wanted to stay there for good but me and my wife wanted kids. Family is unaffordable in Germany especially for working migrants (not refugees, hartz 4, etc) . So we moved back to Russia. And I don't regret. We have three kids and our own apartment.
@@paramadim A lot of foreign workforce are leaving Germany now. The recent influx of foreign professionals which were to stave the exodus of German educators leaving the country, are now leaving again as well. The phenomenon of braindrain hitting Germany as the first former colonial country to experience braindrain, makes other countries realize that the braindrain that befell colonial slave-territories has now finally backlashed on those who bare the blame for the world's inequalities.
I remember when Trump addressed the UN and said that Germany buying their oil and gas from Russia was going to end very bad for them and they were laughing. Not laughing now.
Obama also addressed the European Parliament and said that Germany's reliance on Russian oil and gas was going to backfire, I'm pretty sure Bush Jr. said the same thing. It was a very obvious weakness that Germany bullheadedly ignored.
There is still a functioning pipeline with cheap Russian has. All Germany has to do is press the button and start the flow again. But Washington might have a problem with that.
Well, I hope I don't have to tell you that we have a housing crisis over here as well which is the reason for why such a low amount of people do live in their own homes. The government fails continuously to meet it's own target of providing social housing (in cities) while rents too are becoming more and more expensive. At the same time, they are not able to persuade people to move out of the cities to rural areas which could help diffuse this situation a bit. No wonder, given the lack of possibilities for jobs or higher education that comes along with it. Which itself is not encouraging companies to start out in rural areas. Yes, we are slowing down economically. Yes, it was a dumb idea to put our money into gas infrastructure. Yes, we might even be lazy workers. But there is still more to it than discussed in this video.
There's some good truth in this video and some stuff that has less than no merit. The issue is that it's going to be hard for non-Germans to tell one from the other.
@@nightmark2120they trusted USA Russia did nothing to Germany Russia help Germany to be a superpower by literally giving them free gas..USA wasn't please and put a wedge into the relationship don't blame Russia 😂 because they wanted to sell their expensive LNG state facts it was Germany that close the taps.. big idiots
Social expenses are the main budget position. Germany pays since 2015 ~50bn Euro per year on migration only (factoring in extra expense on healthcare, housing, additional state employees and burden on health care). Germans voted for it so it’s fine to spend most of the freely allocated budget on mostly unproductive and not integrated people from Middle East and Africa. Though, I don’t understand complaints when economy now goes down and public transport is a nightmare due to underinvestment.
Richtig. Die Leute haben es gewählt und werden es im Februar wieder wählen. Wir (3 Generationen) hoffen, nach Amerika auswandern zu können. Wer jung und gebildet ist: schnellstens raus aus diesem 3.-Welt-Land.
Sind wir immer noch. Oder das schlimme Wort. Arbeiter werden nur noch beschimpft und ausgenommen. Dabei war es immer unser Stolz, niemanden um etwas bitten zu müssen und uns selbst zu ernähren. Vorbei - Bürgergeld wird total ausgenutzt. Dank an unsere grüne Regierung und Frau Merkel als Vorbereiterin - I hate you and I will go to a better country.
I wouldn't call medical leave a sport, but it is something that is done everywhere once in a while. Your employer is legally prohibited from calling you while on medical leave and is also not told the Diagnosis because it is private. There they just get the "Yellow Paper" saying from when till when you can't come to work and that's it. The best they can do in that case is fire you, but this can't be done for the medical leave. So they have to somehow find a reason for it. This means that if you work productively and high quality but are on medical leave every month for some days, you basically can't get fired. Oh and you can now just call the doctor to get medical leave, you don't even have to go there anymore lol
Not Biden's fault at all. He passed policies that benefit the USA, like any leader should. Germany making poor geopolitical decisions is what has led to its problem. The USA has been overly generous with Germany, and now that is changing.
I lived in Germany for a while and am Romanian... I don't know what you're talking about. If we're comparing urban internet... we (romanians) have fiber optic cables going into our homes in Romania, Germany still runs on coaxial cables (not even CAT5 ethernet cables). Mobile internet is cheap and in boom, with unlimited mobile internet plans at 5EUR /mo. Germany is a joke when it comes to internet, high prices for mediocre service and antiquated hardware/infrastructure. And it makes sense, in the 1989 we barely had landlines for everyone. We leapfrogged directly to mobile phones and high-speed internet. Easier to build the latest and greatest infrastructure when you don't have a crappy old infrastructure to compete with. Kinda hard to take this video seriously when this basic research doesn't seem to have been done. Even articles in the past put our internet infrastructure in top rankings.
Careful about judging "antiquated" technologies. Truth is, you don't need fiber to the premises. One, you can easily push 200 megs over telephone lines, depending on how far DSLAM is. Coax is dedicated data cable and can be superior in some applications. Hell, these days, you can buy MOCA adapters and push hundred megs at longer distances than with Ethernet. And here comes the question. Do we actually need those speeds? Get an ER-X, put it into your network, log into it and try to fully saturate your connection. You may achieve it, when installing a new game from Steam, but how often do you do that? The answer is, you don't. We don't need multigigabit to home and likely never will. Hence why these antiquated technologies persist. They are adequate to current and future needs and everybody already has the gear they need to connect to the system. Buying newer, simple cause it's newer, is waste of resources under such conditions.
Yes, Romanian internet is one of the fastest and cheapest, in my country we are waiting for digi to become fully operational and destroy our telecommunications cartel. Most of my country has fiber but it isn’t cheap, personally I have 300mbps but i Know people with 1gbps and you can have 2,5gbp if you don’t mind price.
this guy has no idea what he is talking about, german universities are ranked low not because they are bad, but because of how those rankings are conducted.
Sprich vlt. für die technischen Universitäten und Hochschulen. Der Rest ist für die Tonne. Spreche aus Erfahrung. Das Angebot was wir zusammen mit der Industrie hatten war fast nicht vorhanden.
The moment you realize history is written by winner. America is powerful so it can enfore its will on the world: what is supposed to be the "best" university. Note that this can become "self-fulfilment prophercy". Harvard is great because of supposedly good education or because many talented believe in the reputation, and come to Harvard to study, many of them will eventually become super-successful (because they were already good, highly skilled, highly connected even before coming to Harvard). Europe will be at the mercy of the USA in terms of innovations and reputation.
@@coliv2That doesn't even make sense. Germany itself doesn't want anything to do with the Russian economy. The US is more concerned about China instead of a dying country that's a shadow of the former USSR, and makes nothing the world wants except oil and gas.
either you misslead interntionally or you don't understand statistics .. the working hours are so low because many work part time not full time but are counted as full time workers, typically families with offspring where one parent must be home after school count the hours worked per FULL TIME working person and you will have gemany in the upper third
Literally, I can't get anything done in Germany because everyday either someone is on holidays, is in sick leave or simply doesn't communicate/ communicates so slowly.
Germany has multiple issues contributing to the decline. All of them stem from Germany's lack of adapting to change. May it be language, digitalization or even competion Germans are very reluctant to accept the new normal.
They sure did adapt fast enough to all the co2 bullshit that destroyed the auto and engineering industries and all the vaxxport bullshit that destroyed small businesses. I don't think the reason people don't buy a BMW these days is because Germans are not adequately digitized. The real reason people don't buy a beemer is that everyone knows these cars are a ticking timebomb - one fault away from being written off. This is because of ll the EU safety and emission requirements - which Germany obviously has a role in creating. You end up selling a car that is neither as reliable as a Toyota nor as smart as a Tesla. And when the economy begins to collapse, you try to keep GDP up by importing millions of immigrants (I am not anti immigration - but Germany obviously dialed this to 11) Germany's issues sound like they are created by the government that has gone insane. I don't think it is because Germans don't like digitization or because they are lazy.
i saw it coming when they gave up on nuclear. I also saw it coming when they desperately siphoned millions of Syrian refugees in a desperate attempt at saving their economy.
"Russia corrupted Germany to shut down its nuclear plants"? Erm, I am sure it was a knee-jerk reaction to the Fukushima meltdown that made the Germans to get rid of their Nuclear Plants. Jesus Christ, this channel is such a disappointment since that bald guy left.
considering Schröder was a strong advocate of the Nord Stream 1 , and ''under Merkel tenure, Germany and Europe was weakened by a dependency on Russian natural gas, including the Nord Stream 1 and Nord Stream 2 pipelines,and that the German military was neglected, disorganised, and underfunded. By late 2021, Germany was importing 55% of its gas, 34% of its oil, and 52% of its coal from Russia. '' it wouldn't be too far fecthed to see how muscowy would've profited from financing different german anti-nuclear ''eko (coal,gas)'' movements.......
The decision to get rid of the plants by ~2020 was already made in 2000, revoked in 2010 by the same politicians who reinstated it in 2011 in almost the same way😂
The decision that nuclear energy was to be phased out was made so long ago that people in the last 25 years didn't even think about getting qualified to work in that industry. The resulting lack of qualified personnel makes it pointless to now consider starting nuclear power again in Germany.
