Top Tweets for #ARMUT

Studie der Großbank UBS zum Medianvermögen in 30 Ländern: Deutschland steht inzwischen hinter Griechenland auf dem letzten Platz (bei Zahlungen an Ukraine, EU oder WHO aber auf dem ersten). Merz pendelt zwischen Kürzungskonferenzen in Berlin und Geberkonferenzen im Ausland. Link: https://t.co/nZ79q1Gk9j

Studie der Großbank UBS zum Medianvermögen in 30 Ländern: Deutschland steht inzwischen hinter Griechenland auf dem letzten Platz (bei Zahlungen an Ukraine, EU oder WHO aber auf dem ersten). Merz pendelt zwischen Kürzungskonferenzen in Berlin und Geberkonferenzen im Ausland. Link: https://t.co/nZ79q1Gk9j

Western nations are growing poorer by the day, losing strategic industries and assets, shedding jobs and piling up unpayable debt. China’s coal-fired industrial juggernaut powers confidently onward. This policy failure of the West has delivered self-inflicted energy poverty, forced factory closures and deindustrialisation. No modern economy can survive electricity costing four to six times its main competitor. Entire sectors – steel, chemicals, fertilisers, refining, automotive – are collapsing or fleeing. This is all funding China's economic miracle. The West responded to the climate crisis ideology with intermittent, costly and unreliable wind and solar, as visualized in the idealised landscape shown in the image. These sources simply fail to deliver the essential baseload power needed to support manufacturing or heavy industry. Meanwhile, household and industrial electricity prices have marched relentlessly upward. We already have a global price tag forecast for net zero of $275 trillion by 2050, at $9.2 trillion a year (McKinsey Global, 2022). Western nations spent the last four decades systematically dismantling their reliable coal, oil and gas generation — and waging war on their own citizens. Ironically, traditional fuels continue to provide 81% of the world's primary energy — wind and solar around 6%. Since 2021, China has permitted or started more than 400 GW of new coal — almost 1½ times the entire electricity fleet of the EU. No Western nation can come close to matching Beijing’s cost structure for forging steel, refining aluminium, producing chemicals or mass-manufacturing batteries and EVs. This is delivering the cheapest, most reliable electricity on earth to China's factories. While the high electricity costs and industrial pressures in the West are real, the crisis runs deeper than a mere policy blunder—its a fundamental failure of national sovereignty. China is aggressively ramping up renewables — adding massive wind and solar capacity (exceeding 500 GW in 2025, including record solar installations); yet it still commissions significant new coal power plants (over 80 GW in 2025) to ensure grid stability. China got it right — we got it wrong.