Kaput:
The End of the German Miracle Hardcover – 7 Nov. 2024
by
Wolfgang Münchau (Author)
'Compelling'
Guardian
'Eloquent
and comprehensive deconstruction of the German model' Financial Times
'Excellent'
The Telegraph
'An
eye-opener' Gavin Esler
Until
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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