4:22 Let's not mention that the world's nuclear power industry is more heavily dependant on Rosatom, Russia's state nuclear power company to provide the low enriched uranium (LEU) most commercial power reactors are fueled with than the world is reliant on Russia for it's natural gas. It is unlikely Germany could have relied purely on French LEU supplies to keep fueling it's reactors after 2022 if had kept them in operation. Hello Russian LEU imports. The U.S. is only now looking to phase in import restrictions on Russian LEU starting next year and moving to complete replacement in 2028.
The US has been purposely sabotaging the EU so that they do not regain their status as global hegemony. From the green "revolutions" in the Middle East and destabilization of Libya that flooded the EU with incompatible cultures to destroying pipelines and cutting them off from cheap Eastern natgas over the last few years. This was all engineered... "The United States was again the largest supplier of liquefied natural gas (LNG) to Europe (EU-27 and the UK) in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ. Last year marks the third consecutive year in which the United States supplied more LNG to Europe than any other country: 27%, or 2.4 billion cubic feet per day (Bcf/d), of total European LNG imports in 2021; 44% (6.5 Bcf/d) in 2022; and 48% (7.1 Bcf/d) in 2023." "European nations - including Sweden, Poland and the Netherlands, to name a few - have become "huge customers" for U.S. military hardware, he said. In fiscal year 2023, the U.S. did more than $80 billion in business through the foreign military sales system, including grant assistance. "That is a record," Hursch said."
Trump warned you guys against relying on Russian gas. German officials publicly laughed at Trump saying this at the UN. Then Russia cut off most of the gas and Germany began to faulter. Of course Germany allowing Biden to blow up the Russian gas line was mega stupid but everyone should know not to follow leftists since they are dumb no matter what country they are in charge of.
It's its own fault. The USA warned it on being over reliant on Russian natural gas. I don't like the orange man either, but it's just common sense. Natural gas isn't even green anyways. Yet what does a major political party do? They demonized one of the cleanest forms of energy, nuclear power. As though solar and wind, both variable power generation, can hold up the entire energy grid.
We the global south realize how naive Europeans are in thinking that the war is all about democracy vs. authoritarian, and not about someone wanting to protect their hegemony/supremacy/exceptionalism (by weakening Russia and maybe China next).
The taking of sick days really is a national sport in Germany. I work in a multinational and we had a boss/client who literally took 2-3 months a year in sick days. Every time we needed him he was nowhere to be found. He employed a guy who's main job was to replace him whenever he was not at work. And he had a huge salary - he bragged about buying a brand new Mercedes EQS (a terrible depreciating car btw) when it was a new model. We (in Romania) were working twice as hard an we probably had 20% of his salary. And this guy wasn't even the only one, all of them had at least 3 weeks of sick leave per year. That's German efficienty for you
OMG yes I was going to say the exact same thing. Good to another zeihanite out there. Have you watched the podcast in the channel @MarcFriedrich with Peter. The entire comment section is literally bashing on how stupid his take is. I keep comment after 1 year what do you think nobody will reply lol.
They saw it coming. If indeed he is right with the rest of the predictions, china collapse stagnation or even collapse will be an headache for the rest of the world.
The idea that Germany is going to solve its energy problem with wind turbines is laughable. Without cheap hydrocarbons (and especially nuclear) their industries are screwed. In the US (where hydrocarbons are still cheap), Big Tech is desperate for nuclear power to run their datacenters.
I am German (born and raised) lived all over the world and now live in the US. When I was a kid in the 50s German workers got up at 4 in the morning, because at 6 the shift started. No not make noise we were told your father works the night shift. They were doing 3 shifts in the steel smelter... and these men died young (to be sure, these were the men who survived the war). Widows everywhere. But our generation the boomers were experimenting with "alternativer Lebensstiehl" (alternative way of life). It was the hippy generation, but we all grew up, cut our hair short and wore suits eventually. The boomers eventually started working hard. But out of this generation came a new trend which was ultra environmental conscious... the greens and this movement morphed into an ideology that "true quality of life is not measured in "stuff"" And Germans worked less and found all sorts of excuses for it like (work smarter not harder)... and over time, people took this to the extreme. Most people in Germany "Do Not Strive For More." Arguably a healthy way of life, but it does not make for good economic numbers.
Do you have a bias for bigness? at 0:20 you have a graph per capital consumption at 0:38 labor hours per worker kewl then at 1:14 Value added to manufacturing you compare Germany with 84,000,000 residents to Switzerland 9,000,000 population Germany is 9x the size of Switzerland is that fair?
Very qualified comment! So you are saying that this enormous downfall happen just in the last three and a half years and this is not the result of sixteen years of Christ democratic government under Angela Merkel?
Sorry to burst your bubbble, the greens were the ones trying to invest and get things moving. Think! Who in parliament right now is calling for not spending any money and keeping everything as is, even though "as is" means spiraling downward? Those are the ones you should take a critical look at.
Germany invested too much in EU but getting almost nothing out of it. If German economy collapse more, i just want to see how other EU countries not helping them. 🤣🤣 Nobody will spend that much money to EU anymore...
incorrect info: China DID NOT stop producing German cars. It still does. China invested in its own primarily EV tech but about a third of Euro int. combustion cars are still made in China and bought there frankly as they can afford it
GDP will grow because of three things. 1. Kebab/Dönner shops 2. Number of Mosques built 3. Money handed to Asylum seekers will eventually run back into the economy. And will increase GDP. Masterstroke by Germany ❤
I think Josh is a bit unfair to Germany (and Europe) when he only talks about universities when it comes to scientific research, even though a large part of scientific research is done in Germany (and some other European countries) in scientific research institutes instead of universities (like Max Planck Society, Fraunhofer Society, Helmholtz Association, Leibniz Association). if you are looking for listings of the world's best scientific research institutes; then Germany gets 2 in the top 10, while the US gets 3, China gets 2, and England and France both get 1. So not bad at all from Germany.
It's an atlanticist channel, sort of like the spectator magazine in video form. It's permanently biased against Europe/EU. Target audience want the 1980s back.
US universities are, on their own, research institutes, something that got lost in Europe. In that regard, Germany can't compete, neither can the rest of Europe even combining all the countries and acknowledging the continent is far more populated than the US.
The German worked hard using machines The effectiveness based on the high quality machines But it needs cheal energy to be competitive. So, after cutting Russia, Germany had to buy expensive energy from the US
Germany built an economy on cheap Russian fuel. they knew it wasn't going to last long... i remember geopolitical analysis talking about this over a decade ago. no surprise.
@@Rattler808 We always had secure fuel deliveries from Russia and would have kept receiving them, if not for our current government, that didn´t even care when a terrorist attack was launched on crucial german infrastructure, which effectively forced us to buy overpriced fuel everywhere in the world. But hey, it played right into their plans, so why start a thoruough investigation. And the politicins and their "experts" are wondering why the political right wing is getting so trong.
This video cherry picks facts re German Chinese trade. Germany exports very few completed cars to China and instead manufactures locally within China, mostly with parts manufactured locally as well. So that relatively low figure for German exports to China doesn't reflect how much Germany is exposed to China. If German exposure to China were as limited as the low export figure cited in the video, then surely there would not have been so much recent talk in Germany of "de-risking" from China
I agree, they have better life while working less same with the Netherlands meanwhile we in southern Europe work the most and we are poorer and our productivity sucks. So the pretend to work mentality is a dumb mentality that infested my country. Also is known that German prefer to get sick leave than go to work sick and infect coworkers and i see nothing wrong with.
You know you are watching a very big brain content when the host suddenly just ad-hoc declares that "the most successful university programme in Germany is about de-growth" (press X for doubt) and then his mouth starts foaming as he concludes that "it is worse than communism" :-D WTF was that.
American living in Germany, and yes a lot of sick calls are normal. I run a two man job by myself most of the time. Complain to a doctor and get a week or two off guaranteed. I don't go to the doctor unless I really need to, but Germans are out sick a lot.
