Germany racked up one economic success after another for most of this century. But the loss of Russian natural gas due to the war in Ukraine has dealt a severe blow to its industry through higher energy costs.
I am not an economist, but I do think that it is important for a country that its citizens have money to spend, that they are sufficiently educated to be able to participate in the digital world and that they can work productively because they are healthy. From that point of view, I think that this is worth invsting in and that political reform that is predominantly based on sustainable economics would make sence (in Germany, there is a difference between the so-called “Volkswirtschaftslehre” (economics), which focuses on overall political and social issues, and the “Betriebswirtschaftslehre” (business administration), which deals with the successful management of companies - the latter was way more influencial in German politics since the 80s). It just seems to me that the neoliberal doctrine that the market would regulate itself has proven itself wrong by now. So, in my opinion, reforms are needed to put a stop to neoliberal capitalism, which I feel has gone off the rails in the past decades. This seems just necessary to me; especially in the context of climate change. I simply don’t believe that individual companies can operate sustainably as long as they are primarily pursuing short-term profit interests.
I am not an economist, but I do think that it is important for a country that its citizens have money to spend, that they are sufficiently educated to be able to participate in the digital world and that they can work productively because they are healthy. From that point of view, I think that this is worth invsting in and that political reform that is predominantly based on sustainable economics would make sence (in Germany, there is a difference between the so-called “Volkswirtschaftslehre” (economics), which focuses on overall political and social issues, and the “Betriebswirtschaftslehre” (business administration), which deals with the successful management of companies - the latter was way more influencial in German politics since the 80s). It just seems to me that the neoliberal doctrine that the market would regulate itself has proven itself wrong by now. So, in my opinion, reforms are needed to put a stop to neoliberal capitalism, which I feel has gone off the rails in the past decades. This seems just necessary to me; especially in the context of climate change. I simply don’t believe that individual companies can operate sustainably as long as they are primarily pursuing short-term profit interests.