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The paralysis you describe is breathtaking. The German and EU leadersship has miserably failed their citizens and continues to lead them into recession and possibly depression.
Yet they are only second to US in economic strength and welfare. If EU is so paralyzed and in bad shape what to speak about the rest of the world? It seems everyone is in crisis bar communist and other types of dictatorships. In fact, just three weeks ago Siria's economy was blooming, people were happy, there were no bankrupcies whatsoever, jobless rate was below 2 prct. But then came terrorists orchestrated by US and Israel and destroyed prosperous and blooming country.
@@calc1657 And Gerhard Schroeder, just one person but hardly a nobody, was clearly in bed with the Russians and was well taken care of by Gazprom after leaving office. Makes you wonder how succesful Russias infiltration of Germany was. I am not a second in Doubt that the decision to axe nuclear power was at least partly due to succesful Russian campaigning and infiltration. Makes you wonder what Merkels motives were. I mean, literally all the rest of Europe did not close down their nuclear power entirely. Sure, some decomisioned a reactor or two, but all A-power wielders in Europe bar Germany kept it running and alot are now expanding it again to the extent that they can. France, UK, Finland (sadly with Rosatom, which means it may not finish). Spain is closing A-power for the moment, but will keep it running for several years - they can still change course. That said, Spain does have other options like Seawind and solar. Anyways, Germany was a very special case. Closing nuclear power alone on such a scale, and they are even the biggest industrial nation in Europe... its not like they didn't need the electricity!
Germany's already in a recession there's a reason they're cutting jobs and closing factories this is an unprecedented economic shift, worst crash in 60 years or so
I work for a major uk diy and hardware retailer with over 800 branches. I guarantee that if you look at the products on the shelves, virtually everything is made in the PRC. Even high quality brands like Makita, Dewalt and Milwaukee. It’s quite remarkable and depressing
@@taylorc2542 Western countries “ran out” of these workers long ago, as who would want to work in a menial, boring and repetitive job with low pay? The Chinese are doing the jobs Western workers do not want to do.
Lower quality. b&q (probably who he works for) have stiffed their suppliers so badly that only the cheapest Chinese rubbish is ever put on the shelves. You can’t get anything better if price is the only factor. One year, they demanded 10% rebate of last years supplies if they still wanted to supply anything the following year- which obviously had to be 10% less than the previous year.
China has the foresight of constantly making efforts to move up the industry value chain. They are making major efforts on AI and robotics. Expect a wave of robots from China by the end of this decade just like what we have seen on renewable energy products. Oh, the robotic efforts will also solve the problem of reduction on their work force.
@@daseteamFrance is ungovernable. Germany is in dire straits. Hungary is in permanent war with Berlaymont. Italy has had its illegals returned from Albania. Spain is being invaded via its Canary Islands. But hey…everything is hunky dory? Trump is about to put massive tariffs to punish the EU for not reciprocating tariff percentages. NATO fees are about to rise to 5% of GDP or Trump will withdraw and let Putin do his worst. But relax….things will be fine.
Yes, they ditched nuclear and hydrocarbons, now they can't produce energy for an industrial economy. The wind turbines have produced close to zero energy for several weeks, due to the lack of winds. Obviously solar is negligble in a North European winter.
You ain’t seen nothing yet … Norway, Sweden and Denmark are seriously threatening to stop selling electricity to Germany cuz it is creating havoc with their domestic price structures.
"Can't find skilled workers" is code for they don't want to pay market rates for those skills. It is an attempt to get the government to import cheap labour to drive down wages.
I am a skilled worker but often cannot apply as they want fluent German, ie they only want German. Most Germans I work with speak good English and the tech requires English, not German language.
I simply have to pay you a big compliment. Your news and informations are always up to date and well-founded, the number of publications is impressive. Living in Germany, I am experiencing the economic downturn at close quarters and it is alarming to see how quickly structural change is taking place.
Sorry ti say this, but he sound like a Chinese bought mouth piece. I mean on one side it is doom and gloom, on the other everything is perfect. Chinese economy itself is not doing so great.
The Mercedes-Benz Vision EQ Silver Arrow ✌✌ When the Tesla bubble bursts, then critics who have pumped Tesla shares up until now will run and buy German car shares instead, mark my words!😂😂😂😂😂😂 Largest Tesla factory is in China, most Tesla cars are made in China!
Yeah and the reason they make them look that way is targeting Chinese clients who guess what? They're not buying this crap anymore because they have their own :D
@@arthurmario5996 Interesting political divide, in that it has now included EVs. EVs = Woke. But the least woke person in the world is Musk. Who got rich by making EVs. But woke people will now not buy Musk EVs. Clean energy is Woke, Coal/Oil is anti Woke. Happy Holidays is Woke, Merry Christmas is anti Woke. How does this ever end? Probably not well. Exciting times. But in regards to Germany, I predict the next far right politician wearing a mustache will win. How did we get here? Technology today is awesome, but our politics is awful.
Germany's misfortune is its own making. It has politicians but not statesmen to run the government. unfortunately the same is happening in Canada. Love from Canada.
The price for becoming dependent on Russia and China. Let’s get the Europeans and the Americans on the same page so we both can grow. The EU is a barrier to this for its own institutional ends.
@@jeditoto3441 Yeah, Russia' invasion of Ukraine and resulting loss of natural gas *rignt after* they decided to shut down all their nuclear power plants. They always had more expensive labor, but combined with sky high energy prices it's fatal for manufacturing. The EU has been doing everything they can to shut down their farming too.
I don't wish Germany any ill will. I hope they can address their obstinate bureaucracy and start using their well educated population in the best way possible.
The problem is not Germany, the problem is America that occupies Germany and systematically makes steps that hurt Germany, its economy and is destroying its industrial base.
@martalli all Germany has to do is call Putin and say let's be friends and turn on the pipe and their economy will see immediate improvement. Any rational leader will do so. But, they can't.
This is why as an American I voted for Trump. I wanted to remind the world who we truly are as a people. Why does my country want WW3 with China? Why do we want to drag Europe into a confrontation with China?
@@zeitgeistx5239I support Trump contra Democrat Oligarchy regime, but policies of Trump and his Oligarch backers will make it way worse, unfortunately 😅
@@zeitgeistx5239 Most of Trump's picks to assist him are ultra China-hawks. In an early 2023 survey, almost 70% of 100K individuals (I presume most are from the US and UK) responded YES to war with China. There will 100% be war with China within 3 to 4 years, at least one fought using usa proxies. 🤖
@@zeitgeistx5239 Trump is a moron who belongs in prison not the WH. His supporters are no better then Germans who supported Hitler. History will not be kind to you.
The Americans did not force you to close down the nuclear power. :) And had you not done that, you might at least have had electricity covered and could better reallocate US or norweigian gas to the Industrial processes where it is not so easily replaced. In fact, like France and the UK and Finland, you should probably expand your A-power. Belgium is into this too. The US would not have obstructed you, had you done this. lol This is what is honestly wrong with Germany too, their people think this can just go away if they get back the russian gas. It cannot.
An extremely unexpected spot on analysis guy. First rate. I will be watching your videos in the future. And I do obsessively watch DW and read some German translations from their newsprint.
I live in Germany, and it's parallel reality. Nobody talks about it, news are dull&boring, dry steamed, 0 critical thinking and observation about current situation. Like Soviet Union in 80's.
@@szakachdekapolna4372 Australia here. Tell everyone in Germany that Australians do not care for petrol cars due to high fuel costs, complicated maintenance and toxic emissions. Australians want to transition to affordable, modern and innovative Chinese EVs as soon as they are available. The big 3 German petrol car companies will be finished in Australia within 2 years. Volkswagen does not mean to Australian consumers what it did 10 and 20 years ago. The 2012 Golf Mk7 was peak Volkswagen.
@@NoiserToo German EVs are rubbish compared to Chinese EVs. It is not 2014 anymore. The preeminence that Germany has with petrol cars is utterly irrelevant as we enter the second half of the 2020s.
BMW, VW etc literally went over to china and taught them how to build the cars - china now builds its own cars. Look at Britain from 1980 to now - factories gone How is this not obvious?
@@jamesfederer5592 Sorry: no, they didn't. 'Though they ARE now. China hacked R&D: told it's "partners" that they'd only accept outsourcing contracts if the Western "partner" pays for production expansion, provides all tooling and R&D. This has become common practice. Meanwhile China has pursued a mass espionage campaign that is government-run & funded. And it's sent its people overseas to Western universities then work in Western firms here, before returning to China. Not all of them, of course, but enough to make a massive difference. Now that EV production has ramped in China, that company's firms are best equipped to do further R&D. You learn production by DOING production. They played catch-up through criminal means but now they're in the best position to do it further in-house. You're correct that Chinese EVs now are better designed, maybe, than German ones. Germany's firms have massive supplies of EVs sitting on lots; they'll never be sold. They're inferior in features & benefits to Chinese ones, and the Chinese ones continue to improve fast. What is less clear is the manufacturing standards & production quality of Chinese cars. Some - Geeley's Volvos, for instance - are very well-made. But China makes a vast amount of stuff with little concern for quality. Auto fires in China are rampant.
