'Compelling' Guardian'Eloquent and comprehensive' Financial
Times'Excellent' The Telegraph'Astonishing' The Times'An
eye-opener' Gavin EslerUntil recently, Germany appeared to be a
paragon of economic and political success. Angela Merkel was widely
seen as the true ‘leader of the free world’, and Germany’s
export-driven economic model seemed to deliver prosperity. But
recent events – from Germany’s dependence on Russian gas to its car
industry’s delays in the race to electric – have undermined this
view.In Kaput, Wolfgang Münchau argues that the weaknesses of
Germany’s economy have, in fact, been brewing for decades. The
neo-mercantilist policies of the German state, driven by close
connections between the country’s industrial and political elite,
have left Germany technologically behind over-reliant on
authoritarian Russia and China – and with little sign of being able
to adapt to the digital realities of the 21st century. It is an
essential read for anyone interested in the future of Europe’s
biggest economy.
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