On Germany, or the Price of Miscalculated Virtue
September 20, 2026Germany has protected its accounts. Less so the foundations of its prosperity. Volkswagen stopped car production in Dresden in December 2025, while BASF is reducing capacity in Ludwigshafen and investing in China. While large corporations have the world in which to expand, the country itself cannot relocate its railways. In 2026, our German neighbour…
The Debt Germany Refuses to See
June 28, 2026On 23 June 2026, Friedrich Merz told German industrialists that the country was losing between 300 and 500 jobs every day. A few days later, Volkswagen was considering tens of thousands of further job cuts. To read these events as mere cyclical setbacks would be to miss the essential point, because they all stem…