Yes , BMW, VW went over to China to teach the Chinese how to build cars , but these western car manufactorer did not do it for free . They made hugh amount of profit from the Chinese market for decades .
The cost of net zero in Northern Europe is very evident, we have closed most of our power stations, solar and wind will not support household power demand let alone the switch to evs.
Damn it... I had to start working all over Europe once crisis finally hit the bank I was working on in Spain and was let go... went to UK, then Brexit happened... finally got a job in Germany which I hoped would be last one, and now this happens? Just end me already xD
"It is cheaper in China" (C). Thats the one simple thing which is behind all of this. 3 decades ago we were sold on that disastrous "idea" of outsourcing to China. The rest is just inevitable, fully predictable consequences. China now has all the money, all the power. While the rest of the world has completely self-destructed. Amazing that it took so long but here we are. My guess is that in countries like Germany their hope was that maybe China will forever stick to making only cheap, nasty, low-quality, low-tech rubbish. Nope! That was just the start for China, that was just how they made their initial capital, very smart. And now they make everything, and they lead in all industries including hi tech. It is Game Over for the West now. But since it was 100% self-inflicted, can't blame it on China.
Would you invest in a rival country? From the start everybody thought China is like Africa. Their leaders are corrupted and can be bought and controlled. Their people are of inferior quality and they pose no threat. That’s why the vast and cheap labor appealed. But many forgot China was once mighty and leader in innovation, commerce, and military warfare. All it took was for a good incorruptible leader to lead the revolution, and tables are turned.
Why blame China? Why not blame capitalism or neoliberalism? Today you blame China, tomorrow you will blame Viet Nam, Bangladesh, India? You can never solve the fundamental problem. The West transferred low-end manufacturing jobs to Japan and the four little dragons in Asia, Hongkong, Taiwan, Singapore, Korea, And then these rich Asian countries transfered low-end manufacturing jobs to China. Low-end manufacturing industry stayed in China for a long time because China was too poor and too big, but China has also moved low-end jobs to Southeast Asia, Africa and India now, Have you ever heard of CCP complaining? Because China knows that this is the market economy, capitalism, globalization, You can't stop this natural trend. China's solution is continuous industrial upgrading, constantly develop new technologies, reduce the cost increase caused by logistics, administrative efficiency, cheaper and more efficient energy. So the problem is the incompetence, ignorance and arrogance of German politicians.
@@lvjinbin28 I am pretty sure I was crystal clear that I was NOT blaming China for anything. Even said it explicitly. So I am not sure why you asked that question. And what has this got to do with Capitalism? Stupidity and wrong strategical decisions are NOT tied to any particular economic system. Globalization and so called "Free Trade" does not define Capitalism. Capitalism existed long before any of that started. The out of control "outsourcing" approach was wrong right from the very start, it was a road to nowhere. And it was very clear even to ordinary people because yes, it is THAT simple. If a country no longer produces anything - that country becomes NOTHING. As simple as that. Yes, it may take time, it may take decades, but the outcome is inevitable and totally predictable.
The International Monetary Fund (IMF) has released the latest GDP data calculated by purchasing power: China ranks first with a total economic output of 37 trillion US dollars; The United States ranks second with $29 trillion; The EU ranks third with $28 trillion; India ranks fourth with $16 trillion; Russia ranks fifth with 6.9 trillion US dollars; Japan ranks sixth with $6.5 trillion; Germany ranks seventh with a score of 6 trillion US dollars; Eighth is Brazil, ninth is Indonesia, tenth is France, and eleventh is the United Kingdom
@jeffrey7938 Forgive me, I was not aware that the International Monetary Fund is from China. Do you have a more relevant source, from Washington DC, 19th street perhaps?
It´s Wintertime. From 9:30 AM to 1:00 PM they generate an average 5,600 to 5,900 MW of electricity from the installed solar capacity of 82,500 MW. From 4:00 PM to 8:15 AM it is Zero. They switched out nuclear, they reduced the coal capacity significantly and forgot to build enough natural gas plants, except on paper. They have one (or two?) 100 MWh - 100 million USD batteries that provide 200 MW - for one hour. German factories were on the brink of existence due to high, inflexible bureaucracy, high taxation, norms, labour laws. Missing electricity and highly overpriced and taxed energy gave it the rest. They wanted to go green and they will go agricultural. They tried and failed an extremely costly transition to green energies without backup power when solar and wind was expensive and batteries not yet available. Comparatively and by phases China seems to be on a much more reasonable and organized path by doing things later, cheaper and on a huge scale.
The German Auto Industry, once renowned for their quality of manufacture are in a race to the bottom - now driven by accountants, and not engineering. They are doomed, and their demise will have a snowball effect on the German economy...
when I find made in china parts on my made in alabama mercedes suv you know they've made their own bed. Kuka robitics was sold to china, bye bye germany.
High European wages, sky-high energy costs, uncompetitive to the Chinese EV's & a shift in people's buying power. Much of the European/UK population in the midst of the biggest downturn in living standards in a generation since the sanctions began, It's a perfect storm.
The European wages are only high in the eyes of the employers but low in the eyes of workers. The reason? Taxes. If EU doesn’t change and that is soon the EU will fail miserably. We are talking about depression or stagflation.
I used to really like german cars, but last time i bought one was 8 years ago. They have left their own «brand experience» behind chasing «glitter and glam» and now their cars feels like «plastic fantastic» and you wont get the quality experience you expected. Combine this with their total lack of innovation, especially in the ev marked, makes it very difficult to choose them. It gave the feeling «we will deliver an mvp and make small changes for every year, so you never get anything close to a complete product»
This is actually a huge worry for the whole world. Around 1930, this is what led to the rise of the far right and indeed the rise of Hitler. Saying it couldn’t happen again is somewhat naive.
Germanys main problems: - illegal immigration and related costs - high energy costs - high labour costs - high taxation - bureaucracy - insufficient investment in infrastructure (optical fiber, railroad, etc.) - arrogance and inability to adopt new technologies (they may be good in their traditional branches, but when a disruption occurs, such as the transition from ICE to EVs, they are extremely slow to adapt and would like to cling on to their traditional approaches)
I agree, with the exception that they should return to their strengths and dump the EV revolution as they have been sold a false bill of goods. This problem shall be resolved in the upcoming elections, IMHO.
a little over 1% of germany's population is composed of illegal immigrants. Can you tell me how such a small number is at the top of your list for germany's main problems? That just doesn't make sense. Not sure how it works in germany, but in the US illegals contribute more in taxes than they take out, commit crimes at a lower percentage, and enable corporations to maintain lower salaries and benefits. All things good for the profits of these companies.
It is kind of amazing to me that the best reporting on the web regarding the German Auto industry is coming from an electric car guy. Keep up the good work!
A big part of the problem is expensive imported energy attributable to national energy policies. Nuclear power shutoff, insufficient renewables, and loss of cheap Russian gas hit their industrial base hard. They will adjust to market missteps but high energy cost is friction for all economic activity.
High Energy Businesses are doomed in the EU/UK due to Green Govt Policies. As you can't sustain a low energy, highly productive economy, energy consumption and the economy are tightly linked.
I lived in Germany for 7 years from 2004 to 2011 greats years and memories. It’s crazy to hear how bad things have gotten I live in Southern California. And Germany was going to be my country to live in because the US is getting worse. 🤦🏿♂️ Now I’m lost
Complacency, bath in past own glory to the point of self-indulgence, over confidence in own competency and reluctant to make necessary adjustments to suit changing times are the main causes for downfall starting from the all powerful Roman Empire!
That only solve the minority.. like if car manufacturers change to do that, that won't help on the tire factory who need to manufacture 50million less tires.. they still will lay off.. and cars and military equipments have different raw materials, so the full supply chain will lay off even if the car manufacturer still do somethig else..
Oh so easily predictable? Any company that can't lay off staff is doomed, will be interesting to see how they cope with the cost of the vast importation of the doctors and engineers?
