The whole concept is politically driven, not verified with science and engineering.
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European Economics Thread
- Thread starter PiSigma
- Start date
Elected politicians guiding Germans to hell, for a second time. It is somewhat unbelievable because, during our formative years, Germany was synonymous to industrial might. It was unimaginable that Germany would not only be surpassed by China but also being destroyed from within. The German failing is yet another heavy-duty rebuttal to those Chinese who advocate western democracy as panacea. I have no ill-intention toward Germany. I can only sigh in disbelief.
Had a family gather this weekend and some uncles and nephews started talking about how much friends or families of politicians are all in green energy over here and how they all get those nice green contracts and subsidies.
The rumor from China said that the Xi administration was about to "surrender" with the first draft between Robert Lighthizer and Liu He. But Trump's team pushed a little too far in the draft. When Liu He presented the draft to the politburo, he was facing overwhelming objection. So China was forced to walk away. Finally, Trump's team compromised with the second draft, a.k.a. the first phase agreement as we know now, which was a significant watered down draft in comparison to the first draft. As the time passes, China is standing firmer than most decision makers in Zhongnanhai expecting. Huawei is one of the brightest surprises. As the time glides into the Covid era and Trump leaving the white house, people in that complex finally have waken to the fact that China is economically more resilient than they actually thought. None of the trade war triumph was designed. It just so happened. As the 推背图 illustrated, 国运来了挡都挡不住。
They can transition to services and leave industry to Asia. Lol
Germany is way less developed in modern advanced services in competition with US or UK or even Hong Kong. Without a blue-chip internet/cloud business, how is possible for Germany to make up the loss of wealth and skills and employment from the industrial sectors. Other than Metro, there is no service business even close to the likes of BBA, BASF, Siemens, Bosch, etc. There was Deutsch Bank. But it was one of the biggest culprits of mortgage-backed securities that incited the 2008 Great Recession. Yeah, no, Germany has no chance of maintaining its current standard of living by transitioning to a service-oriented economy. Heck, VW is being forced to hire 5000 software engineers in China for smart EVs after its boss was fired.