Post #39332 by Dope1 on the Science, Technology, Engineering and Mathematics board

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LOL @ the left.

https://thedailyeconomy.org/article/germanys-elect...

Germany’s Election Reveals the Peril of Pursuing ‘Green’ Dreams

Five years of no growth and few jobs have fractured the coalition government. Net-zero fantasies turned out to be a self-inflicted nightmare.

This is what brought the socialists in Germany down.

Until recently, this would have seemed incredible. In the early 1990s, Germany’s per capita Gross Domestic Product (GDP), adjusted for inflation and differences in living costs, was equal to that of the United States, an incredible achievement for a country whose economy was obliterated during World War II. The jewel in West Germany’s economic crown was its manufacturing sector, which specialized in high-quality products made by a highly capitalized, highly productive, highly paid workforce. This accounted for 19.9 percent of German GDP in 1997 compared to 16.1 percent in the United States: By 2021, while manufacturing had fallen to 10.5 percent of United States’ GDP, it still accounted for 18.7 percent in Germany.

And what is it now?

Germany’s political class thought that it could have an industrial economy based on pre-industrial sources of energy like wind and solar. For a time, Russian natural gas allowed them to live that fantasy and lecture those who did not share it. The fantasy is now over, and it turns out that switching your economy to pre-industrial energy sources switches you back to a pre-industrial economy. Germany’s energy-intensive industrial production is now at a level even below those it fell to during the pandemic.

The country hasn’t seen significant economic growth in five years and 2024 was the second year in a row where Germany’s economy actually shrank.

Yup. Bbbbut it must all be about Trump, right?

Hardly.

On November 1, FDP leader and finance minister Christian Lindner called for tax cuts and a halt in new regulations, and opposed new spending, including on action against climate change. The SPD and Greens branded this “provocation” and on November 6, Chancellor Olaf Scholz (SPD) dismissed Lindner, and the FDP quit the coalition, leaving a minority government.

Nah, not so much.

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