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Eylon 💨
@eylon.eth
Worth getting some folks here What do you think are the causes of this? Nuclear? Russia dependency? Size of government? Immigration policies?
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Angler 🖼️
@angler
Energy prices can only explain the most recent decline. Overall Germany is a very saturated country: All landmass is in commercial use and no population growth. The industry is mostly mid-tech which doesn't create crazy salaries like high-tech but people are happy enough to become risk-avoiding. (1/n)
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Angler 🖼️
@angler
Most Germans are happy to just work 9-5 in a large corp and have a stable life. Therefore the entrepreneurial environment is not that great. In general the systems IMO favors large corporations over Start-ups which is bad for growth. (2/n)
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Angler 🖼️
@angler
Taxes are pretty high in the global comparison since Germany spends a lot on social welfare. If you are a top performer this is negative but otherwise most people benefit afaik. (3/n)
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Angler 🖼️
@angler
One interesting point is bureaucracy. Unlike in the US the burden of proof is upfront. Creating a lot of needed certification and paperwork. This is slowing everything down but improves safety (playing into the German risk averseness). (4/n)
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Angler 🖼️
@angler
Lastly Germans great upswing came from technologies that are now more mature like manufacturing and automotive but the capital is still locked in those industries. If those industries further decline I expect some capital (e.g. personnel) to flow into newer tech that is already created in the strong universities. (5/n)
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