American reacts to The German Economy Explained
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- เผยแพร่เมื่อ 1 ต.ค. 2024
- Thank you for watching me, a humble American, react to The German Economy Explained
Original video: • Don’t Underestimate th...
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"I don't pay good wages because I have a lot of money, I have a lot of money because I pay good wages. " Robert Bosch 1861-1942 Company founded in 1886
sadly that doesn´t work in every industry, but since many companies in germany complain about not finding someone to fill their positions, maybe they should think about it.
@@bigpapa1954 I am looking for a specialist for my poorly performing company who can put me on a par with companies like Microsoft. For this I am prepared to pay a salary of 60,000 euros a year plus a fruit basket a week.
@@bigpapa1954so you think paying lower wages will help finding new employees? Did you understand the quote?
@@karinland8533 you clearly couldn't comprehend his answer.
@@wWvwvV please enlighten me
Taxes only feel low when you get something in return that makes em feel worth it. Imagine you guys would get free education, like we do here.... then your taxes would feel much better i guess
or if the USA had a proper healthcare system!
@@neilfazackerley7758 well they can kinda blame themselves for that, i mean obama tried to implement one but had massive backlash with his tries, apperently at that time they didnt want any or at least only the minority wanted it.
Free education, universal healthcare, 30 days paid holidays a year, "Arbeitslosengeld" (if you get unemployed, you still get 60% of your former salary for a year), the state pays retraining if your work of field does not have enough free workplaces, cheap groceries (even if it got more expensive, it is still low in comparsion) and great infrastructure (public transportation, roads, mains supply). I am happy to live in Germany and i would not go to live anywhere else, sure we got our problems, but overall we are pretty lucky!
Lucky.. thats not luck. 90% of all economic experts say Germany is going down slope.
Higher taxes, higher bills, trade sanctions, inflation, on the brink of war... thats not Luck...
@@germaniatv1870 That is EVERYWHERE, dude... We still are very lucky comparing to other countries. I know you are german, because of your name AND your nagging :)
@@germaniatv1870inflation in Germany is low to extremely low, by historical and modern international comparison
@@tdrs1765 2,5%+ Inflation rate.
You pay double the amount for your electricity bills (example). Noodles no longer 39-49cents, in many cases 79cents to 1Euro, thats double the price.
So, to reduce inflation, you raise the taxes.
But when will you stop raising taxes to reduce inflation?
@@germaniatv1870 Steuernsenken wäre reines Gift, denn dann wird’s wirklich Inflation geben und nicht diese lachhaften saisonalen Teuerungen, die es immer hat.
Hat nur bis vor 2 Jahren kein Schwein interessiert, weil die Russenbots noch weniger aktiv waren und die Deutschen noch nicht ganz so blöde, dem Ivan auf den Leim zu gehen
The German economy is actually quite good. If only the people weren't so negative. If you ask around, you can quickly get the feeling that we will be at the same level as Tanzania tomorrow.
Yeah, eG from Media and asking around: 0-1% plus: we will break tomorrow and nothing gets to buy 😅
Right, right? I don't get it. If you'd ask the average Otto (Otto Normalverbraucher) anywhere, what he actually, *objectively*, misses in his life: nothing, really. Doing just fine.
Right wing weirdos, who never held a job for longer than 2 years, moan the most.
Yeah even with GDP stagnation we are fine. Just keep a eye on Inflation.
Complaining is our national sport, even more popular than football. We love to complain and always find something to complain about. And in the unlikely event we don't find anything to complain about, we complain that we couldn't find something.
Those numbers are in (us) trillion.
US average tax burden is 30%, Germany 37%, OECD is 25%.
The Bosch logo is a double-t armature out of an electic rotor. They made it after their old logo was taken from them after the first world war.
They are very special to the german economy, because Bosch is a for profit charitable organization. 94% of it is owned by the Robert Bosch Stiftung, which is a charity. They are supposed to make money, so the money can be spent to do good things. Their main measurment of how well they are doing is "how many people work for us".