Vi är dock inte så mycket bättre själva. Vi lägger ner fungerande kärnkraft och kastar 100 tals miljarder på så kallade gröna projekt som går fullständigt åt helvete. Northvolt, H2 Green Steel, nu kallat Stegra. Och Hybrit. Nu verkar det som att även de hjärntvättade personerna verkar nyktra till lite. Sen kan vi ju bara nämna den galna satsningen på vindkraft också. Sverige kommer drabbas av att Tyskland går dåligt. Vi behöver riktiga ledare som tänker klarsynt och inte drömmer om fantasiprojekt😅
I own an e-golf fantastic car,would love a e-golf viii,but no luck not building, instead id3 which is not a golf and too expensive.They are not listning to customers,vw,bmw etc
For a long time, it was considered a shame to go to professional training. Everyone mainly wanted to get a degree in the humanities, and real technical qualifications were pushed into the background. Accepting certificates proving the professional qualifications of immigrants is expensive and cumbersome. The quality of schools and training is also low, which is seriously reflected in school results.
I am a supplier of building materials, one of our main markets is, was, Germany. Building sector is at its lowest level, I think it is worse than in 2008. In many landkreis, communalities, not a single new house is being built. Car sales are terrible, private customers have disappeared, their cars are quite new anyway, they can postpone a new purchase for years, only firms are confirming long term leases, but it is not enough to sustain a sector as big as automotive.
They might have to sack thousands more judging by the videos They seem to have too many workers doing the menial jobs They need more robots like at Tesla and the Chinese factories to save costs
Since robots will replace human jobs in large numbers, many countries will enter socialism. Because robots bring higher efficiency and productivity, the supply of products is sufficient, while humans, as the demand side, have lost their consumption ability due to lack of work, resulting in insufficient consumption. Therefore, the government has the responsibility to control the robot automation production line and distribute the products to all citizens with or without jobs. In other words, the government needs to adjust its policies so that humans can share the benefits brought by high-tech and the robot industry, that is, to let "capitalism" evolve into "socialism". People work shorter hours, robots work 24 hours a day, and humans enjoy the fruits of robot manufacturing.
@@NoiserToo To study Karl Marx - socialism and capitalism -- the Capital - high technology and robotic industry is to assist human development, it is government responsibility to let average citizens to share the benefits brought by high techno.
@@lijackson-x6r - unfortunately the history of humanity does not suggest that will happen as the Elites gain further and further control and the common person is reduced to a working slave. The book 1984 is the unfolding prophecy.
Well .. how about stopping the embargos on Russia, minding our own business in the situation, stop inviting every refugee from the planet to Europe and reverse the electric car rules in Europe. EU has done it to us.
Big difference in car factory wages in Europe to China? Say €15\€20 per hour in Europe while €3\€5 per hr in China? P.S NZ has minimum wage now of about €13 per hour...
@@KeyshowJi But the point is well taken. In international trade, if one county has a lower cost of living (which translates to lower labor costs), and builds a product X. And another country with a higher cost of living (higher wages) and builds that same product X, I wonder which countries sales will be greater, assuming the same build quality? Thus country A with the higher wages needs to impose a tariff to put country B's product into rough parity. The US has done this for 60 years already on imported trucks and SUV with the 25% chicken tax. And everyone seems to be relatively happy about the situation. But imposing 100% tariff as the US is on Chinese EVs is over the top. And will create a trade war. Are there no reasonable people left in western politics?
I hope daniela is having a merry xmas. I also hope that she is adhering to the sage advice of mendnz and proposing a 15 euro an hour total compensation for wolfsburg workers…
The worst part is that the CEO do not care at the end they will get there fat pay check it is all the worker that will end up with nothing that is the real tragedy for there lack of vision
For years Germany has moved it's energy sector from Nuclear and fossil fuel towards mostly renewables. After Russian natural gas was cut off and the natural variation in production from wind, energy costs have been soaring crippling Germany's ability to compete in the Global market. When you combine the affect of the COVID economic destruction with the massive increase in energy costs, it's only a matter of time before all of Europe begins to collapse economically. The reason China does so well is because they use cheap fossil fuel for energy production while the Europeans have chosen expensive "Green" energy to save the planet.
Germany is still making car that people want - it's just costing them too much due to poor energy policy. The fix is simple - reduce the cost of energy, but it will require the re-examination of the geopolitical status quo. Will the German political establishment have the bravery to make such radical reforms? I doubt it, but I hope so.
What are implying there? Let me guess, to allow Putin to invade and annex whatever he wants in Europe, right? Hoping that his appetite will not grow. Amazing how lost history lessons are on some people. That's what they did with Hitler! Let's give him France, that will be enough for him. No? Oh, well, and maybe Poland. And so on. Ending up in World War and a complete disaster.
Solar and batteries are the cheapest form of energy by far. Some people cite France, and its government owned nuclear plants...but French electricity is substantially more expensive than Australian electricity. Nuclear is the most expensive form of electricity generation of all.
@@elephantintheroom5678 True when generation is compared in isolation - but unfortunately also complete garbage when you add the construction of storage and transmission to the equation - the entire supply chain cost must be considered, not just the generation cost. Not to mention the damage to local habitat and nature to construct the transmission lines, or the environmental damage created by mining the resources to create large-scale batteries... But that generally occurs in 3rd world countries, and I suppose that environmental damage doesn't count, provided we ignore it... Right?
@@apexdrift1 What a spin-doctor you are! Coal has literally polluted our atmosphere to the extent that it has destabilised the ocean's currents, is melting the Poles, and has warmed the planet irreversibly for at least a thousand years, and here you are talking about renewables causing environmental damage! What a bad joke! As for batteries, they have come down in price by over 90% since 2020. That makes renewables plus batteries much cheaper than nuclear energy. As for the transmission point, the transmission lines from old coal plants in Australia are already being used by solar energy. Dutton would have to turn off already cheaper solar energy to plug in his expensive nuclear energy. It's a fools errand, and only fools will be fooled by it.
-It's completely normal since the average age of the population in Germany is 45. -There are too many uneducated employees. -German industry was designed for the last century.
Germany doesn't have a "free health care" system, do some reseach before you post - Germany has a universal[1] multi-payer health care system paid for by a combination of statutory health insurance (Gesetzliche Krankenversicherung) and private health insurance (Private Krankenversicherung).
It's interesting that you point out that demand for cars has declined significantly since the global Corona Virus calamity. saw this in my own industry - civil engineering consultancy, when 90%of staff began working remotely. This brought about a realisation that it was no longer necessary to live close to your place of work to earn a salary. THAT alone has triggered a huge global change in behaviour, and what were seeing now is a consequence.
Why did european politicians agree to send almost all manufacturing to China? They must have seen this coming? I simply can not understand this, of course I understand the math behind it, but yet, even they should have known that this was going to end in disaster. And on top of this, new cars are crazy expensive, no one can afford to buy them. They are to advanced (in my opinion), cars are like spaceships on wheels. We need, simple, reliable cars. The years until 2030 will be exciting... Thanks for a good channel, regards from Sweden.
Because it’s uncompetitive to make goods there. When you energy cost 5 times more than China how do you compete. The Chinese also work just as hard or even more so then EU counterparts and there are more of them.
The EU needs TARIFFS to buy time to get its house in order! Germany needs to re-examine its values and do soul-researching. It then needs to draw up a plan and get yo work! Without tariffs, the EU will find itself in a Great Depression!
Robots, Automation, efficiency. Workers and labour acknowledging that if they don’t move everything is lost. But no, realism and lefty labour unions just don’t go hand in hand. That being said the board needs to lead by example. Take a cut, they will live.
Yes, people born in 1960 are about to start retiring next month. Good luck with that. The generation replacing them is so small. We will soon see what a demographic winter looks like.
Discussing the state of the German economy without mentioning the US's Nordstream bombing is like discussing the Titanic without mentioning the iceberg.
The USA proceeded to force Germans to destroy their trade relationship with China. Without the massive Chinese market, without the dirt cheap Russian gas and commodities, there was never ever going to be a future for Germany. This is 100% geopolitics. "Keep the Russians out, the Germans down, and the Americans in."
Also, how can an economy thrive when politicians extract billions of dollars from circulation and ship the money to a foreign country to be burned up into smoke ????
So let’s tally the issues up: - high energy costs due to leftist policies ( ie: anti nuclear) - high labor costs due to leftist socialist policies - high taxes due to leftist socialist policies - high course correction costs due to leftist regulatory policies It’s well past time for the western world to get their act together and ditch the idiotic policies that lead to stagnation and failure. Maybe it’s time to just let Poland govern all of Europe.
Our energy costs are in the middle in europe and we have a very stable electricity net. Because of russian gas shortage the prices were higher, but they came down again. With a good Supplier you can charge your ev with 15 ct over night. What do you pay? Greetings from germany
@ I pay outrageously high gasoline prices in California for my carrera s and M5, which I’d like to thank your country for the pleasure and privilege of having. However, our local gasoline prices are outrageous because of some of the same problematic policies listed above. I would gladly take Poland’s leadership over California’s state government.
lol woke politicians are actually trying to achieve energy security by turning to renewables. The right wing critics ignore oil company profiteering and are trying to ensure continued dependency on fossil fuels by stupidly denying the climate crisis which is cooking us, Germans included, alive. By the way, using the word “woke” is like code for saying “I am a stupid person who thinks Trump is a great man.”