Honestly speaking, I don't get impressed when some poor country hits the headlines as being the fastest growing economy and such. This is because, most of this so called growth is just paper growth with little to no real improvement in an average person's average income and standard of living. Thanks to rapidly growing population, per capita income shows negligible growth. Despite reporting high gdp growth, several of these poor countries don't have any improvement in basic amenities and infrastructure, don't have any major reforms Implemented, can't stop brain drain, sees worsening social order, sees increasing corruption, sees increasing income inequality, poor social security and don't have any plans for sustaining the high growth. Average incomes of the people may increase, but the costs increase faster resulting in negligible improvement in purchasing power or savings. Increase in unexpected costs and weakening currency add further fuel to the fire. There is no improvement in the quality and variety of products and services, education, healthcare and human capital development either. A lot of these countries are destined to get stuck in the middle income trap and face resource shortages and climate change effects as well. Some of them are doomed to face some economic crisis as well. Hence, before getting overhyped about a poor country being the world's fastest growing economy, dig deeper and find out whether these underlying issues are getting solved or not. Mere GDP growth does not make a country developed. It involves solving the underlying problems mentioned above as well. For an example, people who lived in the US in the 50s or the UAE in the 80s and 90s know what real growth and development is. This real development is not experienced by people who live in these so called fast growing economies.
sorry but the "Average hour" statistic is just bad to use for an authentic video... since there are all people included like mothers, sick people, students etc that work maybe part time... if you look up median hours work its more similar to the rest of europe
Taxes and language. I have struggled to get to B1 German and am close to graduation from my masters. every single company I have talked to wants C1 or C2 German. Only a small minority are willing to begrudgingly take B2. I just want a job I can work in the day and take German lessons in the evening to get to their high standards but that requires money I just cannot get without the job. This is the story of basically all of my classmates. So many excited companies at job fairs and when you are honest and explain you are only B1 the light in their eyes dies.
Go to invideo.io/i/VisualEconomik and use our code “VISUALECONOMIK50” to get twice the number of video generation credits in your first month.
there is comic channels that have more views that V.E.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the German economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA Melissa Terri Swayne a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
As a Romanian, don't you dare insult our Internet infrastructure by comparing it to Germany's
As a German I need to apologize on their behalf. Comparing a country's internet infrastructure to ours is simply insulting.
As an American who has family in China and frequently travels there, I was surprised by how poor the wifi was in Germany compared to China.
@@RenlangRen an "american who has a family in china and frequently travels there".. hmmm.. seems like a spy to me.
As a Dutch person I really don't care about being compared with the countries mentioned so far in this topic. None of these countries mentioned pose a challenge to improve.
German internet infrastructure is called fax
Romania's internet speed is 13th in the world. And the price is 10 times cheaper than in Germany. Get your facts straight my friend.
romania also has street dogs that sometimes eat people's kids and random joggers
@@none_of_your_businessstop smoking weed
@none_of_your_business street dogs does not hurt peapole
Just keep your pitbull out of the streets and no one will get hurt
@@none_of_your_businessmaybe 3 cases per year
That's not surprising, Poland and Romania leapfrogged using EU funds, while Germany still works with old infra and beurocracy
Closing down nuclear plants only to go back to coal is absolutely one of the dumbest things I've ever heard.
It was inevitable as there is just no new generation of engineers to sustain secure operation and repair works of nuclear stations. While for coal mining you can hire unqualified migrants.
It all comes down to shit demography.
@@itchynail Literally their own fault, as they shut down all the universities that taught nuclear science.
@@itchynail ...train them ?
@@malcolmoluwasanmi6398 train who? Migrants? Are u kidding?
If you are talking about educated germans who could be in this industry, then there is a problem of mobility. Besides most young germans (as little as Germany has because of demographic piramid being flipped over) are badly disciplined and generally unstable potheads. Look at trains in Germany. Impossible to solve even this, let alone a much more dangerous and complicated nuclear stations.
@@itchynail It is not that...the problem with the trains in Germany is that they cut spendings to a degree where they damaged their problem solving. It´s the austerity problem.
To compare Romania's internet infrastructure to that of Germany is an insult to Romania, which has one of the best în the EU.
Finland has quite good internet, about 8m home connections for 5.5m people + 7.8m cellphones with internet connection to each inch of country.
@@MrMarkusaayeah but it doesn’t compare to Romania in terms of speed and most importantly price. My parents in Romania have better internet(1GB) than me in UK(500MB), and they pay 5 times less per month.
I remember how salty the german guys in my FF14 raid group were about the low quality of their internet.
500 Mbps with 6€ a month and 1Gbps with 8€ a month. You literally can’t get less than 200 mbps internet contract in Romania, stop insulting us and do the research properly please…
@@Stefan.Voinea the trouble is that the author seems to have fallen in the exclusivity and superiority trap set by his ancestors for centuries, in other words no research needed as his opinion is truth by default. Some call it positive attitude, others may refer to it as arrogance.
Everybody saw it coming. You turned off 21 perfect nuclear power plants. Energy prices are too high.
Climate hysteria destroyed Germany.
Too many Germans voting for Die Grünen led to this crisis.
the most stupid idea ever
I think it is not that easy. Nuclear power is far from cheap and energy prices were very low even after turning off 90% of nuclear plants.
It was the reliance on cheap russian gas that caused the problems, combined with cash grabs of energy providers.
The problem with turning off nuclear power is more connected to emissions.
Why not continue with cheap Russian gas?
@@terryselver393 For obvious political reasons? Not financing dictators and stuff?
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Germany has the Internet infrastructure similar to Romania? Yes, but Romania of 1999
Romania of 1699.
@@darthkek1953 yes, wireless😂
@@darthkek1953 Let go of envy.
@@MariaMagdalena-cf7ew Have you been drinking?
Turkey had 5 G internet since 2017. Germany still struggles with constructing 5 G in 2024.
Im already 4 years living in Germany. Im skilled Immigrant and must renew again my working visa or can apply for Permanent Residency. Whats funny I received my requirements and documents to be submitted within 14 days. I received their letter after 4 days so it means I have only 10 days to collect to those requirements. I asked a month ago thru Email which documants should I prepare and they replied after 2 WEEKS and told me just wait for the letter from them. talking about German Bureaucracy well efficient use of modern technology like Letter and fax machine. 😂😂😂
A country that suddenly invites the people it hates, should not be trusted. The Germans still think that by funding the AfD as a neo-Nazi party, that they will be able to have another racial killing orgy like in WW2. The past era of the 80s & 90s were an inllusion based on industrial colonialism and banking Freemasonry that went dizzy as time passed. They don't realize that the world cannot admire delusional ideals.
When you submit papers, the government will scan them, and selectively manually re-type some pieces of data into their info system. 😱
@@oceanwave4502 Yes, that means AI is the gov stealing from us all, while we pay taxes for them to promote AI...then the gov takes your job and decides how much you are to have as opposed to them. This is why civilizations crash when innocence is crucified!
Thanks for sharing your situation 👍
Might not help you (sorry 😅), however for better understanding by people less familiar with situation "on the ground" in the country - I fear life might've been easier for you had you been an *unskilled* immigrant (via the asylum route) in Germany 🙃
In that case, you would've been sorted in by the system / by society as a "poor person from the Global South who has a right to instead live in Western Europe, particularly Germany if they want" (and you'd want to b/c that's where you'd be getting the highest welfare payments) 😅
Like this though, German bureaucracy is giving you a tougher treatment just because it can - you, playing nice, so to speak have your passport, residence permit etc. orderly in your desk's top drawer so it's easy to push you around administratively and deport you if someone needs to beautify their statistics eg. for an election 🗳️
An illegal immigrant on the other hand may be hard to even locate for authorities, let alone being made go ever again (no matter if unskilled but not a true refugee in the first place and/or repeatedly convicted of serious crimes after arrival - talking about řàpėś and múrdéřś here, just ask the Scandinavians) 🚤
These people, while criminal in "only" a minority of cases beyond their illegal presence in the country, usually get tipped off on attempts of arrest and often thoughtfully may have disposed of their passport / nationality when reaching Europe; they may claim to be from a place "more useful for the purpose", with nobody being able to prove the opposite, especially with the limited amount of investigation German border police is able (politicalky backed underfunding) and/or willing to invest (as they will only get hate for it from everyone) 👮♀️
Much like the "dinghy based survival of the fittest" EU immigration situation, the unfair German system for political reasons rewards the cunning, not the deserving 🤷
Oh you better go back then
As someone who moved to Germany as a software engineer 15 years ago, there are so many thoughts I have on this topic: (1) German bureaucracy is crazy, almost impossible to navigate, and the public workers are just stones on the road. (2) Germans keep saying that foreigners need to integrate, however integration has to sides: The society needs to welcome the immigrats who want to integrate, they however rather not interact with anyone whose name is not Richter. (3) Germans' suspicion of technology. When a new technology appears, German do not think: How will this help me? but rather: How will this be used against me? Which is why you see internet being more expensive and worst than almost everywhere else in Europe (4) Lack of investment: Just look at DB. Highways are also better in Spain than they are in Germany. These are some of the issues why I don't see much improvement in the near future, but perhaps I will be proven wrong
While I would agree with you on points (1) and (2) to be a problem, point (3) is not. Just look at the Internet, which has changed to the point, it is unrecognizable. Polish Railways had problems recently with some of their DMUs, because of a software update and the ability of their supplier to change contract post sale (Louis Rossmann had a video on this) and lock their property over the Internet. You have companies these days turning everything into subscriptions instead of innovating and creating products and new uses for their existing products to sell to customers. All they are trying to innovate, is the means of monetization, which doesn't provide new value. In current climate thinking first "how will this screw me over" is the right approach. Sure you don't adopt industry breaking technologies, but you also dodge bullets like Theranos and soon to be Tesla, which is clinically dead without subsidies. As for (4), highways are good. They're in better state than most places I've been to, and I've been to a lot of places. Those are not a problem. The railway though... Railway had caught a virus of bullshit ideas such as high speed rail and now, they're paying the price. Instead of focusing on volume of cargo moved by rail, building up marshaling yards and loading yards, all of Europe has decided, that rail can compete with air, which outside of overnight trains is truly idiotic idea, and focused on high speed interconnects of large cities. Instead of laying third of fourth rail, they've decided to increase speed, which is only usable by passenger trains and therefore the increase of maintenance costs have to be born by passengers alone, because freight doesn't need that speed. Instead of making the passenger trains longer by utilizing through coaches, they focused on speed. Therefore, I'd contend, that Germany, nay all of Europe, doesn't have a problem with the volume of investment, but rather, incorrect focusing of said investment.
