This is correct….as a few of us have been pointing out for a while, Germany is in a period of existential threat. The Net Zero / Green agenda has made it very expensive to do business all while the Chinese threat to their core manufacturing and chemical businesses have increased exponentially. What no one could believe would ever happen is happening at a pace that no one can believe.
This is a lesson that America can still take and avoid the same outcome. We have been degraded in industry, but we are not on the verge of our industrial engine completely collapsing…..but if we let China into our country unfettered, we will not be able to avoid the same fate. The Chinese model (wage repression, massive subsidies, directed economy, the advantages in safety & environmental policies, the lack of a social safety net, etc) is faster than capitalism and republican democracy because the citizens do not have a say.
This is why the world is breaking into two spheres of influence. This is why countries have to choose sides. America….which has had a shared prosperity model for the last 80 years…..of China….which is going to extract everything they can and bring it back home to help their own people. It’s a choice, freedom ain’t free.
Happy 250 America! We can win!
@carwowuk Awful. BMW President USA was on CNBC this morning to introduce the X5, but it wasn't even in the picture. He probably knows its a bag of crap and too embarrassed to show.
@jimiuorio I'd like to add:
4. after flooding the system with trillions, cause an reciprocal increase in homeowner insurance.
5. greedy municipalities increasing local taxes, including property taxes into the teeth of jacked up property values in addition to of all other rising costs.
@Don7Spy Everyone that needs memory is scanning the globe for supply. Keep in mind, China is rapidly consuming memory as well. We don’t know CXMT yield rates but it isn’t on par with non China vendors. Bottomline: they’re not reliable and honestly a fools errand for Apple