Stability trough innovation is how the german economy works and Bosch is probably the best example of it. They invest heavy in new inventions, hold loads of patents, but reinvest in people, too.
Did not know that about Bosch. Guess from now on I’m buying Bosch
It's hard to compare. What does "tax" include? For example, how do you classify contributions to compulsory insurance?
Or what if compulsory insurance is not compulsory for everyone, but leaves the choice to a relatively few privileged people? (In Germany, this is the case with health insurance..).
Taxes for companies are not the same as for us citizens! If they speak about low taxes, they usually mean for companies. Lowering taxes for companies can even mean increasing taxes for the citizens.
A weakness in Germany is the lack of digitalisation also a lack of affordable housing. It slows growth and processes. However, the good things in Germany outweigh the issues. Strengths include social programmes, the health system, free education, research, the large number of middle size companies, good industrial relations, the good roads (Railways too, though struggling at the moment). Some Germans are moaning about stuff too much.
Ita not struggling a lot anymore. Compare the last 2 years with 6 to 8 years ago where a fucking 2×5 meter square road at a bus stop needed 10 months until it was finished while nowadays it only takes 2 to 3 months
Digitalisation is code word for Police-State, Social-Points, Cameras, Microphones and Sensors.
Social-Points Dictatorship, in a way.
You be happe we Germans moan that much. If we didnt, we would be stuck in Quarantine-Camps for not getting Boostered up.
If it wasnt for us moaning Germans, the Germans would already be at world war 3.
Be happy we moan. 🙂
@@germaniatv1870 what nonsense. Digitalisierung of government, allowing people to do things quickly and efficiently is what is means. What you are talking about is what the DDR was doing. Nobody wants that back, but we do want this stupid culture of not being able to get appointments online, not being able to get passports online or licenses etc. Also schools stuck in the 80s with chalk boards and no wifi.
@@neilfazackerley7758 Digitalisation is connected with Digital-ID and a Internet-Führerschein, a Social-Credit-System and a Cashless Society.
The Germans invented alot of pretty stuff, but they love their cash and their privacy. Which is interesting. You really need to force the Germans to give that up.
Why the heck would you want to remove chalk-boards? 🤣
Wi-Fi? Wi-Fi for what? Facebook, Instagram, TikTok?...
Im all for reading physical books in school.
I dont want a Track&Trace Digital-ID Social-Credit/Cashless Society.
That is why "Digitalisation" is slow in Germany.
Come on man... i love my chalk-boards, dude.
😄
Good education makes a good economy. Low education makes a lot of soldiers.
low education also makes people vulnerable to poor political decisions when it comes to voting. Look at the USA and Trump!
@@neilfazackerley7758 Indirect voting doesn't make a real democracy, but in the USA it makes the winner, so even education would have a hard time on that problem.
The Bosch loge is a schematic electric motor. A coil of copper wires around an iron hammer to rotate in a round housing.
Taxes. By way of comparison, social security contributions (pension insurance, unemployment insurance, health insurance, long-term care insurance) are included in Germany.
From what I know corruption isn‘t a big problem in Germany. At least not as bad as in some other european countries.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
You are serious, are you 😂
Thank you Ryan i think your videos are always so informative and a great benefit to humankind ❤❤❤❤
Quick Side note, the Dalai Lama says compassion solves every human-made problem and leads to lasting happiness. I personally am still figuring it out with the happiness thing and i encourage you experiment too with it, stay awesome ! ❤❤❤❤
4:10 [China] "they produce so many goods"??? The more I have first and second hand experience with Chinese products I dare to say that they produce "goods" is over exaggerated.
more like "bads" am I right?
He's wrong about Norway,it was already rich prior to oil.just not the richest.
He just said that they can offer this high living standard because of the oil. And that´s true.
It has the biggest sovereign fund in the world it's like 2 trillion Euro or something.
Mainly from oil !