@@looseycanon I do think (3) is actually one of the biggest problems, because it hinders technology adoption. True, we reached an innovation plateau where everything we do these days is monetization of existing ideas. However, things as simple as banking do not have wide adoption here. I recently did a travel throughout scotland, including some really remote areas. At no point there was a need for a bill. I can say the same of visting my parents in Spain. But attempt to go around without cash in any of the big cities in Germany: Berlin, Munich, Hamburg. At some point you are bound to find the obnoxious "Nur Bar, bitte."
I work as a software engineer with a small stint in the world of automitive. It was clear how mechanical engineers do not believe that software is complex, or even relevant for their car... in a world of software defined cars, were Tesla can fix breaks with an over the air update!. And this lack of respect makes that the best software engineers just avoid german engineering companies altogether, prefering to work for american companies if at all posible.
That being said, I do believe Germany has everything it needs to succeed. It just needs the will to take the right decisions.
@@asambatyon I see and raise counterpoints.
1) you still need cash. If not for other reasons, then because of your destination. Just try and visit Iran with just a credit card. I visited Netherlands a few years back. I wouldn't say, that the Netherlands are exactly lagging behind in terms of innovation. Hell, in certain fields, they're at the bleeding edge. You'd think, "I can pay with a card anywhere, right?". Well, guess what. I wanted to buy some icecream from a small shop and they refused my card, because it was a MasterCard, fortunately, I'm crazy enough to have bank with banks and one of them carried Visa, so I was able to pay, but that was my sole Visa card in a eight card setup! This is important, because most banks where I live only carry one card provider! Further more, about a decade earlier, my dad lived in Netherlands for a while. Back then, he told me the same thing about card acceptance. Either Maestro or Visa. A while later, he started trucking to Germany and at about the same time, his bank changed from MasterCard to Visa. Well, for a few years, he couldn't pay anywhere and only postal office ATMs took his card in Germany. This lasted about five years. And banking on banks, pun intended, is not as good of an idea either. Just recall the Trucker protests in Canada, where their prime minister had those protester's assets with banks frozen, to put pressure on them. It was an extreme, hopefully never to repeat again situation, but it showed the necessity of keeping some cash on hand at all times, even if everyone accept's cards.
2) while I'll admit, that pushing an update to someone over the Internet is convenient for both parties, there are problems here. What happens, when a company, that ran the servers for some kind of phone home feature, goes bankrupt and it's assets are sold off? Suddenly, your, in case of Tesla, is at best flying without updates, getting more and more vulnerlable to outside attackers, or worse, get's bricked and you'll have a very expensive paperweight. And that's just a decision by a company, what about errors? Say another Crowdstrike? Either way, you or me as customers get screwed over. We have seen this about a year ago with ANNO 2070, fortunately, the original team pushed an update and took over the server infrastrucutre, but where are guarantees, that others will follow suit? Nowhere. Another problem with pushing "update" to a device is EULA, fortunately, around here it's basically illegal to do, however, in the US, you can end up with update to EULA, forcing you into forced arbitration instead of seeking relief through the court system, and you can't decline it and continue to use a five years old TV for instance, or worse, as showed up with Disney recently, ending losing a family member in one of their parks, and Disney claiming, that because you've accepted a EULA for their subscription service, you can't sue, but have to arbitrate (this is like a year old case). The question really is not, whether software is relevant for a product, but whether it should be.The very concept of ownership is getting erroded away with these "smart" and IoT approaches. Is that worth the "convenience"? I'd argue not. Maybe those mechanical engineers see it from this angle? Maybe have a look at Louis Rossmann's channel. He's been doing videos about these "just push an update" shennaningans.
Ultimately, until approach of providers changes, taking the skeptical, nay parranoid route towards new technology adoption is the safer (ei more reliable) bet in my opinion. We don't need to adopt top of the line technologies, if outdated ones still manage to handle the tasks, they were supposed to handle. If not for other reasons, then because doing so will leave you without a backup in case of that new technology failing in some aspect. This, after all, is why, when you're shopping for a backup connection for your home/business, you don't go with Fiber/copper, because that's usually your primary. You go with a WISP, cellular, or, in case of really deep pockets, satelite/Starlink. Or why an EV is never the first car in the family... that is the old reliable petrol car. Because if the nice new one fails, you're not left in a river without a paddle.
@@asambatyon if they can fix it with a software-update, it was a problem in the software. Noone can fix hardware issues by a mouseclick.
However, Germans are mostly slow adapters. Especially on the customer side. Things have to "prove themselves" first before Germans are convinced.
There is still much hidden innovation going on, that doesn't show in the metrics. Research for example is mostly done in institutes, not in universities. The total hours worked are average but watered down in the statistics by lots of part time working women that largely do not work at all in other countries. Infrastructure is not brilliant but a lot better than in many other countries like the UK or the USA. Internet access has improved a lot in recent years and the expectations are higher than in other countries. People complain not having mobile phone coverage everywhere but no-one would complain about that in the depths of a national park elsewhere.
In the end lots has to do with two or three big issues. Bureaucracy is really bad and a large hindrance that must be addressed. Energy prices are inaffordable and the move to renewables too expensive to handle without nuclear power. And lastly the shifting demographics. Hereby both migration and birth rates are a mess. This is so bad I don't even know where to start ...
Immigrants are the problem
You highly overestimate germany's internet infrastructure, it's actually 4 times slower than the internet romania
i work with a German client, whenever our teammates travel to Germany we struggle to have a basic teams call. By comparison our net connection is 10 times better.
How did people not see it coming, I knew they were screwed in 2011 after the nuclear incident in Japan had them spazzing and they shut down all their Nuclear power plants because one in Japan got hit with a Magnitude 8.9 earthquake followed by a tsunami that was over 100ft/30m. Nothing we humans have built could withstand those 2 events on the same day.
Ya but let's blame it on the Russian for the German need to have green energy and shutting down nuclear plants
you last sentence is not true , look up Onagawa Nuclear Power Plant , it survived the 2011 tsunami and was closer to the epicenter.
Japan is one of the most earthquake prone regions on earth, not so Germany. The variables affecting safety of nuclear power are hard for the lay person to comprehend. I am more concerned about nuclear waste disposal, but what do I know?
@@carlabroderick5508 nonsense concern
Their American masters told them to destroy German economy.
Not enough room with China growing so much.
From all my travels in Europe, Germany is worse at the internet. A little better now, but still poor.
Really? Is internet in germany cheap?
Depends on where you are, in and around big cities it is very good.
@@TheHesseJames Yep, I noticed an improvement in the hotels, but they are still limited and controlled, better at homes (this is why I started to avoid hotels). Sincerely, for the video subject, I do not need to compare the internet. A teacher in Germany now has half the salary power compared with 1989 in West Germany.
@RoxyDump7 no very expensive
Germany is a US post-war vassal since it's debts to the IMF and World Bank building fonds of 1952 till 1990. Therefore it is not permitted to have its own internet without US say-so. As long as Germany stubbornly looked at Britain in the face without repaying post war debts, triggered the Brexit. And now that Germany begs Greece for Russian gas, while spending millions on Ukraine bloodbath, shows that the Nazi gene of trying to be the world's most wicked party-poop is going to backfire major. Foreign labor who recently went their, quickly changed location.
There are barely any Germans in Germany... it looks more like Afghanistan
Get out of Frankfurt if you want to meet Germans
Thanks Merkel
Wir schaffen das. ☺
@@oceanwave4502 Wir schaffen uns ab. 😭
@Yutani_Crayven
"Thank you USA "
Yes, thanks to Merkel, the current government aka Ampel and special thanks our transatlantic "friends"
Don'T forget - thank you Schröder; Thank you Scholz - our leaders of the last 24 years have been optuse at best!
As a German I can say this crises is real. It just doesn't make any sense to work here anymore. Your salary will be half of what you can earn anywhere else and what is left is eaten up by taxes. Now additionally pensions are heavily taxed as income (they were already taxed when you worked, so they are taxed twice now, I don't kid you). So in a nutshell: Employers and the state plunder the people shamelessly.
