{"id":13646,"date":"2015-10-24T00:00:00","date_gmt":"2015-10-23T22:00:00","guid":{"rendered":"https:\/\/michelsanti.blog\/2015\/10\/24\/europe-a-german-colony\/"},"modified":"2018-10-17T17:43:27","modified_gmt":"2018-10-17T15:43:27","slug":"europe-a-german-colony","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/germany\/europe-a-german-colony","title":{"rendered":"Europe: A German colony"},"content":{"rendered":"

\"wolfgang-schauble1\"<\/a><\/p>\n

Last summer, during a telephone interview with his American counterpart, German Minister for Economic Affairs, Wolfgang Sch\u00e4uble, thought he was being funny by suggesting that they should swap Puerto Rico (which has nearly gone bankrupt) for Greece! In fact, the overwhelming majority of Germans have been convinced by the narrative which claims that their hard labour has produced a \u201creal\u201d economy whose surpluses might in some way be legitimate. This tall tale about such healthy activity that is entirely oriented towards exports has after all been consistently maintained by German media, with everyone having been delighted by the prospect of Greek islands going up for sale at the height of the crisis last spring.<\/p>\n

However, this German tall tale ignores that the successes of their economy and the size of their commercial surpluses have relied on a certain mechanism \u2013 of the neo-colonial kind \u2013 which consists of driving people into the ground. This Sch\u00e4uble economy is only prospering due to a good and proper exploitation of other European peoples by the Germans. In fact, without the Euro there would be no German surplus because the dogfight for goods produced in the country would obviously \u2013 due to a surge in the Deutschmark \u2013 have been hit by an increase in their prices and an alignment with a rise in German wages, whose combined effect would have cancelled out the surpluses. These notorious commercial surpluses which have made Sch\u00e4uble so proud are merely the consequence of wages being cheaper than machine labour. The robots \u2013 which make production lines more expensive \u2013 are therefore simply being replaced by humankind in a clockwork system which allows for economies to be rich in capital. Moreover, the statistics prove this German move beyond doubt because, in comparison with its GDP, its level of investment is the lowest of all the industrialised nations. <\/p>\n

This anaemic European growth is therefore the direct consequence of the shortfall in German investment and, as it so happens, the Sch\u00e4uble economy is turning out to be a poison for the whole continent. A genuine scourge, these resources, underexploited by Germany, are condemning the Union to being forever trailing in terms of growth, and they are also imposing austerity on the rest of Europe. We must get to grips with this: the German surpluses reflect an inefficient German economy which is also suffering a dearth of investment. In the meantime, it is nearly the entirety of the other European peoples who are paying dearly the price of German obsessions, all the while as Sch\u00e4uble calmly rewrites History. This History was, however, originally penned by the massive influx of workers from East Germany and the infamous Hartz reforms, which have stifled and constricted all European wages to an intolerable extent. <\/p>\n

