De-industrialization Threatening to Bring Down German System

Aug. 7, 2023, 2022 (EIRNS)—In an article for today’s issue of Frankfurter Allgemeine Zeitung, (in German) former German Economics Minister Sigmar Gabriel charges the elites of the country with a total lack of vision for solutions to the “big challenges of mankind,” like developing Africa in the tradition of J.F Kennedy. Failing to offer such a vision himself, however, Gabriel warns that “should a protracted recession, the loss of central value-creation chains in the industry come to Germany, as the consequence of too rapidly pursued electrification under the banner of ‘green transformation,’ accompanied by an increase of unemployment, a perfect storm is threatening, which could demand more from the German democracy which is very stable in comparison with the rest of Europe, than has been the case in the past 80 years.”

“The past 80 years” takes us back to the 1944 Morgenthau Plan—the agenda of the Anglo-Americans for Germany’s de-industrialization after World War II, now being implemented under the guise of “saving the planet.”