The actual reason why Germany shut down their nuclear power plants has very little to do with Russia and more so has to do with backwards German green policy Which didn't like the idea of nuclear energy because everyone remembers the Chernobyl incident and Green activists don't like the fact that nuclear energy is not renewable
Nuclear power is as green and safe as energy producing systems can be. Where did the people got an idea that renewable is important criteria? Nuclear power with breading is in practice renewable or infinite enough (for next 1000years, then this planet may be home for 100milion happy healthy people for which solar power may work). We should work out on problems of next 30years not naively solve imaginary problems for millenia.
@@msxcytb Wrong. Breeding reacts work great on paper, meh in test and commercially not viable. Too expensive. Nuclear is dead end.
@@robertbloch1063 time will tell. Breading exist and is not a fantasy, unlike practical fusion. Don’t judge prices based on one off prototypes.
Nuclear power is very expensive. When nuke plant gets old it has to be either shut down or you need to do a major and expensive overhaul to keep it running. Question is that what do you do? Overhaul and spend billions or invest the billions to something that gives you more power and with much less money. Nuke power is the most expensive type of energy. It can never compete with wind and solar. Even oil, goal and gas can’t compete wind and solar. Green energy has now exponential growth and economies of scale. This is absolutely correct thing to do from the Germans.
@@verttikoo2052 there is no high developed country which would get rid of fossil fuels from electricity with solar and wind(Germany is at best 30%ish there but with huge costs. Nuclear power did decarbonise France Sweden Finland Ontario and keeps prices of power in check(and that encourages heating with electricity, ev vehicles etc). Can you explain how it can be then? France does have clean and cheap electricity some 40years already which means gigatons of carbon not emitted in contrast to Germany.
Germany has a few systemic issues:
1. Strong, anti-capitalist attitudes among its establishment and political leadership.
2. Too much faith in the government (Staatsgläubigkeit). Too little initiative.
3. Conservative and collective decision making are leaving its industry behind.
4. Unfortunate congregation of events leading to high energy prices.
5. Overregulation driven by elites and idealistst with little real experience.
6. National obsession with morality and fairness, instead of doing what's effective.
7. Self-destructive attitudes toward Asylum and the expense of constructive immigration.
Everything you said here is BS, Germany was working just fine until the Russian gas was cut.
Congratulations: You've managed to get EVERYTHING wrong.
Germany's, and EU's problem, is becoming a lapdog of USA, and receiving all the fallback from USA's desperate imperialism.
It was fine, when it did it to Africa, Asia and South America, but now it's effecting Europe as well.
Soon you'll begin crying how you should have never sold goods to China ( even though YOU started trade war with them and YOU massively prospered from it in last 30 years).
I think you left of one very important item... No russian hydrocarbons.
@@coliv2 Yup, germany needs a lot of resources from the outside, russia was just perfect for it. But it's funny to see people from predator-capitalist countries with huge poverty rates and collapsing infrastructure jumping at the first opportunity to criticize germanies strong safety nets
@@coliv2 Another bot, the video your commenting on literally showed you gas prices in now similar before the war and sanctions.
ppl here in germany warned of it for easy 20 years....just got ignored and everybody is simping for the WEF & EU
0:45 "In Germany it's almost a national sport to take medical leave from work. And no, that is not an exaggeration"
You're right. That's not an exaggeration. It's a flat out lie.
As a German, everyone saw it coming, or at least anyone with a brain. You don't get to do austerity politics for a decade and then pretend to be surprised why all sectors lack investment all of a sudden.
Not really, there is no competitiveness after all the nuclear reactors were shut down. Then the gas from Russia was suspended. The manufacturing and the industrial production dropped down dramatically. How can Germany be competitive, relying on exports ? The only way now is the Euro to drop down from a cliff which will make the Europeans even poorer
20 years of awful leadership, EU ignorance, transatlantic obedience and an US assault on Europe's prime energy infrastructure are a deadly combination - especially for an alliance in favior of the US and in disadvantage of Europe (not the EU which is an US dependency)
Since the last century, many experts have said that the prices of consumer goods will decrease due to increased competition because developing countries will start industrializing, and this is of course the right of these countries.
The profit margin on various industrial products has become small because these products have become cheap worldwide. It is not only Germany that has changed, but the world has also changed. Many Germans live in the illusion that they can sell these products in the global market and at the same time workers' salaries will be as high as in the past.
Putin: Europe eats more than it catches
This is hilarious because multiple people saw it coming. Peter zeihan, michael every, and george freidman have multiple books calling it out way back in 2012
Peter zeihan is also telling about collapse of China from 2005 😂😂😂😂😂
@@xenon6947 I mean, he's not wrong. He said China will collapse this decade, which doesn't seem unlikely
@@hamzamahmood9565
China is not collapsing. It has not even peaked.
You probably find a book on every possible economic outcome of any country. I am sure there is a fallacy for that XD
@@zeissiez Lol China's population has peaked years ago, and it's just getting worse.
The truth is that without cheap energy manufacturing costs have skyrocketed and made German products uncompetitive. Shouldn't have blown up that pipeline.
But but but Putler or something.
the worst was shutting 21 nuclear plants that allowed them to be energy self sufficient. but they went woke so they had to open coal power plants and use more oil. lol lol wtf were they thinking
The lack of investment into new technology was our deathknell way before that. We could have been leaders on cheap green energy production and e-mobility right now if we didn't hold the progress back at every corner.
at first the reason for the economy slow down is the system which keeps young people from doing bussiness
second : taxes are high
third : people dont want to be stressed
fourth : you can get money just by sitting at home
I hope you will never come into a situation were you need welfare.
It is really not a situation anyone enjoyes - also not in Germany.
@@aarionsievo The tragic part is there's even a glimmer of understanding there that people might be in a position where they want to work but it's made deliberately hard to get off their feet, but then it's buried under the disdain for them and instead he concludes making it even harder is somehow the right solution.
Why keeping pushing the excuse of Chinese subsidy? US and EU also subsidying their car industry.
The truth is that Chinese work harder than Americans and Germans.
West just don't want equal competition.
The car industry is a strategic reserve in case of conflict. Their factories can and will be turned into military factories in times of conflicts, as it happened during ww2 and more recently in ukraine and russia. Keeping heavy manufacturing inside the country is worth the money because, once it's gone, bringing it back takes too much time and puts the country in very precarious position. Car industry subsidies can be thought of as part of the defense budget in this sense.
Because he had to mix some propaganda in between in keeping up with the Western tradition of blaming others for their own shortcomings and evil doings.
@@garak55 He was saying that Europe has no moral standing to decry about Chinese subsidies, because EV production in Europe is also subsidized.
When a company complained about the high taxes the german Federal Ministry for Economic Affairs replied, that they could just produce less, thus earn less which would then cut down their taxes.
Their advise on the "Dunkelflaute" (no renawble energy when the sun is not shining and the wind is not blowing) is, that companies should arrange that people work when there is energy available and stay at home when it isn't.
I sincerely hope that the next government will react quickly and turn the economy around.
Sorry, but loads of people saw this coming. It was just that nobody in mainstream listened to them.
Exactly. If you know, you know
I think even the mainstream was talking about it. Even on official state media there's economists criticising the government and detailing what exactly is going wrong and what needs to be done to fix it.
The not listening part is correct though, no one cared.
it seems like the collapse might be worse than we initially thought. The industrial slowdown is dragging down GDP, and exports, which have always been a strong suit for Germany, are declining fast
They are so far behind you need a telescope to see them.
Around 2016 I decided to terminate my fixed phone line. My customer, one of the biggest in my field in Germany, freaked out: "How will I send you FAX NOW? " Reminded him to check the calendar on the wall and that he has iPhone, can take picture and I get much better document. A lot of his customers still FAX orders in.....
Local Bavarian government is going to close fax lines, but still retain about 1600.
With all the idiocies they did in the past 10 years, they will be extremely happy if the get back to the place they were in 2008.
They WILL loose DECADES.
Lmao😂😂😂
Who is nobody? Bc everybody with a working brain saw it coming
Great video. Work over here in Germany has become insane. Discussion over here is focussed on how you can work less and force companies how to force companies to make this happen. At the same time businesses are crazily over-regulated, where it is literally impossible to set-up your own company anymore. You have to comply with so many compliance requirements that you have to employ so many people in administrative roles who do not contribute to business revenue that it is close to impossible to stay profitable. This of course leads to very bad internal corporate culture within companies as compliance is driving everything. People have not the mood anymore to contribute economic productivity under such conditions while they at the same time are legally entitled for limited work hours (work overtime is close to impossible….) and insane spare time with all benefits included (financed by a shrinking economy). Under such conditions innovations and creativity, the backbone of any economic thinking and prosperity, is suffocated in its tracks….
To compare the internet in Romania to the one In Germany is offensive, I Live in Germany, my Speed is around 1,5 mbs, 2 in a Good day,my mother in Romania has around 1G to a third of the price, So the Internet in Romania is a thousand times faster
No one saw it coming? Everyone who didn't put a blindfold on saw it coming
Britain hasn't recovered either.