@@NoiserTootelll me, what “strengths” are “woke” politicians “handicapping”? What does “woke” mean? lol you are providing me with comic relief here. I am counting on you.
The United States has been reminding Germany not to rely on Russian natural gas, so who is to blame? Is it the fault of the United States? You should blame Merkel
The reality is that the whole of the European car industry is in danger of total shutdown. What does this mean for the EU who will get the blame and not the Chinese!
Germany is like my elderly friend. My friend has gotten every Covid vax and 3 boosters. He has nearly died several times after the vaxs and boosters; yet he returned each time over a 3 year span and lined up to get his booster. He apparently has a death wish just like Germany.
In the 90s American electrical product makers (including computer companies) had to shift production to cheaper countries to be able to make enough profit. I see the car industry going that way because cars are now more akin to computers because of electrification. I think many Volkswagens will have to be made in Poland, China and Mexico to prevent Volkswagen going bankrupt.
@@carminia824 Australia here. Tell everyone in Germany that Australians do not care for petrol cars due to high fuel costs, complicated maintenance and toxic emissions. Australians want to transition to affordable, modern and innovative Chinese EVs as soon as they are available. The big 3 German petrol car companies will be all but finished in Australia within 2 years. Volkswagen does not mean to Australian consumers what it once did 10 or 20 years ago. The 2012 Golf Mk7 was peak Volkswagen.
@@user-kc1tf7zm3b just out of curiosity: How do you cross the desert with an electric car? Is there the infrastructure necessary for charging? At the moment, I think, EVs are only suitable for urban areas.
@@carminia824 Australian drivers only travel 33km each day on average. EVs have 500km of range, so autonomy is just not an issue. Sydneysiders do not bizarrely drive across the continent to Perth, an epic 4,000km journey taking 5 days, as this is outrageously inefficient. One would just fly to Perth and hire a car if need be. Most Australians do not drive through the desert as there is nothing there. It is very easy to make long distance drives in an EV; this has been the case for many years. A human can only drive for 2 hours before a toilet, drink or snack break needs to be taken. A driver would recharge the EV with this obligatory stop, so no time is lost.
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The paralysis you describe is breathtaking. The German and EU leadersship has miserably failed their citizens and continues to lead them into recession and possibly depression.
Yet they are only second to US in economic strength and welfare. If EU is so paralyzed and in bad shape what to speak about the rest of the world? It seems everyone is in crisis bar communist and other types of dictatorships. In fact, just three weeks ago Siria's economy was blooming, people were happy, there were no bankrupcies whatsoever, jobless rate was below 2 prct. But then came terrorists orchestrated by US and Israel and destroyed prosperous and blooming country.
While criminalizing everyone who speaks the truth
Germany and to a large extend the EU have failed to reconcile the diametrically opposite directions of their political choices and economic needs.
Absolutely correct.
It's not them, US is pulling the strings. "KEEP US IN, GERMANY DOWN, RUSSIA OUT."
Yes 👍
the stupid decisions that have caused this fate have been entirely self-inflicted.
This. Short and precise. Good comment.
Germany - Teaching the World what not to do.
Germany - teaching the world that if your master spies on you for 10 years, you better shake that harness off before it unalives you.
Yes. Do not be a vassal state of the USA.
Germany--teaching the world not to put all your eggs in one energy basket, in other words, Russian natural gas.
@@calc1657 And Gerhard Schroeder, just one person but hardly a nobody, was clearly in bed with the Russians and was well taken care of by Gazprom after leaving office. Makes you wonder how succesful Russias infiltration of Germany was.
I am not a second in Doubt that the decision to axe nuclear power was at least partly due to succesful Russian campaigning and infiltration. Makes you wonder what Merkels motives were.
I mean, literally all the rest of Europe did not close down their nuclear power entirely. Sure, some decomisioned a reactor or two, but all A-power wielders in Europe bar Germany kept it running and alot are now expanding it again to the extent that they can. France, UK, Finland (sadly with Rosatom, which means it may not finish).
Spain is closing A-power for the moment, but will keep it running for several years - they can still change course. That said, Spain does have other options like Seawind and solar.
Anyways, Germany was a very special case. Closing nuclear power alone on such a scale, and they are even the biggest industrial nation in Europe... its not like they didn't need the electricity!
Or when your allie blows up your energy supply line to cheap fuel and try to convince theasses that it wasn't ameri that blew up nordstream
Germany's already in a recession there's a reason they're cutting jobs and closing factories this is an unprecedented economic shift, worst crash in 60 years or so
I agree. So what comes next in Germany?
I’d be willing to call it a hundred years.
The Weimar Republic collapse was probably worse.
@@NoiserToo War
YAWN
This American is hoping the best for the once great automakers of Germany.
I work for a major uk diy and hardware retailer with over 800 branches. I guarantee that if you look at the products on the shelves, virtually everything is made in the PRC. Even high quality brands like Makita, Dewalt and Milwaukee. It’s quite remarkable and depressing
They have to run out of workers eventually.
Lower prices for consumers. What is so bad about that? 🤔
@@taylorc2542 Western countries “ran out” of these workers long ago, as who would want to work in a menial, boring and repetitive job with low pay? The Chinese are doing the jobs Western workers do not want to do.
Lower quality. b&q (probably who he works for) have stiffed their suppliers so badly that only the cheapest Chinese rubbish is ever put on the shelves. You can’t get anything better if price is the only factor. One year, they demanded 10% rebate of last years supplies if they still wanted to supply anything the following year- which obviously had to be 10% less than the previous year.
China has the foresight of constantly making efforts to move up the industry value chain. They are making major efforts on AI and robotics. Expect a wave of robots from China by the end of this decade just like what we have seen on renewable energy products. Oh, the robotic efforts will also solve the problem of reduction on their work force.
Germany and indeed the entire EU is in dire straits.
Brexiter?
@@daseteamFrance is ungovernable. Germany is in dire straits. Hungary is in permanent war with Berlaymont. Italy has had its illegals returned from Albania. Spain is being invaded via its Canary Islands. But hey…everything is hunky dory? Trump is about to put massive tariffs to punish the EU for not reciprocating tariff percentages. NATO fees are about to rise to 5% of GDP or Trump will withdraw and let Putin do his worst. But relax….things will be fine.
@@daseteam Math geek.
The question will be: just how will these fired workers be voting in the next election? To be woke or to survive?
Yes but defense industry is booming right now thanks to Putin 😊
Yes, they ditched nuclear and hydrocarbons, now they can't produce energy for an industrial economy. The wind turbines have produced close to zero energy for several weeks, due to the lack of winds. Obviously solar is negligble in a North European winter.
They ditched Nuclear because they're listening to the Alex Jonesenstein show, while Jones's dad lobby's to keep the coal plants on.
There are imbaciles running Germany. How can these people be so stupid. There are no words to how these people have treated their own country.
@@JoeEvermoreUnfortunately they’re not stupid.
It’s all deliberate.
Mistakes Were Not Made.
You ain’t seen nothing yet … Norway, Sweden and Denmark are seriously threatening to stop selling electricity to Germany cuz it is creating havoc with their domestic price structures.
Danke, Angela.
"Can't find skilled workers" is code for they don't want to pay market rates for those skills. It is an attempt to get the government to import cheap labour to drive down wages.
Soon they will be singing labour shortage like in the IT industry which translates to 'we want to pay cheap'
The younger generations will not work.
But that is fine.
Tesla Optimus humanoid robot to the rescue🎉
no, this means that schools are failing.
@@FirstLightAdv the people can cry for more money they will be replaced with robots
I am a skilled worker but often cannot apply as they want fluent German, ie they only want German. Most Germans I work with speak good English and the tech requires English, not German language.
This is a big problem for Italy too... A big chunk of italian industry output is usually absorbed by the german industry ...
I simply have to pay you a big compliment.
Your news and informations are always up to date and well-founded, the number of publications is impressive.
Living in Germany, I am experiencing the economic downturn at close quarters and it is alarming to see how quickly structural change is taking place.
German Auto industry had decades to innovate to EV's! Now it's too late for all legacy auto. Kodak! Nokia! Blockbuster!
Sorry ti say this, but he sound like a Chinese bought mouth piece. I mean on one side it is doom and gloom, on the other everything is perfect. Chinese economy itself is not doing so great.
The Green Scam has failed - are you ready to return to your strengths in ICE manufacturing - the cars people Actually desire?
@@larryc1616 EVs make no sense.
@@bunsw2070 Only to the simpleminded.
Germany cars are too expensive and not advanced like Tesla or Chinese EVs
Tesla cars are ancient like dinos
Germany is now paying the price for letting the ilk of Merkel into government
Ha,Ha,Ha,Ha!!
what do you know, you DEI hire?
