The combination of financially backing the EU, supporting NATO’s Russian sanctions, the primitive Green agenda, and the importation of millions of economically net-negative immigrants has finally overwhelmed what was once one of the world’s great economic engines:
One in three German manufacturers is considering moving production to other countries amid economic troubles, double the number recorded in 2022, Bild news outlet reported on Saturday, citing Siegfried Russwurm, the head of the Federation of German Industries (BDI).
According to the report, among the latest firms planning to relocate is household appliance manufacturer Miele, which plans to cut 2,000 jobs in Germany and move 700 positions to its site in Poland. Heating manufacturer Viessmann had already moved 3,000 jobs to Poland.
Volkswagen said last year that it would build a new battery factory in the US, and BASF announced plans to invest €10 billion in a petrochemicals plant in China amid job cuts at its headquarters in Germany. French steel pipe manufacturer Vallourec shut down production in Germany in September last year, while tiremaker Michelin and its US rival Goodyear said they would also close their German plants by the end of 2025.
Russwurm says that a growing number of companies have reported that their “patience with Germany is at an end.” According to him, the slowdown in economic growth and high rates of inflation, especially with regard to energy, have resulted in less investment, and Berlin lacks a strategy to turn the situation around. This in turn leads to a gradual decline in manufacturing, he said, and while existing production lines may continue to operate for a while, “new ones are no longer being built in Germany.”
Many companies point to the high energy prices, which soared after Germany lost access to Russian natural gas in 2022, as one of the major causes of their problems. This was exacerbated by Berlin’s decision to phase out nuclear energy and coal and switch to renewables, which, according to Russwurm, put manufacturers working in Germany at a significant disadvantage compared to other industrialized nations.
The German dirt is no more magic than the American variety. Generations of Turkish gastarbeitern combined with Merkel’s refugee wave means that manufacturers based in Germany are no more guaranteed actual German workers than if they just set their factories up in Turkey or in China.
The biggest lie that the neoliberal economists ever told was that immigration is good for the economy. While immigration can be good for the economy, such as when you’re replacing Native American nomads, African slaves, and Irish indentured servants with hard-working German immigrants, the 20th century movement of peoples has proven, beyond any shadow of a doubt, that replacing Northern Europeans with any other population is very, very bad for the economy in every sense of the term, including by the most basic GDP-per-capita metric.
To say that “immigration is good for GDP” is a literal tautology, because GDP increases with the addition of every single economic actor. Of course, it does with every dollar of debt too, and yet no one is dumb enough – a few professional neo-Keynesians aside – to claim that “debt is good for the economy”. But in both cases, the historical data proves – does not suggest, proves – that mass immigration is reliably very, very bad for an industrial economy.
https://voxday.net/2024/02/12/the-third-economic-destruction-of-germany/