And I don't think much of that will be returned to it's citizens just the elites !
3:39 this picture is from my neighborhood: Haltnau between Meersburg and Hagnau on Lake Constance.❤
"I can see my house from here!" 🙃
@@dnocturn84 Grüße aus Radolfzell, aufgewachsen in Unteruhldingen. 🙋♂
All the crappy US political stuff popping up all over my youtube---you don't know how happy I was to see your post!
So im gonna challenge your world view a bit here.
the US spend 17.3% of GDP on healthcare in 2022
the OECD average was 9.2% of GDP in 2022
the US spends 3.5% of GDP on the military.
if you got control of your healthcare costs and got them inline with the OECD average you would save 8.1% of GDP.
this means that you could expand the military with 200% and still have money over.
I think you need to get the politics under control and start working on making things better on the things you can agree is a problem.
2:55 that´d be correct. we overtook Japan last year.
Who cares how far up your country is on some random list as long as the people are doing well. More important: the difference between the richest and the poorest should be as low as possible, both domestic and on a global scale.
Schau dir doch die Videos immer mit einem Untertitel(Deutsch) an, so wird dein Deutsch noch besser..
The bosh logo is simple the rotative part of an elettric engine. Is the schematizations wastly used in elettric bluprint.
If Bosch was an American company, it would be spelled Bosh, wouldn't it?
In Britain: Posh
Hi, Ryan! We Germans are usually not really proud. We always show pride somehow cautiously. Many people are also more concerned with the things that are NOT good and that are not going well. Typical! I think Bavaria (and southern Germany in general) is prouder than the rest.
Ultimately, things are becoming more and more un-German here, and almost everything is now made in China. If not the whole thing, then parts of it.
I've heard recently that Miele's traditional washing machine production is already being partially outsourced (to Poland) and employees are afraid that complete production could stop here at some point (soon). And this is just an example!
it is called competition. A company cuts costs and wages are the biggest cost.
2:31 "...government data showed that Japan's economy had contracted in the last quarter of 2023 and fallen behind Germany's, making Japan the world's fourth-largest economy."
When it comes to the US and the UK Scandinavia tends to talk about 2 countries that has insane low taxes. England has changed a lot since the 80s and 90s where things seemed like free to a dane. You could get a lot wirh 20 quid back then and TVs and hi fis cost nothing and scandis would go to England to buy anything under the sun. But now the prices are very bad and this had been going on for about 20 years. Things are expensive as hell but the wages are a joke as they havent changed since the 80s it seems. The last 10 years ive looked at tvs in England and they charged 300 quid more for a big tv than Denmark, but with no pay basically. When i got my first big tv it was 1000 quid on sale back in 2007-08. In 2014 my 55 inch was 300 quid at most. Last year i got a 65 inch for the same amount. But i found a 75 inch for 250 quid and it was a brand name. So thats good. But food has gone up and up too, so the good deals are gone. US is almost the same, blu rays are dead cheap though. I saved 1500 pounds over 12 months when buying my movies in the US in 2009. But yeah cars and gas are free in America we say here. Thays why kids have cars there and in Denmark you tend to get your frist car when close to 30 yeaes of age. But then again the drivers license is 12 dollars. And dont teach fuck all, so that is as is.. 😎
I will apologise in advance, because this'll probably end up longer than it should be, but there are a few things I would like to add or amend regarding the video.
The first is a very small one, the economic explained video claims that countries use taxes to fund things such as healthcare spending.
This is incorrect, most modern monetary systems are fiat systems and allow the government to borrow as it needs. Almost all money spent on government projects comes from the sale of government bonds.
Taxes are there to regulate the amount of currency circulating in the economy, to create a demand for the currency, and to discourage/encourage certain behaviours in the private economy. Putting a tax on smoking to discourage it, or giving subsidies to farmers to make farming a more livable job, for example.
But when talking about Germany's economy as a whole I would like to point out a few things that are important. This isn't meant to disparage Germany on an international scale, but I would like to put a finger in the wound so to speak.