Contrary to popular belief it's actually recovering & growing faster than was expected & is likely to do even better in the mid to late term due some policy changes by the now grown up government
@@Lando-kx6so Shhh. Don't say that. The remainers get all upset when their cherished beliefs are questioned and challenged with, you know, facts.
@Lando-kx6so that's not true all growth is just from deficit spending not increasing productivity
@@ambessaseway5594 it's true
@@bseddonmusic1I’m not British but I’ve studied Economics & Business and your economic data is horrible after you left the EU.
I'm from Germany and I can tell you the situation is even worse than shown in the video. Expect Germany to become a 2nd world country in the next 10-20 years.
Ten years ago everybody complained about Germanies export imbalance. Now when cheap labour brings factories to poor european countries it is wrong again. It is not bad for the EU when people can stay in their countries and factories come to them. Poles and Romanians do not longer have to go to Germany or England, they can stay and earn good money. This higher income will drive the economy. So no bad thing at all. And those countries enable german companies to produce with low labour costs, like in China.
go woke go broke. german style
Going woke has nothing to do with it, because German was the latest Germany to become LGBT in 1978. In order of appearance, Britain became woke in 1928 almost at the end of the roaring 20s in Paris where France became woke in 1871, Turkey was already woke in 1853 while Britain was imposing anit-wokeness in its African colonies....China never was unwoke since 8000 years. India only became un-woke for a short period from 2014 to 2018, and re-embraced its 7 ancient sex-temples which attract anti-woke tourists every years to satisfy their voyeurism. German went broke because it was not woke! Now they are trying to be more woke than everybody else, in hopes of winning a losing battle...and nobody is buying it.
Germany is broke because of not appealing politics regarding those who can contribute to the economy. I studied in Germany in 2014-2016. I wanted to stay there for good but me and my wife wanted kids. Family is unaffordable in Germany especially for working migrants (not refugees, hartz 4, etc) . So we moved back to Russia. And I don't regret. We have three kids and our own apartment.
@@paramadim A lot of foreign workforce are leaving Germany now. The recent influx of foreign professionals which were to stave the exodus of German educators leaving the country, are now leaving again as well. The phenomenon of braindrain hitting Germany as the first former colonial country to experience braindrain, makes other countries realize that the braindrain that befell colonial slave-territories has now finally backlashed on those who bare the blame for the world's inequalities.
@@paramadimI think the same. I am German. I even can't afford a cat, but millions do not work.
We have incompetent green economic minister in charge.... the plant are not closed, they "only" not produce anymore.... absolute insane!
Germany uses gas 4-5% of its energy mix and that is going down. UK uses 23-24% and nobody gets stressed about that.
UKers are stressen a lot by the prices.
It is their problem. They do exactly the opposite what they are supposed to do.
I remember when Trump addressed the UN and said that Germany buying their oil and gas from Russia was going to end very bad for them and they were laughing. Not laughing now.
Obama also addressed the European Parliament and said that Germany's reliance on Russian oil and gas was going to backfire, I'm pretty sure Bush Jr. said the same thing. It was a very obvious weakness that Germany bullheadedly ignored.
There is still a functioning pipeline with cheap Russian has. All Germany has to do is press the button and start the flow again. But Washington might have a problem with that.
So should the Germans buy their energy from the cheapest sources, like good capitalists do, or only buy it from their bros?
@@wellardme Dont tell lies... russia stopped delivering gas on their own. Germany has no say in this.
🤔
🤨
Well, technically, it was STOPPING with buying their cheap gas that is the problem.
Well, I hope I don't have to tell you that we have a housing crisis over here as well which is the reason for why such a low amount of people do live in their own homes. The government fails continuously to meet it's own target of providing social housing (in cities) while rents too are becoming more and more expensive. At the same time, they are not able to persuade people to move out of the cities to rural areas which could help diffuse this situation a bit. No wonder, given the lack of possibilities for jobs or higher education that comes along with it. Which itself is not encouraging companies to start out in rural areas.
Yes, we are slowing down economically. Yes, it was a dumb idea to put our money into gas infrastructure. Yes, we might even be lazy workers. But there is still more to it than discussed in this video.
Your a bit late with this. The Duran have been talking about German deindustrialisation since the beginning of the Ukraine war
There's some good truth in this video and some stuff that has less than no merit. The issue is that it's going to be hard for non-Germans to tell one from the other.
That happens when AI starts hallucinating, and team cannot be bothered (or is unable?) to do basic fact checking.
Everyone who lives in Germany and works in the Industry and not for the Government saw that coming
Thanks!
So which shadowy, clandestine party convinced them to trust there economy on shaky renewables
They trusted russia got dependent on LNG at the same time shutting down nuclear energy. And at the same time trusting china will be their growth
The renewables reduce the dependence on Russian gas 🤷🏼♂️
Renewables? err Schroder sold them out. Getting rid of Nuclear early was also a mistake.
@@nightmark2120they trusted USA Russia did nothing to Germany Russia help Germany to be a superpower by literally giving them free gas..USA wasn't please and put a wedge into the relationship don't blame Russia 😂 because they wanted to sell their expensive LNG state facts it was Germany that close the taps.. big idiots
@@capgermany8500 yeah, but they are going skint.
Peter Zeihan saw it coming 10 years ago.
All their best workers are retiring.
Social expenses are the main budget position. Germany pays since 2015 ~50bn Euro per year on migration only (factoring in extra expense on healthcare, housing, additional state employees and burden on health care). Germans voted for it so it’s fine to spend most of the freely allocated budget on mostly unproductive and not integrated people from Middle East and Africa. Though, I don’t understand complaints when economy now goes down and public transport is a nightmare due to underinvestment.
Richtig. Die Leute haben es gewählt und werden es im Februar wieder wählen. Wir (3 Generationen) hoffen, nach Amerika auswandern zu können. Wer jung und gebildet ist: schnellstens raus aus diesem 3.-Welt-Land.
lol Lots of people saw it coming, we were just branded as "extremists"
Sind wir immer noch. Oder das schlimme Wort. Arbeiter werden nur noch beschimpft und ausgenommen. Dabei war es immer unser Stolz, niemanden um etwas bitten zu müssen und uns selbst zu ernähren. Vorbei - Bürgergeld wird total ausgenutzt. Dank an unsere grüne Regierung und Frau Merkel als Vorbereiterin - I hate you and I will go to a better country.
I wouldn't call medical leave a sport, but it is something that is done everywhere once in a while. Your employer is legally prohibited from calling you while on medical leave and is also not told the Diagnosis because it is private. There they just get the "Yellow Paper" saying from when till when you can't come to work and that's it. The best they can do in that case is fire you, but this can't be done for the medical leave. So they have to somehow find a reason for it. This means that if you work productively and high quality but are on medical leave every month for some days, you basically can't get fired. Oh and you can now just call the doctor to get medical leave, you don't even have to go there anymore lol
Thanks Biden, thanks Scholz.
😂 Every ONE has known this( Germany falling behind) Since at LEAST 2014…..
Tesla#1🇺🇲
Thanks Obama and Biden !
Not Biden's fault at all. He passed policies that benefit the USA, like any leader should. Germany making poor geopolitical decisions is what has led to its problem. The USA has been overly generous with Germany, and now that is changing.
I lived in Germany for a while and am Romanian... I don't know what you're talking about.
If we're comparing urban internet... we (romanians) have fiber optic cables going into our homes in Romania, Germany still runs on coaxial cables (not even CAT5 ethernet cables).
Mobile internet is cheap and in boom, with unlimited mobile internet plans at 5EUR /mo.
Germany is a joke when it comes to internet, high prices for mediocre service and antiquated hardware/infrastructure.
And it makes sense, in the 1989 we barely had landlines for everyone. We leapfrogged directly to mobile phones and high-speed internet.
Easier to build the latest and greatest infrastructure when you don't have a crappy old infrastructure to compete with.
Kinda hard to take this video seriously when this basic research doesn't seem to have been done. Even articles in the past put our internet infrastructure in top rankings.
Careful about judging "antiquated" technologies. Truth is, you don't need fiber to the premises. One, you can easily push 200 megs over telephone lines, depending on how far DSLAM is. Coax is dedicated data cable and can be superior in some applications. Hell, these days, you can buy MOCA adapters and push hundred megs at longer distances than with Ethernet. And here comes the question. Do we actually need those speeds? Get an ER-X, put it into your network, log into it and try to fully saturate your connection. You may achieve it, when installing a new game from Steam, but how often do you do that? The answer is, you don't. We don't need multigigabit to home and likely never will. Hence why these antiquated technologies persist. They are adequate to current and future needs and everybody already has the gear they need to connect to the system. Buying newer, simple cause it's newer, is waste of resources under such conditions.
Yes, Romanian internet is one of the fastest and cheapest, in my country we are waiting for digi to become fully operational and destroy our telecommunications cartel.
