Germany’s 🇩🇪 industrial decline has been foreshadowed for sometime.

First, it was deceived by the IPCC on the reasons for global warming, therein deliberately investing in more expensive short term 20 year wind and solar power projects.

Secondly following Fukushima, it closed down it nuclear placing dependence on other States including France 🇫🇷 for reliable energy and having to maintain coal-fired plants.

Thirdly and perhaps no fault of its own, it Nordstream gas pipeline destruction increased further the price of energy.

Higher relative cost of energy in Germany 🇩🇪 means capital is redirected to lower energy cost countries, such as China 🇨🇳 and USA 🇺🇸.

To arrest this, Germany 🇩🇪 would need to remove energy subsidies favoring any one technology and allow the market to solve the energy crisis. There seems little hope of this for now however with socialist ideology well entrenched.

https://www.taipeitimes.com/News/biz/archives/2024/02/12/2003813420