German business model was based on:
— Michael A. Arouet (@MichaelAArouet) September 7, 2024
1. Cheap energy from Russia
2. Cheap subcontractors in Eastern Europe
3. Steadily growing exports to China
All three are gone by now, but German politicians and unions are still mentally stuck in a world that doesn’t exist anymore.
Chart… pic.twitter.com/YY6bJV2OiH
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