1y ago

Germany must pull away from China before it’s too late, warns Berlin’s top economic adviser

www.telegraph.co.uk Germany must pull away from China before it’s too late, warns Berlin’s top economic adviser

Europe’s industrial powerhouse faces threats from heightened geopolitical tensions

Germany must not be “naïve” about the “very real” risk of China invading Taiwan, one of Berlin’s top economic advisers has warned. Monika Schnitzer, who leads the Council of Economic Experts, said the country must reduce economic ties with the world’s second biggest economy to avoid “a real moment of conflict” if Xi Jinping sends troops onto the island.

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Fifth once-in-a-lifetime economic crisis here I gooooooooooooo

Seriously most German investment into China is in the car industry and BASF. The first is basicly destroying all hope of Germany managing the green transition in the energy sector by lobbying, so activly make Germany worse. BASF is even worse. The last big operation they did was financing the NordStream pipelines, develop gas fields in Russia, while signing massive gas deals with Gazprom. When all of these blew up with the war in Ukraine, the managment was extremly helpfull to Putin by spreading Kremlin propaganda in Germany and the entire EU.
In other words, the pain to the German economy from something like this, would massivly help Germany in the long term.

Too many tankies here

This is one of the reasons why Germany is giving subsidies to chip makers.
- Which is a policy only really supported by the Greens. The liberals did not want to spend the money and the social democrats have proven to be pro China by having Scholz force throu the sale of parts of Hamburgs port to China. We all know the policy of the conservatives has been pro China for over a decade.

Lol, top economic advisor.
- Lol, top economic advisor.
  You might not agree with her but she is - without any doubt - one of the top economic advisors.
  Monika Schnitzer (born September 9, 1961 in Mannheim) is a German economist and chair of comparative economic research at the Ludwig Maximilian University of Munich. She was the president of the Verein für Socialpolitik from 2015 to 2016 and is the chairwoman of the German Council of Economic Experts since 2022.
  Schnitzer graduated with a diploma in economics from the University of Cologne in 1986. She went on to further study at the University of Bonn and received her doctorate (Ph.D.) in 1991. She was granted a habilitation at the same university in 1995.
  The Ludwig Maximilian University of Munich appointed Schnitzer to her current position in 1996.
  In addition to her academic work, Schmitzer advised the German Federal Ministry of Economic Affairs and Energy and the European Commission from 2011 to 2020. From 2011 to 2019, she served as deputy chair of the Commission of Experts for Research and Innovation (EFI). She is a fellow of the European Economic Association.
  https://en.wikipedia.org/wiki/Monika_Schnitzer
  In German:
  https://de.wikipedia.org/wiki/Monika_Schnitzer
  
  I know who she is. The whole school of hers is just bullshit. Nothing personal, she is just wrong.

In other news, CIA asset says things her handlers want her to say.

And let me guess, must become ever closer allies with the United States.
Funny how all this EU democratic “plurality,” “democracy,” “tolerance,” all leads to one inexorable conclusion — America should rule the World.
- You realize that there is significant drive in the EU to become less dependent on the US? They are trying to bring chip building over here and there are even efforts to build an EU army so that the US doesn't have leverage here
  
  I don’t realise because such a drive exists only in your dreams.
- America is guilty of everything they accuse China of. It's projection.
  
  Yeah, who doesn't remember the uighur camps in Utah or the Tiananmen massacre in Washington d.c.?
  
  I hate america as much as every sensible person does but america has concentration camps, locking people up solely because of their religion, rapes the women, steals their organs, arrests people who report it, brutally beats down protesters and have elected their dictator for life? I mean I al sure america rapes inmates in their torture camps, I doubt they steal their organs and do all the other stuff

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