“Most people are completely unaware of Germany’s decline.”
Germany is under economic pressure, but the pain isn’t yet severe enough to trigger real action. Many sense that something is wrong. But in everyday life, things still seem to be working. It is precisely this deceptive stability that prevents necessary reforms. While other nations are growing dynamically, Germany remains stuck in the status quo. The danger: By the time the need for action becomes apparent, it may already be too late.
“We still cling to illusions about our prosperity.”
Dr. Daniel Stelter is an economist and bestselling author who has been analyzing Germany’s structural weaknesses for years. His diagnosis: The key drivers of prosperity—demographics, productivity, education, energy, and innovation—are all coming under pressure at the same time. A lack of reforms, rising costs, and misguided political incentives are exacerbating the situation. Stelter clearly demonstrates why Germany is losing competitiveness and which structural failures are catching up with us today. In conversation with Georgiy Michailov, they also discuss the role of the state in the economy, the risks of an emotionally driven energy policy, and the challenges posed by global competitors such as China.
*Video only in German
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