The Magazine for Asian Investors
Sunday’s election will decide the future direction of Germany. The left-wing SPD is slightly ahead of the conservative CDU. It will be exciting to see in which coalitions the new government will work, but a merger with the Communist Left should be avoided. The thought of Europe’s largest economy falling back into the dark communist times sounds more than scary. As history has taught us, this has ended in one of the darkest periods in German history.
Is Germany Living in a Bubble of Prosperity?
Germany has one of the most ambitious goals when it comes to climate. Sounds partly reasonable, because it’s true that we should pollute nature less and blow less dirt into the air. But this transit should not be at the expense of the economy and as a result at the expense of jobs.
What is the situation in Germany?
Germany has probably one of the most ambitious goals when it comes to implementing green energy. This trend was already introduced after the nuclear disaster in Japan. As a result, Germany has sealed the complete nuclear phase-out. It’s a pity that nuclear power is the cleanest and most reliable energy source. But one after the other. Now the next step is to shut down coal-fired power plants and replace them with unreliable alternatives such as solar and wind energy. Too bad the wind doesn’t always blow and the sun doesn’t always shine. A phenomenon that California is also experiencing at the moment. In response, the governor of California has declared a state of emergency. The energy gap that is opening up at the moment is to be compensated for by inefficient diesel generators. What a great way to support clean energy.
But now back to Germany.
Germany has long lived on prosperity that was slowly built up in the post-WWII era. Newer generations have rested on these laurels. How else can it be that an industrial nation degenerates from a major energy exporter to a major importer? The answer can probably only know the smartest politicians in Berlin.
This also fits the strategy of having the highest electricity prices (30 cents/KWh) Worldwide! In addition, the prices for fuel continue to rise. Experts assume that under the new government the fuel prices for the year 2022 will rise to €2.30 if not even higher.
Especially when it comes to the winter months, many people in Germany will probably experience their blue miracle when looking at the electricity bills and heating costs. Gas prices have risen steadily in Europe and are now almost as high as they were last during the financial crisis in 2008. Governments blame Gazprom for the rising prices, as the company is not supplying enough gas. According to Gazprom, gas supplies to Europe are higher than they have been for a long time. Statement against statement would say outsiders now but now you can also argue that politicians like to push the blame on others to distract from the real issue and the issue is that Germany is in an energy crisis and Mrs. Merkel has already admitted this.
Since the German citizen has not already been saddled with enough, he now also gets the brazen CO2 prices put in front of his nose. This means that nature is saved when the wallet of ordinary people becomes lighter. What a great move from Berlin. So when will the real climate problems be addressed? A secret that is probably buried deep within the EU.
The status of a major industrial nation continues to slowly crumble away. Where are the great innovations and the great thinkers? We will spare ourselves the discussion here about the construction of the Berlin airport or the Stuttgart train station.
These characteristics of freedom have been slowly banished by regulations and restrictions.
It is probably a true statement that the more regulations a state have, the more corrupt it is.
Finally, it remains to say that the free voter always gets what he deserves and that the hard way.