Araknis
2024-12-05 09:09:48
- #1
Then you just take money out of Switzerland instead of bringing it in :) Top!
Yes. Because Switzerland follows the same model as Germany: predominantly selling high-quality products abroad, which in turn takes on the role of the debtor in the national economic accounts. The foreign countries slow down -> capacity utilization declines -> the economy weakens. What else?
Abroad is mainly slowing down with us because they can now produce the high-quality... or at least sufficient for their own population... products themselves and no longer need the "high-quality" stuff from Germany...
What other high-quality products do we still sell abroad in significant amounts?
Abroad is mainly easing off on us,
Germany's enormous surplus has been a thorn in the side of the rest of the world, as can be read internationally for two decades(!). Because there must be corresponding deficits somewhere as a mirror image. The USA has mainly provided those, with national debt. Or what do you think where the purchasing power comes from that buys German products?
I know. The international discussion among experts is also completely different from that among the German provincial economists. However, what the German provincial economy has caused in people's minds through decades of constant bombardment is shown here by some comments. Less money in the citizens' pockets (wage restraint, cutting citizen’s money, etc.) means even less domestic demand and even more dependence on foreign demand – although this dependence is exactly the problem. But if you simply call this dependence by another name, namely competitiveness, suddenly it sounds so sexy that everyone wants to participate. The world has been pointing out exactly this problem to Germany since who knows when, and in Germany there is a discussion completely detached from this. It's crazy.The debate is almost six decades old. Back then, the question was whether the world could tolerate a second variant of the export world champion alongside Germany with Japan.