I would also like to talk about German reunification and the state of the two countries briefly, because it was mischaractarised pretty badly by EE.
I will start with comparing East and West really quickly. The first thing to note is that yes, the East was economically quite behind the west in GDP and freely operating companies.
There are a few reasons that go beyond "The east was corrupt and mismanaged it's economy", a statement so reductive to be wrong and pointless.
First, reparations were very different between East and West. West Germany retained a lot of the infrastructure that survived the war, while the Soviets dismantled lots of eastern factories to bring back to the USSR, they had been ravaged much worse by WW2 and used the opportunity to try and recover better.
This already put the East in a much worse state.
Secondly, a lot of Eastern block countries had a policy of trying to be, to some degree, economically self sufficient. This means Eastern Germany put a lot of effort into agriculture and farming, to make sure there would be no famine. This works for self sufficiency, but takes a part of the population from doing other jobs, like working in a factory or in a service, and puts them into something that only boosts the GDP marginally.
The trade partners available for Germany were also in much worse states, even Russia was only just recovering from WW2, and most Soviet allies like Vietnam, Belarus and Ukraine needed to build up their own infrastructure and education systems.
In the west on the other hand, socialist parties especially in Italy and France were incredibly strong. This caused fear among the US and led to many countries in Europe adopting socialist policies as concessions to those socialist groups.
West Germany was in a prime position to now take advantage of this, because it had incredibly depressed wages compared to a lot of other European nations, so when demand from other European countries suddenly spiked post WW2, West Germany became like a mini China, a cheap factory to provide those services to those countries.
And lastly, reunification caused issues more in the East than the West, this is obvious because the East was the one being forced to change and adapt.This isn't to say that shouldn't have happened, but it's undoubetedly true that the side that has to change it's practices would suffer more for some time. Especially when they initially worked to different standards than those that were valued in the West.
These are just a small overview of some differences and why they happened.
Lastly, Germany is largely a good place, but it has, similarly to the UK over the last two decades, suffered from an intense shortage of government investments.
Or in other words, investments that are good and necessary, without necessarily giving a direct return. Infrastructure, schools, teachers, doctors, new technologies, possibilities for those whose jobs may disappear to retrain in different fields.
I believe just the infrastructure is tallied to need an estimated 200 billion in investment which isn't being made, instead we are facing Austerity measures, cutting spending and trying to reduce the debt to GDP ratio, while already having one of the lowest debt to GDP ratios of any developed nation.
Unfortunately it is mostly due to a fetishization of frugal spending that has led to this. Of course Germany is still incredibly rich, and can cope. But policies have slowly pushed it towards more stagnation.
For Germany it has often been easy to rely on it's great income from exports to invest without taking on much debt, essentially outsourcing the cost to other countries. But when this is not enough, the gears are slow to start turning and actually change things when needed.
Again, this is not to shit on Germany, I think it's a great country with a lot of things going for it. But if you rest on your laurels you end up falling farther than you should. And right now Germany is taking a big nap instead of pushing forward.
don't look for the theoretically highest taxation, look for what's normal for a comparable income
But there's a point u didn't notice. Ukraine war may cost the country 100 billions, but all the (military) concerns build measure technology for drones etc. are still growing and return all the money and maybe a lot more.
Taxes are one of those things that most of us would rather spend less on, but I find that higher taxes help to spread wealth among the citizens more evenly, whiles also having a fairer and more just society, especially when it comes to the lower and middle classes.
The real issue isn't the amount we pay in taxes, but the accountability of where our tax money is going, if used right and with lower corruption in the system, higher taxes is overall a good thing for society, but unfortunately, too many countries have too much corruption, that they don't know where taxes are going and it can feel like a bottomless pit where a lot of it is being wasted.