The Mercedes-Benz Vision EQ Silver Arrow ✌✌
When the Tesla bubble bursts, then critics who have pumped Tesla shares up until now will run and buy German car shares instead, mark my words!😂😂😂😂😂😂
Largest Tesla factory is in China, most Tesla cars are made in China!
BMW and Mercedes lost their souls when they entered the race to the bottom on grossly over-chromed grilles 😅
Yeah, it was the turn to woke EVs that sealed their demise warrant.
@@NoiserToo well, musk is the wealthiest man in the world, so he made tons of money on evs ?
@@NoiserToohow so????
Yeah and the reason they make them look that way is targeting Chinese clients who guess what? They're not buying this crap anymore because they have their own :D
@@arthurmario5996 Interesting political divide, in that it has now included EVs. EVs = Woke. But the least woke person in the world is Musk. Who got rich by making EVs. But woke people will now not buy Musk EVs. Clean energy is Woke, Coal/Oil is anti Woke. Happy Holidays is Woke, Merry Christmas is anti Woke. How does this ever end? Probably not well. Exciting times. But in regards to Germany, I predict the next far right politician wearing a mustache will win. How did we get here? Technology today is awesome, but our politics is awful.
Fair and factual reporting. Appreciate it.
The question will be: what comes next? Continue with failed policies or go back to your strengths?
@@NoiserToo Right. Continue with listening fossil fuel lies, or start changing. Carbon tax is long overdue.
Germany's misfortune is its own making. It has politicians but not statesmen to run the government. unfortunately the same is happening in Canada. Love from Canada.
Energy cost due to Ukraine war is also a key issue
it's the price for following anglo-american economic pseudoscience
The price for becoming dependent on Russia and China. Let’s get the Europeans and the Americans on the same page so we both can grow. The EU is a barrier to this for its own institutional ends.
@@jeditoto3441 Yeah, Russia' invasion of Ukraine and resulting loss of natural gas *rignt after* they decided to shut down all their nuclear power plants. They always had more expensive labor, but combined with sky high energy prices it's fatal for manufacturing. The EU has been doing everything they can to shut down their farming too.
It is apparent there's a great plan for the future of Germany but it's not in its best interest
I don't wish Germany any ill will. I hope they can address their obstinate bureaucracy and start using their well educated population in the best way possible.
The problem is not Germany, the problem is America that occupies Germany and systematically makes steps that hurt Germany, its economy and is destroying its industrial base.
@araonna It's been a long time since America was telling Germany what to do.
@martalli all Germany has to do is call Putin and say let's be friends and turn on the pipe and their economy will see immediate improvement. Any rational leader will do so. But, they can't.
@@martalli, all the decisions on behalf of Germany are made in DC, and these decisions don't take German opinion into consideration.
@@araonnalol
And how do you twist reality to that conclusion?
That sounds more like a pathetic excuse tbh
Great Reporting Sam - so important to get the word out
True, Germany is collapsing but we're proud to be lead by our American master, who had German national interests in their heart.
This is why as an American I voted for Trump. I wanted to remind the world who we truly are as a people. Why does my country want WW3 with China? Why do we want to drag Europe into a confrontation with China?
@@zeitgeistx5239I support Trump contra Democrat Oligarchy regime, but policies of Trump and his Oligarch backers will make it way worse, unfortunately 😅
@@zeitgeistx5239 Most of Trump's picks to assist him are ultra China-hawks. In an early 2023 survey, almost 70% of 100K individuals (I presume most are from the US and UK) responded YES to war with China. There will 100% be war with China within 3 to 4 years, at least one fought using usa proxies.
🤖
@@zeitgeistx5239 Trump is a moron who belongs in prison not the WH. His supporters are no better then Germans who supported Hitler. History will not be kind to you.
The Americans did not force you to close down the nuclear power. :) And had you not done that, you might at least have had electricity covered and could better reallocate US or norweigian gas to the Industrial processes where it is not so easily replaced.
In fact, like France and the UK and Finland, you should probably expand your A-power. Belgium is into this too.
The US would not have obstructed you, had you done this. lol
This is what is honestly wrong with Germany too, their people think this can just go away if they get back the russian gas. It cannot.
Many skilled ppl flee from germany. The tax and politics are insane.
Germany is not that bad, half my country travels to Germany for shopping, fuel, and alocohol, because of lower taxes.
An extremely unexpected spot on analysis guy. First rate. I will be watching your videos in the future. And I do obsessively watch DW and read some German translations from their newsprint.
I live in Germany, and it's parallel reality. Nobody talks about it, news are dull&boring, dry steamed, 0 critical thinking and observation about current situation. Like Soviet Union in 80's.
@@szakachdekapolna4372 Australia here. Tell everyone in Germany that Australians do not care for petrol cars due to high fuel costs, complicated maintenance and toxic emissions. Australians want to transition to affordable, modern and innovative Chinese EVs as soon as they are available. The big 3 German petrol car companies will be finished in Australia within 2 years. Volkswagen does not mean to Australian consumers what it did 10 and 20 years ago. The 2012 Golf Mk7 was peak Volkswagen.
@user-kc1tf7zm3b I'm done with Germans. They are brainwashed and ignorant, and I'm planning to leave ASAP.
@@user-kc1tf7zm3b- perhaps, but you better start learning to speak Chinese soon, comrade.
@@user-kc1tf7zm3b EVs make no sense, especially in Australia.
@@NoiserToo German EVs are rubbish compared to Chinese EVs. It is not 2014 anymore. The preeminence that Germany has with petrol cars is utterly irrelevant as we enter the second half of the 2020s.
Congratulations🎉 Germany, you got what your Masters wanted
BMW, VW etc literally went over to china and taught them how to build the cars - china now builds its own cars.
Look at Britain from 1980 to now - factories gone
How is this not obvious?
Who enjoyed the profits?
@@ericshang7744 the suits, the middlemen! And there is only one group of people they care about.
Not true. Chinese branded ICE cars are not as good as German branded. To make EV, the Chinese taught themselves.
@@jamesfederer5592 Sorry: no, they didn't. 'Though they ARE now.
China hacked R&D: told it's "partners" that they'd only accept outsourcing contracts if the Western "partner" pays for production expansion, provides all tooling and R&D. This has become common practice. Meanwhile China has pursued a mass espionage campaign that is government-run & funded. And it's sent its people overseas to Western universities then work in Western firms here, before returning to China. Not all of them, of course, but enough to make a massive difference.
Now that EV production has ramped in China, that company's firms are best equipped to do further R&D. You learn production by DOING production. They played catch-up through criminal means but now they're in the best position to do it further in-house.
You're correct that Chinese EVs now are better designed, maybe, than German ones. Germany's firms have massive supplies of EVs sitting on lots; they'll never be sold. They're inferior in features & benefits to Chinese ones, and the Chinese ones continue to improve fast. What is less clear is the manufacturing standards & production quality of Chinese cars. Some - Geeley's Volvos, for instance - are very well-made. But China makes a vast amount of stuff with little concern for quality. Auto fires in China are rampant.
Yes , BMW, VW went over to China to teach the Chinese how to build cars , but these western car manufactorer did not do it for free . They made hugh amount of profit from the Chinese market for decades .
WOW, this is eye-opening. I had no idea.
I wonder if Germany misses that cheap Russia energy? Fools.
ja
No, why would they? They've got windturbines in the North Sea.
Deal with Russia face the American consequences, financially and security wise, we prolly leaving nato anyways so idgaf but if we weren’t
Brilliant,really enjoy the videos.👍
The cost of net zero in Northern Europe is very evident, we have closed most of our power stations, solar and wind will not support household power demand let alone the switch to evs.
Woke Europeans going bust. No surprise there.
You need more people watching your channel. No fluff, just pure dacts abd sound analysis. Tgank you
Damn it... I had to start working all over Europe once crisis finally hit the bank I was working on in Spain and was let go... went to UK, then Brexit happened... finally got a job in Germany which I hoped would be last one, and now this happens? Just end me already xD
please dont come to my city, wherever you go, your precense brings rain...
I’m sorry to hear that… Perhaps the solution is massive political change?
leave and go to china & russia
Gotta go to the USA now, USA is investing a ton on manufacturing high tech products like chips
@@danix4883 - 100% America is back in the drivers seat.
"It is cheaper in China" (C). Thats the one simple thing which is behind all of this.
3 decades ago we were sold on that disastrous "idea" of outsourcing to China. The rest is just inevitable, fully predictable consequences. China now has all the money, all the power. While the rest of the world has completely self-destructed. Amazing that it took so long but here we are. My guess is that in countries like Germany their hope was that maybe China will forever stick to making only cheap, nasty, low-quality, low-tech rubbish. Nope! That was just the start for China, that was just how they made their initial capital, very smart. And now they make everything, and they lead in all industries including hi tech. It is Game Over for the West now. But since it was 100% self-inflicted, can't blame it on China.
