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.
In this week’s episode of Bookstack, host Richard Aldous sits down with economist and financial journalist Wolfgang Münchau to discuss his new book, Kaput: The End of the German Miracle (Swift Press).
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