Most of my country has fiber but it isn’t cheap, personally I have 300mbps but i Know people with 1gbps and you can have 2,5gbp if you don’t mind price.
Universities (like RWTH TUM and KIT) in Germany are fairly well connected to the regional industry. Especially in engineering.
this guy has no idea what he is talking about, german universities are ranked low not because they are bad, but because of how those rankings are conducted.
@@ahmedgouhmid6132 also i think most are specialized, don't know how that factors in
Sprich vlt. für die technischen Universitäten und Hochschulen. Der Rest ist für die Tonne. Spreche aus Erfahrung. Das Angebot was wir zusammen mit der Industrie hatten war fast nicht vorhanden.
Those rankings are an anglo circlejerk.
The moment you realize history is written by winner. America is powerful so it can enfore its will on the world: what is supposed to be the "best" university. Note that this can become "self-fulfilment prophercy". Harvard is great because of supposedly good education or because many talented believe in the reputation, and come to Harvard to study, many of them will eventually become super-successful (because they were already good, highly skilled, highly connected even before coming to Harvard). Europe will be at the mercy of the USA in terms of innovations and reputation.
Stop cheap Russian gas from coming
Suffer consequences
The US asked, they had to comply as perfect submissive people.
@@coliv2 asked? They blew up the pipeline to try to make sure Germany couldnt use Russian gas any longer.
Gas prices are now pre war levels in Germany.There are other reasons
@@Xenthoid yes, you’re right, the US should pay for this. Good luck trying to convince Germans of this, though.
@@coliv2That doesn't even make sense. Germany itself doesn't want anything to do with the Russian economy.
The US is more concerned about China instead of a dying country that's a shadow of the former USSR, and makes nothing the world wants except oil and gas.
either you misslead interntionally or you don't understand statistics ..
the working hours are so low because many work part time not full time but are counted as full time workers, typically families with offspring where one parent must be home after school
count the hours worked per FULL TIME working person and you will have gemany in the upper third
So ist es.
Literally, I can't get anything done in Germany because everyday either someone is on holidays, is in sick leave or simply doesn't communicate/ communicates so slowly.
Germany has multiple issues contributing to the decline. All of them stem from Germany's lack of adapting to change. May it be language, digitalization or even competion Germans are very reluctant to accept the new normal.
They sure did adapt fast enough to all the co2 bullshit that destroyed the auto and engineering industries and all the vaxxport bullshit that destroyed small businesses.
I don't think the reason people don't buy a BMW these days is because Germans are not adequately digitized. The real reason people don't buy a beemer is that everyone knows these cars are a ticking timebomb - one fault away from being written off. This is because of ll the EU safety and emission requirements - which Germany obviously has a role in creating. You end up selling a car that is neither as reliable as a Toyota nor as smart as a Tesla.
And when the economy begins to collapse, you try to keep GDP up by importing millions of immigrants (I am not anti immigration - but Germany obviously dialed this to 11)
Germany's issues sound like they are created by the government that has gone insane. I don't think it is because Germans don't like digitization or because they are lazy.
i saw it coming when they gave up on nuclear. I also saw it coming when they desperately siphoned millions of Syrian refugees in a desperate attempt at saving their economy.
Mrs. Merkel is the mother of Germany's current problems 😢
"Russia corrupted Germany to shut down its nuclear plants"?
Erm, I am sure it was a knee-jerk reaction to the Fukushima meltdown that made the Germans to get rid of their Nuclear Plants.
Jesus Christ, this channel is such a disappointment since that bald guy left.
As a German, that statements' stupidity made me stop watching the rest of the video.
considering Schröder was a strong advocate of the Nord Stream 1 , and ''under Merkel tenure, Germany and Europe was weakened by a dependency on Russian natural gas, including the Nord Stream 1 and Nord Stream 2 pipelines,and that the German military was neglected, disorganised, and underfunded. By late 2021, Germany was importing 55% of its gas, 34% of its oil, and 52% of its coal from Russia. ''
it wouldn't be too far fecthed to see how muscowy would've profited from financing different german anti-nuclear ''eko (coal,gas)'' movements.......
The decision to get rid of the plants by ~2020 was already made in 2000, revoked in 2010 by the same politicians who reinstated it in 2011 in almost the same way😂
The decision that nuclear energy was to be phased out was made so long ago that people in the last 25 years didn't even think about getting qualified to work in that industry. The resulting lack of qualified personnel makes it pointless to now consider starting nuclear power again in Germany.
That's clear example of "wishful thinking". Really poor quality video.
4:22 Let's not mention that the world's nuclear power industry is more heavily dependant on Rosatom, Russia's state nuclear power company to provide the low enriched uranium (LEU) most commercial power reactors are fueled with than the world is reliant on Russia for it's natural gas. It is unlikely Germany could have relied purely on French LEU supplies to keep fueling it's reactors after 2022 if had kept them in operation. Hello Russian LEU imports. The U.S. is only now looking to phase in import restrictions on Russian LEU starting next year and moving to complete replacement in 2028.
Germany has its own self to blame for following the USA
The US has been purposely sabotaging the EU so that they do not regain their status as global hegemony. From the green "revolutions" in the Middle East and destabilization of Libya that flooded the EU with incompatible cultures to destroying pipelines and cutting them off from cheap Eastern natgas over the last few years. This was all engineered...
"The United States was again the largest supplier of liquefied natural gas (LNG) to Europe (EU-27 and the UK) in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ. Last year marks the third consecutive year in which the United States supplied more LNG to Europe than any other country: 27%, or 2.4 billion cubic feet per day (Bcf/d), of total European LNG imports in 2021; 44% (6.5 Bcf/d) in 2022; and 48% (7.1 Bcf/d) in 2023."
"European nations - including Sweden, Poland and the Netherlands, to name a few - have become "huge customers" for U.S. military hardware, he said. In fiscal year 2023, the U.S. did more than $80 billion in business through the foreign military sales system, including grant assistance. "That is a record," Hursch said."
Trump warned you guys against relying on Russian gas. German officials publicly laughed at Trump saying this at the UN. Then Russia cut off most of the gas and Germany began to faulter. Of course Germany allowing Biden to blow up the Russian gas line was mega stupid but everyone should know not to follow leftists since they are dumb no matter what country they are in charge of.
It's its own fault.
The USA warned it on being over reliant on Russian natural gas. I don't like the orange man either, but it's just common sense. Natural gas isn't even green anyways.
Yet what does a major political party do? They demonized one of the cleanest forms of energy, nuclear power. As though solar and wind, both variable power generation, can hold up the entire energy grid.
Make BAGUETTE Great Again 🥖
We the global south realize how naive Europeans are in thinking that the war is all about democracy vs. authoritarian, and not about someone wanting to protect their hegemony/supremacy/exceptionalism (by weakening Russia and maybe China next).
The taking of sick days really is a national sport in Germany. I work in a multinational and we had a boss/client who literally took 2-3 months a year in sick days. Every time we needed him he was nowhere to be found. He employed a guy who's main job was to replace him whenever he was not at work. And he had a huge salary - he bragged about buying a brand new Mercedes EQS (a terrible depreciating car btw) when it was a new model.
We (in Romania) were working twice as hard an we probably had 20% of his salary.
And this guy wasn't even the only one, all of them had at least 3 weeks of sick leave per year.
That's German efficienty for you
If you need a loan we will be here for you.
Greetings from Greece!
Hahahhaha greece hasn’t money.
Except Peter Zeihan has been talking about this for years.
OMG yes I was going to say the exact same thing. Good to another zeihanite out there. Have you watched the podcast in the channel @MarcFriedrich with Peter. The entire comment section is literally bashing on how stupid his take is. I keep comment after 1 year what do you think nobody will reply lol.
Lol all he does is talk. Throw a bunch of shit against the wall and you are bound to hit it a few times.
They saw it coming. If indeed he is right with the rest of the predictions, china collapse stagnation or even collapse will be an headache for the rest of the world.
@@instanoodles Then tell me which part he is wrong in demographics, supply chain, geographic advantages and disadvantages or debt. Please elaborate.
@@julioalmeida4645 Peter assessment it be great for the US because it reindustrialized the US again.
The idea that Germany is going to solve its energy problem with wind turbines is laughable. Without cheap hydrocarbons (and especially nuclear) their industries are screwed. In the US (where hydrocarbons are still cheap), Big Tech is desperate for nuclear power to run their datacenters.
I remember when I was in Miami, I met a German who was on “holiday” for an entire year.
I am German (born and raised) lived all over the world and now live in the US.
When I was a kid in the 50s German workers got up at 4 in the morning, because at 6 the shift started. No not make noise we were told your father works the night shift. They were doing 3 shifts in the steel smelter... and these men died young (to be sure, these were the men who survived the war). Widows everywhere. But our generation the boomers were experimenting with "alternativer Lebensstiehl" (alternative way of life). It was the hippy generation, but we all grew up, cut our hair short and wore suits eventually. The boomers eventually started working hard. But out of this generation came a new trend which was ultra environmental conscious... the greens and this movement morphed into an ideology that "true quality of life is not measured in "stuff"" And Germans worked less and found all sorts of excuses for it like (work smarter not harder)... and over time, people took this to the extreme.