Would you invest in a rival country? From the start everybody thought China is like Africa. Their leaders are corrupted and can be bought and controlled. Their people are of inferior quality and they pose no threat. That’s why the vast and cheap labor appealed. But many forgot China was once mighty and leader in innovation, commerce, and military warfare. All it took was for a good incorruptible leader to lead the revolution, and tables are turned.
Why blame China? Why not blame capitalism or neoliberalism? Today you blame China, tomorrow you will blame Viet Nam, Bangladesh, India? You can never solve the fundamental problem.
The West transferred low-end manufacturing jobs to Japan and the four little dragons in Asia, Hongkong, Taiwan, Singapore, Korea, And then these rich Asian countries transfered low-end manufacturing jobs to China.
Low-end manufacturing industry stayed in China for a long time because China was too poor and too big, but China has also moved low-end jobs to Southeast Asia, Africa and India now, Have you ever heard of CCP complaining? Because China knows that this is the market economy, capitalism, globalization, You can't stop this natural trend.
China's solution is continuous industrial upgrading, constantly develop new technologies, reduce the cost increase caused by logistics, administrative efficiency, cheaper and more efficient energy. So the problem is the incompetence, ignorance and arrogance of German politicians.
@@lvjinbin28 I am pretty sure I was crystal clear that I was NOT blaming China for anything. Even said it explicitly. So I am not sure why you asked that question.
And what has this got to do with Capitalism? Stupidity and wrong strategical decisions are NOT tied to any particular economic system. Globalization and so called "Free Trade" does not define Capitalism. Capitalism existed long before any of that started. The out of control "outsourcing" approach was wrong right from the very start, it was a road to nowhere. And it was very clear even to ordinary people because yes, it is THAT simple. If a country no longer produces anything - that country becomes NOTHING. As simple as that. Yes, it may take time, it may take decades, but the outcome is inevitable and totally predictable.
The International Monetary Fund (IMF) has released the latest GDP data calculated by purchasing power:
China ranks first with a total economic output of 37 trillion US dollars;
The United States ranks second with $29 trillion;
The EU ranks third with $28 trillion;
India ranks fourth with $16 trillion;
Russia ranks fifth with 6.9 trillion US dollars;
Japan ranks sixth with $6.5 trillion;
Germany ranks seventh with a score of 6 trillion US dollars;
Eighth is Brazil, ninth is Indonesia, tenth is France, and eleventh is the United Kingdom
And you believe the numbers from China? 😂
@jeffrey7938 Forgive me, I was not aware that the International Monetary Fund is from China. Do you have a more relevant source, from Washington DC, 19th street perhaps?
@@jeffrey7938thấy kênh nào cũng vào bình luận tiêu cực nhi😂
It´s Wintertime. From 9:30 AM to 1:00 PM they generate an average 5,600 to 5,900 MW of electricity from the installed solar capacity of 82,500 MW. From 4:00 PM to 8:15 AM it is Zero. They switched out nuclear, they reduced the coal capacity significantly and forgot to build enough natural gas plants, except on paper. They have one (or two?) 100 MWh - 100 million USD batteries that provide 200 MW - for one hour. German factories were on the brink of existence due to high, inflexible bureaucracy, high taxation, norms, labour laws. Missing electricity and highly overpriced and taxed energy gave it the rest. They wanted to go green and they will go agricultural. They tried and failed an extremely costly transition to green energies without backup power when solar and wind was expensive and batteries not yet available. Comparatively and by phases China seems to be on a much more reasonable and organized path by doing things later, cheaper and on a huge scale.
Ja so ähnlich. Keinen grundlastfähigen Strom, zu wenig Energie und zu teuer
The German Auto Industry, once renowned for their quality of manufacture are in a race to the bottom - now driven by accountants, and not engineering. They are doomed, and their demise will have a snowball effect on the German economy...
Sounds like Boeing..
Sounds like they're taking management advice from US auto manufacturers. Just keep begging the government for money to bail them out.
when I find made in china parts on my made in alabama mercedes suv you know they've made their own bed. Kuka robitics was sold to china, bye bye germany.
Not true, most of the people in the board are engineers, check BMW and VW.
High European wages, sky-high energy costs, uncompetitive to the Chinese EV's & a shift in people's buying power. Much of the European/UK population in the midst of the biggest downturn in living standards in a generation since the sanctions began, It's a perfect storm.
The European wages are only high in the eyes of the employers but low in the eyes of workers. The reason? Taxes.
If EU doesn’t change and that is soon the EU will fail miserably. We are talking about depression or stagflation.
As they say, go woke, go broke. Time for a change, a?
dont forget sky high taxes, which suppress the economy
@@lancpudn - YT notifies me that I have a change in the thread and when I come here, my comment has been deleted… Again.
Even in Germany you don't here that much about it...
Legacy media has its head in the sand and is controlled by shell shocked elites. Time for a change.
Apart from 'Ukraine Ukraine Ukraine' and 'Putin Putin Putin' for Germany's abject Atlanticist political-media class is there anything else?
You should just read a newspaper (even low level Bild would work) or watch some daily business news. Are you lazy?
@@augustiner3821 I do that but the reaction did not match the real situation…
It's bad for moral.
The only car manufacturers left in 5 years are Tesla and Chinese ev manufacturers.
Stupid comment. Ev would not reach 50% in 5 years
And Land Rover
Toyota and Honda will be around in 5 years
In China only… everyone else will go ICE and hybrid.
And Jaguar...
I used to really like german cars, but last time i bought one was 8 years ago. They have left their own «brand experience» behind chasing «glitter and glam» and now their cars feels like «plastic fantastic» and you wont get the quality experience you expected. Combine this with their total lack of innovation, especially in the ev marked, makes it very difficult to choose them. It gave the feeling «we will deliver an mvp and make small changes for every year, so you never get anything close to a complete product»
Largest Tesla car factory is in China, most Tesla cars are made in China!
The Mercedes-Benz Vision EQ Silver Arrow ✌✌
And now watch Germany flip personalities, as it does under these social circumstances.
good segment, good review. Just miss a bit charts showing some of the development that are explained in this segment.
This is actually a huge worry for the whole world.
Around 1930, this is what led to the rise of the far right and indeed the rise of Hitler. Saying it couldn’t happen again is somewhat naive.
No it lead to the rise of the far left. National workers socialist party.
Except this time the US plays the bad guy.
@@FutureSystem738 gave rise to far left. Socialists.
德国现在有美国的军事基地，应该不会再有希特勒了。
Extrem Linke nicht vergessen
Irresponsible actions have Irresponsible consequences.
Germanys main problems:
- illegal immigration and related costs
- high energy costs
- high labour costs
- high taxation
- bureaucracy
- insufficient investment in infrastructure (optical fiber, railroad, etc.)
- arrogance and inability to adopt new technologies (they may be good in their traditional branches, but when a disruption occurs, such as the transition from ICE to EVs, they are extremely slow to adapt and would like to cling on to their traditional approaches)
high idiot level
Time to leave the EU.How much has Germany paid in,and paid out to migrants?
I agree, with the exception that they should return to their strengths and dump the EV revolution as they have been sold a false bill of goods. This problem shall be resolved in the upcoming elections, IMHO.
a little over 1% of germany's population is composed of illegal immigrants. Can you tell me how such a small number is at the top of your list for germany's main problems? That just doesn't make sense. Not sure how it works in germany, but in the US illegals contribute more in taxes than they take out, commit crimes at a lower percentage, and enable corporations to maintain lower salaries and benefits. All things good for the profits of these companies.
@@keithhooper6123EU and Euro was very beneficial to Germany. Before, each country was doing competitive devaluation overnight , sometimes by 30% ....
Right now the auto workers that moved to Tesla are thanking their lucky stars right now but tesla can't sell their cars to people with no jobs .
But they can give them rides via Cybercab cheaper than owning.
And yet, the right wing alternative parties in Germany permanently demonstrates against Tesla. Riddiculous.
@@mangravy2000 This will be Europe's car business coup de grace.
Massive redundancies at Tesla, more to come in 2025, sacked it's workers with an email. How kind
Deflation is really tough to get out of.
It is kind of amazing to me that the best reporting on the web regarding the German Auto industry is coming from an electric car guy. Keep up the good work!
How do you know it’s the best?
@@GT380man I simply claimed it was the best, IMHO.
Appreciate that! Cheers.
A big part of the problem is expensive imported energy attributable to national energy policies. Nuclear power shutoff, insufficient renewables, and loss of cheap Russian gas hit their industrial base hard. They will adjust to market missteps but high energy cost is friction for all economic activity.
