Asklemmy

43808 readers

974 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
[email protected]: a community for finding communities

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

[email protected]

Why does it feel as though only the US and China (and maybe some other Asian countries) have an economic future? (sh.itjust.works)

submitted 3 months ago by [email protected] to c/[email protected]

29 comments fedilink hide all child comments

I live in Germany, which by some accounts, is the third largest economy, and we have literally no answer for what is next, economically. Neither in the public nor private sectors. Nobody is investing, nobody is building new things, nobody even knows what to do next. But the story is the same throughout Europe as far as I can see. All industries hope to keep selling the same old shit. But the 3rd world is catching up. They can manufacture goods that are just as good, and for much cheaper. Heck, some can even do it cleaner too, since they have access to cleaner energy sources. But we also have no real 21st century income streams.

It looks to me as though, only the US and China are undertaking really innovative projects.

Is my reading of the situation flawed? I would love to have your input.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 3 months ago (3 children)

I found this Economics Explained video on the German economy pretty interesting. They suggest that Germany is losing its edge when it comes to advanced manufacturing but that isn't really as bad as it sounds. America and China are massive economies and neither specializes in advanced manufacturing but in international trade. They suggest that Germany is simply moving into becoming another country that specializes mostly in international trading instead of producing things domestically.

[–] [email protected] 4 points 3 months ago* (last edited 3 months ago) (1 children)

This process is already underway. The crux of the question, is what will happen to the whole very significant part of the Germany economy that is currently employed in service to local manufacturing? They will all need new jobs...

[–] [email protected] 3 points 3 months ago

Yeah the end of the video mentions that. They say that from the perspective of a heartless economist, Germany is going to be fine, but that doesn't mean all Germans are going to be fine.

So uhhh welcome to the club? You now get to hear your politicians brag about how well your economy is doing while the quality of life of your people slowly declines.

load more comments (1 replies)