Most people in Germany "Do Not Strive For More." Arguably a healthy way of life, but it does not make for good economic numbers.
9:47 - there's absolutely debilitating BUREAUCRACY and treatment EVEN if one knows the language.
Everyone saw it coming!
Do you have a bias for bigness?
at 0:20 you have a graph per capital consumption
at 0:38 labor hours per worker
kewl
then at
1:14 Value added to manufacturing
you compare Germany with 84,000,000 residents
to Switzerland 9,000,000 population
Germany is 9x the size of Switzerland
is that fair?
Vote the greens into the parliament and that's what you get.
A message to the whole world: NEVER, NEVER, UNDER ANY CIRCUMSTANCES let the Greens come to political power! The Greens are the worst cancer!
Very qualified comment! So you are saying that this enormous downfall happen just in the last three and a half years and this is not the result of sixteen years of Christ democratic government under Angela Merkel?
Sorry to burst your bubbble, the greens were the ones trying to invest and get things moving.
Think! Who in parliament right now is calling for not spending any money and keeping everything as is, even though "as is" means spiraling downward?
Those are the ones you should take a critical look at.
Germany invested too much in EU but getting almost nothing out of it.
If German economy collapse more, i just want to see how other EU countries not helping them. 🤣🤣
Nobody will spend that much money to EU anymore...
The internet infrastructure in romania is one of the fastest in the world. Please do some actual research before you do a video
incorrect info: China DID NOT stop producing German cars. It still does.
China invested in its own primarily EV tech but about a third of Euro int. combustion cars are still made in China and bought there frankly as they can afford it
No one see it coming😂
The whole collapse is engineered by American intelligence agencies
Is Germany still using fax machines? I left Germany 🇩🇪 in 2013.
GDP will grow because of three things.
1. Kebab/Dönner shops
2. Number of Mosques built
3. Money handed to Asylum seekers will eventually run back into the economy. And will increase GDP.
Masterstroke by Germany ❤
😂😂😂 Mashallah Germanistan.😂😂😂
Don't blame your failures on others
True but 1.3 Million Ucraine refugees have the highest rate on benefits 80%
@@ambessaseway5594Because they are the most recent. If you have ever interacted with Ukrainians you would know that this situation isn’t imminent.
what on on earth is this comparison?? Romania has one of the fast internet speed in the world ,in europe could be the fastest.
Germany has lost its biggest customer China and the biggest cheap energy supplier Russia, nothing is worse than that
germany has a lot of skilled work force, which they prefer to use as delivery drivers rather than engineers...
I think Josh is a bit unfair to Germany (and Europe) when he only talks about universities when it comes to scientific research, even though a large part of scientific research is done in Germany (and some other European countries) in scientific research institutes instead of universities (like Max Planck Society, Fraunhofer Society, Helmholtz Association, Leibniz Association). if you are looking for listings of the world's best scientific research institutes; then Germany gets 2 in the top 10, while the US gets 3, China gets 2, and England and France both get 1. So not bad at all from Germany.
It's an atlanticist channel, sort of like the spectator magazine in video form.
It's permanently biased against Europe/EU.
Target audience want the 1980s back.
@@tedcrilly46Look at Chinese rankings. American universities still come up on top
US universities are, on their own, research institutes, something that got lost in Europe. In that regard, Germany can't compete, neither can the rest of Europe even combining all the countries and acknowledging the continent is far more populated than the US.
They prefer lists where universities pay to get in😂
They prefer lists where universities pay to get in😂
China did not copy the Europeans in Car they did their innovation for EVs. Germany's carmakers got left behind .
The German worked hard using machines
The effectiveness based on the high quality machines
But it needs cheal energy to be competitive.
So, after cutting Russia, Germany had to buy expensive energy from the US
That's why Nord Streamed 🤣🤡🤡🤣.
Germany built an economy on cheap Russian fuel. they knew it wasn't going to last long... i remember geopolitical analysis talking about this over a decade ago. no surprise.
@@Rattler808 We always had secure fuel deliveries from Russia and would have kept receiving them, if not for our current government, that didn´t even care when a terrorist attack was launched on crucial german infrastructure, which effectively forced us to buy overpriced fuel everywhere in the world.
But hey, it played right into their plans, so why start a thoruough investigation.
And the politicins and their "experts" are wondering why the political right wing is getting so trong.
They shut down their nuclear plants for green energy and that didn't work out well.
and the usa didnt give help to germany for cheap, theyre selling extremely overpriced lng gas, usa only cares about itself not its allies
This video cherry picks facts re German Chinese trade. Germany exports very few completed cars to China and instead manufactures locally within China, mostly with parts manufactured locally as well. So that relatively low figure for German exports to China doesn't reflect how much Germany is exposed to China. If German exposure to China were as limited as the low export figure cited in the video, then surely there would not have been so much recent talk in Germany of "de-risking" from China
Everybody outside EU and US saw this coming. 😂😂
I think the US knew.
As a German it was clear that this would happen. Infrastructure, bureaucracy and Demographics don't change over night.
I am from NL and even I saw it coming.
Everybody beside the woke main stream media saw this coming.
@@nidhogg6344like Fox? 🤔
People can only be so productive. Eventually it levels out because you can't push more productivity on workers.
short hours and medical leave is NOT the problem 🙄
It reduces productivity🙄
@@chazbertino6102 so what,if germans are happy with it.
@@athos5359they are not. Wait for the election in 2025.
@@athos5359 Will they be happy with it if it makes German the sick man of Europe and reduces national wealth?
I agree, they have better life while working less same with the Netherlands meanwhile we in southern Europe work the most and we are poorer and our productivity sucks.
So the pretend to work mentality is a dumb mentality that infested my country.
Also is known that German prefer to get sick leave than go to work sick and infect coworkers and i see nothing wrong with.
Langage is also a problem, and its fintech is absolute outdated.
You know you are watching a very big brain content when the host suddenly just ad-hoc declares that "the most successful university programme in Germany is about de-growth" (press X for doubt) and then his mouth starts foaming as he concludes that "it is worse than communism" :-D WTF was that.
American living in Germany, and yes a lot of sick calls are normal. I run a two man job by myself most of the time. Complain to a doctor and get a week or two off guaranteed. I don't go to the doctor unless I really need to, but Germans are out sick a lot.
Honestly speaking, I don't get impressed when some poor country hits the headlines as being the fastest growing economy and such.
This is because, most of this so called growth is just paper growth with little to no real improvement in an average person's average income and standard of living.
Thanks to rapidly growing population, per capita income shows negligible growth.
Despite reporting high gdp growth, several of these poor countries don't have any improvement in basic amenities and infrastructure, don't have any major reforms Implemented, can't stop brain drain, sees worsening social order, sees increasing corruption, sees increasing income inequality, poor social security and don't have any plans for sustaining the high growth.
Average incomes of the people may increase, but the costs increase faster resulting in negligible improvement in purchasing power or savings. Increase in unexpected costs and weakening currency add further fuel to the fire.
There is no improvement in the quality and variety of products and services, education, healthcare and human capital development either.
A lot of these countries are destined to get stuck in the middle income trap and face resource shortages and climate change effects as well. Some of them are doomed to face some economic crisis as well.
Hence, before getting overhyped about a poor country being the world's fastest growing economy, dig deeper and find out whether these underlying issues are getting solved or not. Mere GDP growth does not make a country developed. It involves solving the underlying problems mentioned above as well.
For an example, people who lived in the US in the 50s or the UAE in the 80s and 90s know what real growth and development is. This real development is not experienced by people who live in these so called fast growing economies.
Thanks to European Union and far left German Goverment. Next Year comes the german change with the AFD
sorry but the "Average hour" statistic is just bad to use for an authentic video... since there are all people included like mothers, sick people, students etc that work maybe part time... if you look up median hours work its more similar to the rest of europe
Taxes and language. I have struggled to get to B1 German and am close to graduation from my masters. every single company I have talked to wants C1 or C2 German. Only a small minority are willing to begrudgingly take B2. I just want a job I can work in the day and take German lessons in the evening to get to their high standards but that requires money I just cannot get without the job. This is the story of basically all of my classmates. So many excited companies at job fairs and when you are honest and explain you are only B1 the light in their eyes dies.
Anybody else felt like this was mostly bashing on Germany for no reason? Like I don't like the German government either but damn, this felt personal
Simple case of Schadenfreude.
All of the 'visual-' channels are politically biased against everything Europe/EU.
I think maybe they're owned by salty Tory Brits.
Especially when it bashes degrowth ideas without explaining why.
yeah this video was just what i expected tbh, i was let down.
@@andersonbnufalifyDoes it need any explanation or justification? This is almost as unnecessary as to explain why genocide is something bad.