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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]

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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.

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[–] [email protected] 7 points 3 months ago

This is all just empty coping. Europe's economy is fucked and there's no light at the end of the tunnel. Cherry picking a single example of an industry doing well won't change that.

And especially Germany is really strong in a lot of areas that dont make the news regularly.

Counterpoint, no it isn't.

Also look at the transition to renewable energy in the last decade alone. We have a lot of ideas for the future,

Looking but not seeing, Missed all of our targets. On track to miss the next ones. Meanwhile China reached its 2030 targets last month.

When the US goes under things will get far worse. Our economies are very deindustrialised and our finance economies won't be worth anything much. The EC under VdL will continue its march to fascism and since we can't fight any wars, the imperialism will turn inward.