I also get a sense that lower taxes are actually bad for the people, mainly because lower taxes means far less money for public services as well as social programs, so more wealth ends up in fewer hands with a weaker social system that creates a bigger divide from rich and poor, the UK and US shows a lot of this, hence a lot of the issues both countries show and much of the divide that's going on, so as much as most of us prefer to pay lower taxes, higher taxes is overall better if it's a lot more accounted for and corruption in the system isn't too bad, higher taxes then ends up going a long way in creating a balanced, fairer society that benefits all whiles not leaving people behind, and as good as the US and UK does on economic growth, I don't think these two countries are good examples to want to follow with all the other issues they introduce.
Another factor we should also remember, and this is especially the case for the US, by them having lower taxes and a weak social system, it basically means wages have to be much higher than other advanced countries that have a strong social system, you wage goes much further even if it's less if you don't have to cover so many things that the system takes care off, the US as advanced countries go is one of the few countries where you really have to defend for yourself as there is very little support from the system, and because of all this, it really confuses the differences from quality of life from country to country, like for example, European countries overall have a lower GDP per capita then the US, but overall, the quality of life seems to be higher, which is why I don't think GDP numbers mean very little to the average person because they detached from reality of what people face from day to day, and again, this is especially the case in the US and to a less degree, the UK, hence why I find it amusing when governments of either country boost about how well the economy is doing, yet for the average person, things are getting worse, hence the likes of Trump and Brexit, which are both clear signs that a lot of people are not happy with how things are.
The list of major German companies should have included BASF, Bayer, Schaeffler - just to mention a few (only secondary sector of industry). Including the service industry, in addition to SAP companies like (Deutsche) Telekom, DHL and Allianz could also have made the list.
Yes, the system is to blame, but as long as you blame someone else the system can happily go on existing. It doesn't want to be critizized.
Even if germany has a social support which can maybe help wit starting risky small business, bureaucracy (even from eu) makes it still more difficult than in usa i guess?
Germany has 350.000 qkm Land. USA has almost 9 Million qkm Land... trust me, those are two different economies. Not everyone can simply buy a House and Land in Germany...there is not enough space...
@@germaniatv1870 i didnt speak about houses. Not sure how is your reaction relevant to what i wrote?
Rhineland Model we call it here in Holland, Bismarck thought it up, in between beating the Danes 1864, Austrians 1866 and French 1870. We were very lucky to escape his plans/clutches. He probably didn't want to provoke the Brits.
The Bosh logo is an electric engine and Tesla by the way uses a cut out of an electric engine as their logo.
Economics Explained is so wrong about so many things, it's hard to believe he has some degree in economics...
Not just in this video in particular, but in general
Yes.he did a video about Holland and half was wrong. Or just rubbish 😢😊😊
The logo of Bosch is supposed to be a minimalistic water level.
For more info, see below..
In the middle is the glass tube with the water and bubble, around it is the scheme of the bar of metal/wood that makes it a level. That's just how they looked back when Bosch started and the industry didn't have today's fancy plexi glass und needed to frame the tube in a way it doesn't get shattered, Problem is: while a thin tube with thick walls is extremely resistant to blunt impacts, it's weak points are the endings. And because they tend to burst at even as much as a slight glance with something harder, they stuffed those in two half-moon shaped pieces of plastic to keep them from developing stress-fractures and from vibrating. 😂
No, the bosch logo is the rotor of an electric motor / magneto
It's also important when we talk about "taxes" to include everything. For instance, in addition to income tax you pay for health insurance and social security. Some may consider this part of taxes (since it is deducted from your monthly income), some may not (because _technically_ these aren't taxes). And of course aside from taxes and other deductions from your income, there are also various kinds of things like sales tax, property tax, council fees, capital gains tax and so on which you'd have to take into consideration depending on where you are in the world and what exactly you are doing with your life (e.g. if you have no capital you can pretty much ignore capital gains tax, but if capital growth assets make up a significant portion of your net worth it's something you have to consider).
At any rate you can't really reduce that to just one number.
25:20 nice! Well pronounced.
