European Economics Thread
- Thread starter PiSigma
- Start date
We won’t hear any UK collapse news though.
UK GDP is like bad cholesterol. When it goes down, it's a good thing. However when China GDP falls, people are going to overthrow the CCP because they expect GDP to grow by 9% every year. Anything below that is unacceptable and will result in mass riots, famine, civil war and societal collapse. Considering China is predicted to grow a measly 5.5% this year, the country likely only has 2 weeks left before it collapses.
Holy cow. It is almost as if the Chinese people actually hold their government accountable.
In case you need more proof Germany is deindustrializing:
Germany also seeing increased financialization:
With a pervasive neoliberal ideology and industry in decline, the FIRE sector is strengthening its chokehold over the German economy pushing right-wing neoliberal ideology. As Michael Hudson writes, “An industrial economy’s decline usually provides a grab bag of opportunities for financial predators and vulture funds.”
So it is in Germany. This is showing up in corporate profits in Germany, which reached a of 234.15 billion euros in the first quarter of 2023.
It’s on display in German budget plans for 2024, which impose deep austerity everywhere except the military.
It’s evident in the growth of Germany’s private equity and venture capital industry, which from 2012-2021, and that trend is picking up steam. , International and U.S. law firms continue to invest in Germany, with international mergers and acquisitions, finance and private equity hires driving legal market growth in the country:
The financialization of Germany is also showing up in how the German people are getting squeezed and are increasingly angry. From
This year’s budget continues to starve the public system. From
Deutsche Welle the growing unaffordability crisis in the country:
It gets better —
@nakedcapitalism
Germany also seeing increased financialization:
With a pervasive neoliberal ideology and industry in decline, the FIRE sector is strengthening its chokehold over the German economy pushing right-wing neoliberal ideology. As Michael Hudson writes, “An industrial economy’s decline usually provides a grab bag of opportunities for financial predators and vulture funds.”
So it is in Germany. This is showing up in corporate profits in Germany, which reached a of 234.15 billion euros in the first quarter of 2023.
It’s on display in German budget plans for 2024, which impose deep austerity everywhere except the military.
It’s evident in the growth of Germany’s private equity and venture capital industry, which from 2012-2021, and that trend is picking up steam. , International and U.S. law firms continue to invest in Germany, with international mergers and acquisitions, finance and private equity hires driving legal market growth in the country:
The financialization of Germany is also showing up in how the German people are getting squeezed and are increasingly angry. From
This year’s budget continues to starve the public system. From
Deutsche Welle the growing unaffordability crisis in the country:
It gets better —
@nakedcapitalism