In 'Kaput: The End of the German Miracle,' Wolfgang Münchau argues that the weaknesses of Germany's economy have been brewing for decades. The book critiques the neo-mercantilist policies of the German state, driven by close connections between the country's industrial and political elite, which have left Germany technologically behind and over-reliant on authoritarian Russia and China. Münchau also discusses the impact of Germany's dependence on cheap energy, particularly Russian gas, and its failed bets on China. The book is an essential read for anyone interested in the future of Europe's largest economy.
John Kampfner's "Why the Germans Do It Better" likely explores the strengths of the German economic and political model. The book probably examines Germany's approach to industrial policy, social welfare, and its role in the European Union. It might compare and contrast the German model with other countries, highlighting areas where Germany excels. The book likely offers lessons and insights for other nations seeking to improve their economic performance and social cohesion. It's a valuable resource for understanding the German model and its implications for other countries.
Joe Biden's White House days are numbered, and he appears to be scrambling to secure his legacy. With a ceasefire just brokered between Israel and Lebanon, George Osborne and Ed Balls ask: What kind of influence is the returning President Trump already having on foreign policy? How is the transition really working? And what does this mean for the conflict in Ukraine? Is the Trump effect forcing world leaders to harden up and have a real, public conversation about a peace deal?
Back home, Rachel Reeves is talking a big game – insisting Labour won’t be bringing in any more tax increases or borrowing plans. Is she making promises that will be hard to keep? Ed and George mull whether Reeves is setting herself up for trouble down the road.
And with a snap election in Germany just months away, Ed and George take a closer look at the country’s economy – which has gone from ‘miraculous’ to ‘kaput’ in just a few years – and ask who’s to blame.
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