Germanys inflation in 2023 was 5.9% USA 4.1% in 2022 Germany was at 6.9% USA 7.99%. The USA returning to its former 'glory' pretty fast, Germany is stagnating in its bad shape.
I guess, taxes don't feel low in the U.S., because you need your money for basic needs, like medication or education, both of which are heavily subsidized or free in Europe by our tax money. ;.)
The actual quality champion is Japan. Germanys reputation is better than the actual performance. Not saying the quality trash but it’s not the quality of made in Japan goods.
19:35 It's a stylized magneto.
Wirtschafts Wissen ,yes your German gets better ,I understood what you where saying.
No, our Position in Europe isnt "very good", its literally the reason why we always shrunk terretorially since the beginning and why we have to have the largest army in europe just to not be dependent on russian/french/polish good will. As today.
Germany is the baddest Place to get kids. Economy is more important than education and infrastructure.
Where do you live? Do you have parental leave? Sick days when you child is sick? tax bonuses for your children? Free access to education/ universities? A right for child care in your area?
Not that bad, isn’t it?
@@tobias1752 I think what this person meant to say is getting a child in the first place with our hard work culture is hard. Just Like Japan. Your point still stands, we are one of the best places to start a family in.
@@tobias1752 Ich bin aus Deutschland. Hast du Kinder? Überleg mal wie wenige Kita-Plätze es gibt und wie hoch die Gebühren dafür zum Beispiel sind. Das Idealmodell sieht vor, dass ein Elternteil zu Hause bleibt um sich zu kümmern, was aber monetär oftmals gar nicht möglich ist. Es werden Milliarden in Unternehmen gesteckt wie unter anderem Galeria Kaufhof, obwohl die schon gefühlt 5x eigentlich insolvent wären, während in vielen Schulen noch Projektoren von 1970 stehen. Das Schulsystem orientiert sich weiterhin am preußischen Vorbild und züchtet kleine Arbeiter, die gut für das BSP sind. Der deutsche Staat ist dermaßen kinderunfreundlich, dass man sich das besser überlegen sollte.
Wohnräume sind überteuert und je nach Standort begrenzt. In Deutschland ein Kind zu kriegen ist „Luxus“.
I'am completely in love with living in Germany. I have often health problems (which is extremely normal for gen z/ millennials). And I'm safe (food, apartment, and healthcare wise) and can focus on recovery so that I can give back as quickly as possible. Yeah I fucking love it here. They are still mayor problems, like pretty sure if we leave Nato we will have war. But who knows really, we will see. I still do feel like Germany is a family and we take great care of each others, even though they are many disagreements. We feel like we are a family and with further international collaboration we are making a bigger family. I think my rights are respected and I don't know anyone who's right are not respected ❤❤❤❤
To the reader, I wish you all the best, and for you of course too Ryan ❤❤❤❤❤
War? With whom? Austria? Switzerland? With NATO? We're surrounded by NATO members otherwise. The only aggressor in the east has to move through other countries first, who are NATO members themselves, to ever get here. Or to get a successful sea invasion going. I don't think that's a possibility. Being neutral and staying out of trouble isn't a bad idea in my book.
@@dnocturn84 Not to forget that NATO still is the most aggressive power currently to begin with. Not only did NATO start several wars - which Germany was part of - in our time, but without NATO the war in the east would have been done in 2 months at most, way less people would have died and all it would have taken was to get rid of some Nazi sympathisers in the Ukraine, which I do honestly not see the issue with.
@@Finsternis.. It wasn't NATO that made Ukraine survive the first "2 months" of that war. It was direct support by the UK and the US, outside of NATO boundaries, and Ukraine itself. Besides that, there was no way that they could have defeated such a large country as Ukraine in 2 months, except managing to eliminate or capture their government very quickly. This might have worked in Chechnya and Georgia prior to this, due to their much smaller size, but they certainly miscalculated their capabilities with Ukraine.
