Germany Deindustrialising & Subordinated - Sevim Dağdelen, Alexander Mercouris & Glenn Diesen

Economic Crisis in Germany

Germany is currently facing a significant economic crisis marked by stagnation and mass layoffs across various industries. Major companies, particularly in the automotive sector like Volkswagen and Ford, are planning substantial job cuts, contributing to a grim outlook for workers and the economy. This crisis is exacerbated by the government's extensive budget overspending related to military spending and sanctions against Russia, which have reportedly cost Germany around 37 billion euros. With one in six citizens at risk of poverty, the impact of these economic challenges threatens to erode the middle class and push many into social decline.

Interconnectedness of Politics and Economy

The podcast emphasizes how politics, economics, and foreign policy are intricately connected, particularly in the context of Germany's recent struggles. Many in Germany recognize that the country's longstanding economic stability has been jeopardized by aggressive geopolitical stances and sanctions against Russia. The rising cost of energy, stemming from these sanctions, has led to dramatically higher prices in the German market, further harming industries reliant on affordable energy. Despite this understanding, the political will to change course appears limited, as governmental policies continue to prioritize geopolitical commitments over national economic welfare.

Concerns About De-Industrialization

The threat of de-industrialization looms large in Germany due to current economic and political decisions being made on the international stage. Experts voice concerns that the combination of sanctions against both Russia and China may lead to a decline in Germany's industrial base and its global competitiveness. If policies that prioritize ideological alignment over economic stability continue, key sectors may face irreversible decline, which would undermine Germany's welfare state model. Despite the grim outlook, there is a growing awareness among the public and within certain political factions about the need for a reevaluation of these policies to protect industries.

The Future of Germany in a Multipolar World

As the global landscape shifts towards a multipolar world, the role of Germany within the European Union becomes increasingly complex. Growing discontent with the EU's perceived subservience to U.S. interests raises questions about Germany's autonomy and economic future. The podcast highlights the importance of forging relationships with emerging powers, like the BRICS nations, to create a more balanced and independent foreign policy. Conversations about reestablishing Germany's position in global politics are crucial as the country navigates the challenges posed by dwindling influence from traditional allies.

The Duran Podcast

Germany Deindustrialising & Subordinated - Sevim Dağdelen, Alexander Mercouris & Glenn Diesen

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Quick takeaways

Deep dives

Economic Crisis in Germany

Interconnectedness of Politics and Economy

Concerns About De-Industrialization

The Future of Germany in a Multipolar World

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