The United States has been reminding Germany not to rely on Russian natural gas, so who is to blame?
This is Merkel's legacy. Shutting down nuclear plants, buying Russian gas and letting in 1 million Muslims!
As an American, Europeans need their own US lobby. Look at how many of our reps are dual citizens, and you’ll see why our govt won’t leave Germany
How bad is it? Are the executives and board members going to take their bonuses and “dividends “ on their gifted shares? How bad is it?
High Energy Businesses are doomed in the EU/UK due to Green Govt Policies. As you can't sustain a low energy, highly productive economy, energy consumption and the economy are tightly linked.
Too reliance on going green.
I lived in Germany for 7 years from 2004 to 2011 greats years and memories. It’s crazy to hear how bad things have gotten I live in Southern California. And Germany was going to be my country to live in because the US is getting worse. 🤦🏿♂️ Now I’m lost
Indeed, but don’t even consider my country, U.K. or my second home, France.
They’re both destroyed. And they’ve not stopped making it worse.
Just move to Texas
Complacency, bath in past own glory to the point of self-indulgence, over confidence in own competency and reluctant to make necessary adjustments to suit changing times are the main causes for downfall starting from the all powerful Roman Empire!
What surprises me most is that you don't hear anything about the large number of suppliers where thousands more layoffs will unfortunately follow.
To offset the laid offs they need to start making military gears. Which they need anyway.
That only solve the minority.. like if car manufacturers change to do that, that won't help on the tire factory who need to manufacture 50million less tires.. they still will lay off.. and cars and military equipments have different raw materials, so the full supply chain will lay off even if the car manufacturer still do somethig else..
It’s better than nothing
I seem to recall a military option in prior years 🧐
Without cheap energy you cannot make anything, especially heavy steel thingies.
@@ranchuhead4547right on…
And now the UK too…..and we start from a lower point.
Oh so easily predictable? Any company that can't lay off staff is doomed, will be interesting to see how they cope with the cost of the vast importation of the doctors and engineers?
Good analysis.
IMHO, it is more about being priced out, ice or ev.
True, a haircut is coming, regardless of which direction they choose.
@@NoiserToo You know that!
I think they are very active. It is a tough period for any country in the world. They are OK.
They talk a lot about it in Sweden! In Sweden the picture is that Germany is living in denial!
Vi är dock inte så mycket bättre själva. Vi lägger ner fungerande kärnkraft och kastar 100 tals miljarder på så kallade gröna projekt som går fullständigt åt helvete. Northvolt, H2 Green Steel, nu kallat Stegra. Och Hybrit. Nu verkar det som att även de hjärntvättade personerna verkar nyktra till lite. Sen kan vi ju bara nämna den galna satsningen på vindkraft också.
Sverige kommer drabbas av att Tyskland går dåligt. Vi behöver riktiga ledare som tänker klarsynt och inte drömmer om fantasiprojekt😅
Wir brauchen in D wieder Techniker und Naturwissenschaftler ENTIDEOLOGISIERT
I own an e-golf fantastic car,would love a e-golf viii,but no luck not building, instead id3 which is not a golf and too expensive.They are not listning to customers,vw,bmw etc
For a long time, it was considered a shame to go to professional training. Everyone mainly wanted to get a degree in the humanities, and real technical qualifications were pushed into the background. Accepting certificates proving the professional qualifications of immigrants is expensive and cumbersome. The quality of schools and training is also low, which is seriously reflected in school results.
...and most of the talented people have already left, to other regions! :)
I am a supplier of building materials, one of our main markets is, was, Germany. Building sector is at its lowest level, I think it is worse than in 2008. In many landkreis, communalities, not a single new house is being built. Car sales are terrible, private customers have disappeared, their cars are quite new anyway, they can postpone a new purchase for years, only firms are confirming long term leases, but it is not enough to sustain a sector as big as automotive.
They might have to sack thousands more judging by the videos
They seem to have too many workers doing the menial jobs
They need more robots like at Tesla and the Chinese factories to save costs
Unfortunately, the robots do not buy cars. Perhaps it’s time for massive political change?
@@NoiserTooThere are billions of prospective consumers in countries other than China, the US, and the EU members nations🙈🙈🙈🙈🙈🙈
Since robots will replace human jobs in large numbers, many countries will enter socialism. Because robots bring higher efficiency and productivity, the supply of products is sufficient, while humans, as the demand side, have lost their consumption ability due to lack of work, resulting in insufficient consumption. Therefore, the government has the responsibility to control the robot automation production line and distribute the products to all citizens with or without jobs. In other words, the government needs to adjust its policies so that humans can share the benefits brought by high-tech and the robot industry, that is, to let "capitalism" evolve into "socialism". People work shorter hours, robots work 24 hours a day, and humans enjoy the fruits of robot manufacturing.
@@NoiserToo To study Karl Marx - socialism and capitalism -- the Capital - high technology and robotic industry is to assist human development, it is government responsibility to let average citizens to share the benefits brought by high techno.
@@lijackson-x6r - unfortunately the history of humanity does not suggest that will happen as the Elites gain further and further control and the common person is reduced to a working slave. The book 1984 is the unfolding prophecy.
Well .. how about stopping the embargos on Russia, minding our own business in the situation, stop inviting every refugee from the planet to Europe and reverse the electric car rules in Europe. EU has done it to us.
Big difference in car factory wages in Europe to China? Say €15\€20 per hour in Europe while €3\€5 per hr in China? P.S NZ has minimum wage now of about €13 per hour...
Try paying a wolfsburg worker 15 an hour. I think daniela would like to have a word with you…
@@KeyshowJi But the point is well taken. In international trade, if one county has a lower cost of living (which translates to lower labor costs), and builds a product X. And another country with a higher cost of living (higher wages) and builds that same product X, I wonder which countries sales will be greater, assuming the same build quality? Thus country A with the higher wages needs to impose a tariff to put country B's product into rough parity. The US has done this for 60 years already on imported trucks and SUV with the 25% chicken tax. And everyone seems to be relatively happy about the situation. But imposing 100% tariff as the US is on Chinese EVs is over the top. And will create a trade war. Are there no reasonable people left in western politics?
Not just salaries. Factories are cheaper to build, labor laws are less restrictive, lower taxes etc. Therefore much easier to make a profit.
I hope daniela is having a merry xmas. I also hope that she is adhering to the sage advice of mendnz and proposing a 15 euro an hour total compensation for wolfsburg workers…
The worst part is that the CEO do not care at the end they will get there fat pay check it is all the worker that will end up with nothing that is the real tragedy for there lack of vision
What are German engineers working on to keep their economy going?
The next elections 🤣
Die Probleme werden ideologisch gelöst...Klima, CO2, Energie..
For years Germany has moved it's energy sector from Nuclear and fossil fuel towards mostly renewables. After Russian natural gas was cut off and the natural variation in production from wind, energy costs have been soaring crippling Germany's ability to compete in the Global market. When you combine the affect of the COVID economic destruction with the massive increase in energy costs, it's only a matter of time before all of Europe begins to collapse economically. The reason China does so well is because they use cheap fossil fuel for energy production while the Europeans have chosen expensive "Green" energy to save the planet.
Germany is still making car that people want - it's just costing them too much due to poor energy policy. The fix is simple - reduce the cost of energy, but it will require the re-examination of the geopolitical status quo. Will the German political establishment have the bravery to make such radical reforms? I doubt it, but I hope so.
What are implying there? Let me guess, to allow Putin to invade and annex whatever he wants in Europe, right? Hoping that his appetite will not grow. Amazing how lost history lessons are on some people. That's what they did with Hitler! Let's give him France, that will be enough for him. No? Oh, well, and maybe Poland. And so on. Ending up in World War and a complete disaster.
Solar and batteries are the cheapest form of energy by far. Some people cite France, and its government owned nuclear plants...but French electricity is substantially more expensive than Australian electricity. Nuclear is the most expensive form of electricity generation of all.
@@elephantintheroom5678 True when generation is compared in isolation - but unfortunately also complete garbage when you add the construction of storage and transmission to the equation - the entire supply chain cost must be considered, not just the generation cost. Not to mention the damage to local habitat and nature to construct the transmission lines, or the environmental damage created by mining the resources to create large-scale batteries... But that generally occurs in 3rd world countries, and I suppose that environmental damage doesn't count, provided we ignore it... Right?
@@apexdrift1 What a spin-doctor you are! Coal has literally polluted our atmosphere to the extent that it has destabilised the ocean's currents, is melting the Poles, and has warmed the planet irreversibly for at least a thousand years, and here you are talking about renewables causing environmental damage! What a bad joke! As for batteries, they have come down in price by over 90% since 2020. That makes renewables plus batteries much cheaper than nuclear energy. As for the transmission point, the transmission lines from old coal plants in Australia are already being used by solar energy. Dutton would have to turn off already cheaper solar energy to plug in his expensive nuclear energy. It's a fools errand, and only fools will be fooled by it.