And further disagree with this logic. Ukraine certainly has the right to defend itself and Russia had no rights to invade Ukraine, nor to attack Ukraine to deal with N sympathisers inside of Ukraine. If this would be true, than we would have every right to immediately attack Russia, to help out all of the discriminated and surpressed minorities in that country.
@@dnocturn84 The Ukraine was not prepared for anything before the civil war. Starting with the civil war the Ukraine received massive support by several NATO, including Germany and Canada countries. You seem to forget that "NATO" is just a term describing "bullies employed by the US". Had Russia invaded in 2014 the war would have been done in an instant. Instead the "western forces" continually build up the Ukraine to enable them to fight their own people more and more.
I also never said that the Ukraine had not the right to defend themselves. They can do so for all they want. What I said is that NATO - and in extension Germany - should not support Nazi sympathisers. Back in my day we learned "not an inch for Nazis". This includes people that claim it is "okay" to call SS collaborateurs as heroes.
You are also leaving out completly that after 8 years of civil war the eastern Ukrainian parts seceeded. And instead of stopping to attack after these new republics allied with Russia they kept going. As they did during the cease fire by the way. Because that is what happens when you put Nazis in charge of your military. As such, from the PoV of the East Ukraine and Russia it is a war of defense with Ukraine being the aggressor.
@@Finsternis.. NATO did only start one war. The Yugoslavia war.
meanwhile there are people supporting the afd that wants to seperate us from this only advantage.
Even tho I agree with a couple points they bring to the debate, doing something naive like leaving the EU would be a economical suicide! Just look at the UK! The benefits of being a EU member and citizen are amazing.
@@flavio1243 England is gaining again since it is not chained to the EZB (ECB) anymore... make sense out of that...
Then explain why England prepares for a war in Europe on European soil if its no longer a EU Member.
So we see England recovering after the Brexit and one reason is the withdrawl from the EZB (ECB- Euro Central Bank).
No more NATO? You will save money.
England gained... what are you guys saying????
@@germaniatv1870 are you mental? A friend of mine while on his UK vacation had to pay +20€ for a single trip to Manchester. Try to lecture me! Here in Germany, you get to pay a measly fee of 50€ a month to travel anywhere and as many times you may wish. Watch the "BRITAIN IS A DUMP!!!!!!!!!!!!" video. Enjoy.
@@germaniatv1870 watch the ""BRITAIN IS A DUMP!!!!!!!!!!!!" video. Britain is in a downwards trend. A friend of mine while on his UK vacation had to pay +20€ for a single trip to Manchester. Here in Germany, you get to pay a measly 50€ fine once a month to travel anywhere and as many times you may wish.
@@germaniatv1870 so much praise, instead watch the recent "BRITAIN IS A DUMP" video. A friend of mine while on his UK Vacation had to pay a converted 20€+ for a single trip to Manchester. Here in Germany, we get to pay a measly 50€ a month to travel anywhere we want and that for unlimited times.
Germany also pays people for having children. It´s calles Kindergeld.
why does he "sing" at the end of his sentences?
Germany's export ist not so much based on cars, but on machines: building and engeneering machines is the biggest asset
No way, a company with the letters "SCH" is German, not American? ;)
19:22 If the logos of the companies would be ordered by location only VW and thyssenkrupp would not be in the yellow part of the map.
That is true, only if you consider company headquarters. For all of these big corporations the majority of the added value of these companies is generated outside Germany. Take, for instance, BMW. The biggest assembly plants are in Dadong (China) followed by Spartanburg (USA). Around 70% to 75% of a cars value is generated by suppliers, which themselves are globally dispersed. We live in a highly connected world.
@@MarkusWitthaut Yes, I know. 🙂 I also know that Siemens started in Berlin and moved to Bavaria after WWII. But the headquarters decide over fortune and misfortune...
@@MarkusWitthautThat's mainly for the SUV's and smaller cars the 7 Series and top of the line cars are still Made In Germany !
