German industry in crisis - financial expert reveals political mistakes and warns against AfD.

German industry in crisis - financial expert reveals political mistakes and warns against AfD.

The facts

According to a report by weltwoche.ch, German industry is in a profound crisis. This crisis was caused by our own mistakes, but also by ideologically motivated policies. Energy became more expensive, there were absurd limits and eco-norms, as well as strong regulation and bureaucratization. These problems have resulted in German industry losing its competitiveness and not being able to survive in its current form.

Impact and analysis

BDI President Siegfried Russwurm's warning about the AfD's election successes shows that German industry sees its proximity to politics and its stubbornness as the main problem. This warning could also indicate that the AfD could potentially pursue economic and industrial policies that would help Germany as a business location. It is important to see Mr. Russwurm's warning in the context of the current state of German industry. The industry's closeness to politics and cowering led it to uncritically support the policies of the governments that led Germany into this crisis.

It is therefore crucial that German industry rethinks its stance on politics and advocates for measures that strengthen the competitiveness and innovative strength of the industry. Otherwise, German industry will continue to be stuck in this crisis and suffer long-term damage.

Conclusion

The current crisis in German industry was largely caused by its own mistakes and ideologically motivated politics. The BDI President's warning about the AfD's election successes shows that German industry sees its proximity to politics and its stubbornness as the main problem. Urgent measures must be taken to strengthen the competitiveness and innovative strength of German industry and to put it back on the path to growth and success.