The Decline of Germany's Economy

Germany, once thriving due to globalization, is facing significant economic challenges attributed to decreasing investments, excessive bureaucracy, and geopolitical tensions. The factory in Memmingen, which produces solenoids, highlights a 20% drop in output compared to five years ago, reflecting broader struggles across the German industrial landscape. As the country experiences its third consecutive year of recession, prominent figures like Albert Schultz point to the impact of the war in Ukraine and the retreat from globalization as key factors in this downturn. The changing dynamics mean Germany can no longer rely on cheap energy from Russia or the assurance of American military support, indicating a profound shift in its economic foundation.