@@gregorygant4242 In 2023 BMW produced 2.5 million cars of which 750k were produced at the Bavarian plants (Dingolfing, Regensburg, München). It is true that BMW builds only the X-models (SUV) in Spartanburg, but more than 400k of them per year. Google for automobil-produktion wo-produziert-bmw-welches-auto and you will find more data on how many cars are built at the different plants. Also check the German wikipedia for BMW-Werke. There you see a list of which model is produced at which plant. The Bavarian plants are important, but not the biggest for BMW. This makes sense if you consider that BMW sells more than 1 million cars annually in China, followed by Europe with 800k and then the USA (almost 500k).
Having a global supply chain is not specific for BMW. All major car companies have such global networks.
still dont understand why people get hung up on gdp, its th emost meaningless metric i can think of :P
im sry but this video is pure bs. not well done with the research same sentense over same sentense and so on. i can be wrong but it seems its all about the ad at the beginning of the video.
19:00 yes be embarassed, my nephew is working at Bosch!
Btw who else has sch in the words?
Germany has overtaken Japan by half a trillion, not half a billion.
You can't even compare inflation in Germany and the US.
In a way, the USA pushed Germany into inflation due to sea & trade blockade, blowing up a Pipeline and preparing the Germany for a war-economy.
Thats why the Germans are on the street demonstrationg right now.
got 6300k€ brutto and 4000€ netto: thats Germany
taxes in the US are very low...
😅you pay taxe in Amerika and get nothing for it,😅
and we dont want to pay for that ukraine war madness 💙💙💙
Well..... Currently Germany's economy has stopped growing. US economy rises. Home made mistakes. Old video
Smaller Companies are also getting less out over here, as they are relatively fast consumed by the big players. This is what happens in Capitalism naturally as money is power and power is money. The reasons it is more severe in the us is probably that your capitalism is some hundred years older. The same way end-tier Capitalism isn't actually the often celebrated power of innovation as the big players will use their capital and political influence to reserve the place of their product on the market (Oil-Industrie is a pretty good example here)
Ryan there is no "wellfare" in the USA, not to European standards, none !!!!
Yeah, that label doesnt mean anything today. Many have to face the fact that our economy is going south pretty fast.
"made in germany" dies.
👎👎👎
Germany is generally speaking not equal in economic power and just focusing on the east and west split isn't really fair. Germany is made up of 16 states. Their taxes get pooled and shared among them. Usually only 2 or 3 of them actually pay in more than they take out of this pool.
According to a Statista screen I saw recently, Berlin is so economically terrible that removing it from Germany would raise the GDP by .2%.
Bavaria and Baden-Württemberg pay more.
@@Finsternis.. Its going down the abyss, yes. Berlin is lost.
Comparing Indiana and NYC in terms of GDP:
What NY citizens happily dont recognize or outright ignore is the fact, that NYC wouldnt be able to support itself for food: there is basically no farmland.
So NYC get down from your high horse and make it a fair share with those who enable your region to shine like it does.
That are old stats. Now the ecomomics goes in down direction.
Like everywhere else.
yeah we are in 3rd place now
Germany is doing fine. Unlimited growth is a fantasy anyhow. Structurally the German economy is sound, but events as COVID, the Ukraine war and resulting high prices in gas and oil and initial costs of taking care of refugees, among other events, have their effect. If these events didn't have any effect on the economy, something is terribly wrong.
@@KeesBoons Unlimited growth is indeed a strange idea. Some shrinking of the biggest economies would actually be a bliss for the world. Meet with poorer economies somewhere in the middle and slowly shrink some more to get back in balance with the earth's capacity.
A result of high energy prices and a number of additional self-harming measures, such as taxiation and fee increase for the transport of goods. A good government needs to change the framework to lower these prices as fast as possible. Otherwise you simply can't produce anything here, especially stuff that needs lots of energy.
The link does not work, but here:
Work/Life Balance for Germany’s Middle Class @TheBubble