Once the only ones to be ailing, Germany has now contaminated the other 28 countries that share its currency.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last summer, during a telephone interview with his American counterpart, German Minister for Economic Affairs, Wolfgang Sch\u00e4uble, thought he was being funny by suggesting that they should swap Puerto Rico (which has nearly gone bankrupt) for Greece! In fact, the overwhelming majority of Germans have been convinced by the narrative which claims that their hard…<\/p>\n","protected":false},"author":4,"featured_media":13649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"mc4wp_mailchimp_campaign":[],"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648941253,648941260],"tags":[],"class_list":["post-13646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-germany","category-productivity"],"yoast_head":"\nEurope: A German colony - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/germany\/europe-a-german-colony\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe: A German colony - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"Last summer, during a telephone interview with his American counterpart, German Minister for Economic Affairs, Wolfgang Sch\u00e4uble, thought he was being funny by suggesting that they should swap Puerto Rico (which has nearly gone bankrupt) for Greece! 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As for the German government, its objective is to clear its public debt and run a budget surplus. So why would it now trouble itself with the endemic deceleration of the country\u2019s domestic investment, which\u2026","rel":"","context":"In "Germany"","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19827,"url":"https:\/\/michelsanti.fr\/en\/germany\/germany-is-drowning-in-its-ordoliberalism","url_meta":{"origin":13646,"position":1},"title":"Germany is drowning in its ordoliberalism","author":"Michel Santi","date":"December 31, 2019","format":false,"excerpt":"Do the Germans, who in their overwhelming majority are staunchly opposed to what they call the \u201cHaftungsunion\u201d, also known as transfer union implying that their country pays too much money into Europe, live in a parallel universe? Might the Germans have become populist in that they don\u2019t hesitate to dig\u2026","rel":"","context":"In "Germany"","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13798,"url":"https:\/\/michelsanti.fr\/en\/germany\/german-prosperity-a-nightmare-for-40-of-its-citizens","url_meta":{"origin":13646,"position":2},"title":"German prosperity: a nightmare for 40% of its citizens","author":"Michel Santi","date":"April 12, 2018","format":false,"excerpt":"The German economic miracle has its dark side, demonstrated by a massive budget surplus of 1.2% of GDP \u2013 that being 38.2 billion euros in 2017 \u2013 that\u2019s causing the country\u2019s infrastructure to tumble, which is now the worst infrastructure of all the rich and industrialised nations. Germany\u2019s disproportionate public\u2026","rel":"","context":"In "Germany"","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/wolfgang-schauble11.jpg?fit=736%2C759&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/wolfgang-schauble11.jpg?fit=736%2C759&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/wolfgang-schauble11.jpg?fit=736%2C759&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/wolfgang-schauble11.jpg?fit=736%2C759&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":19061,"url":"https:\/\/michelsanti.fr\/en\/european-union\/a-precarious-euro-in-a-europe-with-no-ambition","url_meta":{"origin":13646,"position":3},"title":"A precarious euro in a Europe with no ambition","author":"Michel Santi","date":"November 8, 2018","format":false,"excerpt":"The dollar has been an integral part of America\u2019s foreign policy for decades. Much more than the currency of reference for global trade, greatly surpassing the privileged status of reserve currency for the central banks, the Greenback is the supreme arbiter. With the simple press of a button, the US\u2026","rel":"","context":"In "dollar"","block_context":{"text":"dollar","link":"https:\/\/michelsanti.fr\/en\/category\/dollar-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/11\/euro.jpg?fit=449%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13802,"url":"https:\/\/michelsanti.fr\/en\/germany\/europe-is-sick-with-germany","url_meta":{"origin":13646,"position":4},"title":"Europe is sick with Germany","author":"Michel Santi","date":"May 28, 2018","format":false,"excerpt":"My intention here is not to fall into caricaturisation or outrage, but Germany is now being governed a bit like Ceausescu's Romania. Just before being overthrown, he managed to run up a surplus in the way of 9 billion dollars on his country\u2019s balance of payments, just like how Olaf\u2026","rel":"","context":"In "Germany"","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/ordolib%C3%A9ralisme-allemand-600x278.jpg?fit=600%2C278&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/ordolib%C3%A9ralisme-allemand-600x278.jpg?fit=600%2C278&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/ordolib%C3%A9ralisme-allemand-600x278.jpg?fit=600%2C278&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13730,"url":"https:\/\/michelsanti.fr\/en\/germany\/a-germany-living-on-borrowed-time","url_meta":{"origin":13646,"position":5},"title":"A Germany living on borrowed time","author":"Michel Santi","date":"February 18, 2017","format":false,"excerpt":"The narrow-minded attitude of the Germans with regards to austerity, currency and money in general is totally counterproductive in Europe\u2019s current situation. There is nevertheless one certainty: they are sincere! In fact, Germany\u2019s behaviour can only be understood in relation to its at the very least tormented history. Wasn\u2019t bread\u2026","rel":"","context":"In "Germany"","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/13646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=13646"}],"version-history":[{"count":0,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/13646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/13649"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=13646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=13646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=13646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}