Germany's energy crisis is just a symptom, The real problem in Germany is autonomous right,
-It's completely normal since the average age of the population in Germany is 45.
-There are too many uneducated employees. -German industry was designed for the last century.
Did you say 8000 managers? What on earth do you need 8000 managers for. Bullshit jobs I guess. Now you know why gemany is crazy expensive.
When you cannot innovate, you regulate, regulate, regulate. Gotta keep those bureaucrats employed!
mustache man may return …
The answer to the question: what would happen if we shut down our power plants.
The "free health care" system with high taxes has come home to roost and it's hatching velociraptors not cute chicks.
free stuff for freeloaders - see also: Blue States
Germany doesn't have a "free health care" system, do some reseach before you post -
Germany has a universal[1] multi-payer health care system paid for by a combination of statutory health insurance (Gesetzliche Krankenversicherung) and private health insurance (Private Krankenversicherung).
It's interesting that you point out that demand for cars has declined significantly since the global Corona Virus calamity.
saw this in my own industry - civil engineering consultancy, when 90%of staff began working remotely.
This brought about a realisation that it was no longer necessary to live close to your place of work to earn a salary. THAT alone has triggered a huge global change in behaviour, and what were seeing now is a consequence.
Why did european politicians agree to send almost all manufacturing to China? They must have seen this coming? I simply can not understand this, of course I understand the math behind it, but yet, even they should have known that this was going to end in disaster. And on top of this, new cars are crazy expensive, no one can afford to buy them. They are to advanced (in my opinion), cars are like spaceships on wheels. We need, simple, reliable cars. The years until 2030 will be exciting... Thanks for a good channel, regards from Sweden.
Because it’s uncompetitive to make goods there. When you energy cost 5 times more than China how do you compete. The Chinese also work just as hard or even more so then EU counterparts and there are more of them.
The EU needs TARIFFS to buy time to get its house in order!
Germany needs to re-examine its values and do soul-researching. It then needs to draw up a plan and get yo work!
Without tariffs, the EU will find itself in a Great Depression!
Because the eu is controlled by communist filth who despise the west
Das mit der Mathematik ist in D ein Problem geworden
And send even more help to Ukraine 🎉
As Long as they remain subdued to US gov orders...
Russians can help EU but...
Germany seems to be a massive version of British Leyland in the U.K. in the seventies
As the population of Germany isn't growing so does the economy.
With more people retiring than entering the workforce what do you expect?
They have a million plus migrants to use ... Oh wait they don't want to work.
Robots, Automation, efficiency.
Workers and labour acknowledging that if they don’t move everything is lost.
But no, realism and lefty labour unions just don’t go hand in hand.
That being said the board needs to lead by example. Take a cut, they will live.
Yes, people born in 1960 are about to start retiring next month. Good luck with that. The generation replacing them is so small.
We will soon see what a demographic winter looks like.
That plays a role, but isn't the only thing. In China there is also an aging of the population (1 child policy etc), but less.
The EU must regret insisting on banning the sale of fuel vehicles
Discussing the state of the German economy without mentioning the US's Nordstream bombing is like discussing the Titanic without mentioning the iceberg.
The USA proceeded to force Germans to destroy their trade relationship with China. Without the massive Chinese market, without the dirt cheap Russian gas and commodities, there was never ever going to be a future for Germany. This is 100% geopolitics. "Keep the Russians out, the Germans down, and the Americans in."
you mean the help that germany gave to the US's nordstream
germans were very active F'ing their own selves....
Also, how can an economy thrive when politicians extract billions of dollars from circulation and ship the money to a foreign country to be burned up into smoke ????
💯
Ditto. Plus German government allowed it & now it’s a lame duck government 🤣🤣🤷🏾♂️
Europe
“We're on a ride to nowhere
Come on inside
Takin' that ride to nowhere
We'll take that ride
We’ll take that ride”
-Talking Heads
So let’s tally the issues up:
- high energy costs due to leftist policies ( ie: anti nuclear)
- high labor costs due to leftist socialist policies
- high taxes due to leftist socialist policies
- high course correction costs due to leftist regulatory policies
It’s well past time for the western world to get their act together and ditch the idiotic policies that lead to stagnation and failure. Maybe it’s time to just let Poland govern all of Europe.
hohe Energiekosten durch die Klimapolitische Energiepolitik, kein AKW, kein Gas, kein Öl, keine Kohle
Our energy costs are in the middle in europe and we have a very stable electricity net. Because of russian gas shortage the prices were higher, but they came down again. With a good
Supplier you can charge your ev with 15 ct over night. What do you pay? Greetings from germany
@ I pay outrageously high gasoline prices in California for my carrera s and M5, which I’d like to thank your country for the pleasure and privilege of having. However, our local gasoline prices are outrageous because of some of the same problematic policies listed above. I would gladly take Poland’s leadership over California’s state government.
@@tomcarl8784 I'm Chinese, and my relatives in California all hate the Democrats !!!!!!!!!! LOL!!!!
Some people are never happy with success.
Sorry it's there own fault.
snowballs don't pick up steam. Snowballs pick up snow.
Germany is finished as a manufacturing power. The loss of cheap Russian energy and collapsing demographics are the reasons.
Add to that the woke politicians that are handicapping Germany’s strengths.
lol woke politicians are actually trying to achieve energy security by turning to renewables. The right wing critics ignore oil company profiteering and are trying to ensure continued dependency on fossil fuels by stupidly denying the climate crisis which is cooking us, Germans included, alive. By the way, using the word “woke” is like code for saying “I am a stupid person who thinks Trump is a great man.”
@@NoiserTootelll me, what “strengths” are “woke” politicians “handicapping”? What does “woke” mean? lol you are providing me with comic relief here. I am counting on you.
Nuclear and coal plants.
@@scrambabawoke are soft people that cant make decisions. Talk is what they do. Act is what they lack.
Could these workers learn how to install solar panels and heat pumps? That's better than even more cars.
No, it isn’t.
Japan never emerged from its lost decades. it's now Germany's turn.
the sad fate of the empire's colonies.
Japan doesn't have millions of people who hate the Japanese society within their country.
The United States has been reminding Germany not to rely on Russian natural gas, so who is to blame? Is it the fault of the United States? You should blame Merkel
Sadly true, I have to confirm
Olaf virus 🤒 😷 🤒
The reality is that the whole of the European car industry is in danger of total shutdown. What does this mean for the EU who will get the blame and not the Chinese!
Germany is like my elderly friend. My friend has gotten every Covid vax and 3 boosters. He has nearly died several times after the vaxs and boosters; yet he returned each time over a 3 year span and lined up to get his booster. He apparently has a death wish just like Germany.
Germany has a net zero emissions goal. They are on the fast track to achieve it early.
No they are not because they shut down nuclear power plants. They have a higher carbon footprint than France.
Germans: thank you USA!
Gern geschehen
Stick with us kid, we'll take care of you...
Didn't a certain Orange man mentioned about them being dependent on Russian gas and he was laughed at?
Trump told Germans to not be dependent on Russia energy bc it was going to hurt Germans, but politicians didn’t listen
Yup. The germans dug their own grave and in the spirit of far leftism, blames everyone else.
In the 90s American electrical product makers (including computer companies) had to shift production to cheaper countries to be able to make enough profit.
I see the car industry going that way because cars are now more akin to computers because of electrification.
I think many Volkswagens will have to be made in Poland, China and Mexico to prevent Volkswagen going bankrupt.
China. I think we were so naive in Germany.
@@carminia824 Australia here. Tell everyone in Germany that Australians do not care for petrol cars due to high fuel costs, complicated maintenance and toxic emissions. Australians want to transition to affordable, modern and innovative Chinese EVs as soon as they are available. The big 3 German petrol car companies will be all but finished in Australia within 2 years. Volkswagen does not mean to Australian consumers what it once did 10 or 20 years ago. The 2012 Golf Mk7 was peak Volkswagen.
@@user-kc1tf7zm3b just out of curiosity: How do you cross the desert with an electric car? Is there the infrastructure necessary for charging?
At the moment, I think, EVs are only suitable for urban areas.
@@carminia824 Australian drivers only travel 33km each day on average. EVs have 500km of range, so autonomy is just not an issue. Sydneysiders do not bizarrely drive across the continent to Perth, an epic 4,000km journey taking 5 days, as this is outrageously inefficient. One would just fly to Perth and hire a car if need be. Most Australians do not drive through the desert as there is nothing there.
It is very easy to make long distance drives in an EV; this has been the case for many years. A human can only drive for 2 hours before a toilet, drink or snack break needs to be taken. A driver would recharge the EV with this obligatory stop, so no time is lost.