@fl00fydragon

3 weeks ago

This man is wrong on multiple levels. What he suggests would not revitalize german industry, it would burn it to maximize his immediate profit margins. 1) German industry is defined by it's extremely high qualtiy mechanical engineering. Overworking your labor force and keeping in increasingly older and tired workers will damage that. By damaging that you're then playing on China's home turf: productive capacity, something that no country of europe, or even if the EU federalized into a single country, cannot directly challenge due to raw population size. Thus we must not compete on quantity, we MUST double down on quality and expand it by having the technology nobody else can sell, I'll explain this more on 2. 2) This means that Germany and europe NEED to specialize on cutting edge technology, we NEED to be 1-3 decades ahead of everyone else in key industries if we want to have a strong manufacturing base in the EU. We have a blueprint on how to accomplish this: how the US overtook the USSR. We need massive publicly funded research and development megaprojects in key industries. Those being: green energy, nuclear power, biotechnology, mechanical engineering, advanced manufacturing, aerospace and technologies of human augmentation/life extension. The last category is possibly the most important as it not only has the highest potential to change human civilization and solve problems we once thought unfixable (the economjics of ending most diseases, disabilities and aging would be phenomenal) but it also would create a new industry worth trillions of euros and would be a massive geopolitical asset. If you think it's not tell me, what happens if china comes alond and starts selling tech that could make people live for a few more decades or possibly a century or two with potential for more to be invented in that time? Answer: they take over. We cannot rely on the private sector to innovate on that scale because this kind of R&D is incompatible with market systems, it's too high cost too high risk and economic payoff is too slow for investors who want immediate stock growth. This is why public R&D is necessary in suchg fields. Thus we need the pedal to the metal, more focused and ambitious R&D that's organized on a pan-european scale and guided towards specific, revolutionary goals. 3) This is not a finance problem, in fact loosening finance regulations does not bring back manufacturing jobs, as we have seen in the US. It only increases the ways to manipulate stock markets. 4) Protectionism is a must for now, we need to have strong tariffs for products from outside the EU until the aforementioned industry is online and running. 5) We need a strong consumer base, the post cold war policies of austerity have ruined the purchasing power of our people, this is turn stagnates us as the top claims an ever increasing amount of the money supply into stagnant capital. We NEED higher velocity of money. I believe we need a scaling tax that makes acumulation wealth past the point where wealth cannot improve people's quality of life extremely slow or impossible, similar to the new deal redustriubutive tax system. This is turn would then incentivize the stock owners and the corproations to reinvest their money into wages, new technology, research, refinement, etc. instead of the current status quo of running a bare bones system with little to no improvement over time where minute QOL additions are marketed as "innovation" even if it required little to no R&D to do so. In addition such a tax system would allow to fund the aforementioned research initiatives european countgries NEED to invest in ASAP.

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