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Kaput: The End of the German Miracle

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PublisherSwift Press
ISBN 139781800753433
ISBN 101800753438
AuthorWolfgang Münchau
LanguageEnglish
Book DescriptionCompelling' Guardian 'Eloquent and comprehensive' Financial Times 'Excellent' The Telegraph 'Astonishing' The Times 'An eye-opener' Gavin EslerUntil recently, Germany appeared to be a paragon of economic and political success. Angela Merkel was widely seen as the true ‘leader of the free world’, and Germany’s export-driven economic model seemed to deliver prosperity. But recent events – from Germany’s dependence on Russian gas to its car industry’s delays in the race to electric – have undermined this view.In Kaput, Wolfgang Münchau argues that the weaknesses of Germany’s economy have, in fact, been brewing for decades. The neo-mercantilist policies of the German state, driven by close connections between the country’s industrial and political elite, have left Germany technologically behind over-reliant on authoritarian Russia and China – and with little sign of being able to adapt to the digital realities of the 21st century. It is an essential read for anyone interested in the future of Europe’s biggest economy.
About the AuthorWolfgang Münchau is a journalist and commentator who focuses on the European economy and the European Union. He is director of leading news service Eurointelligence and a columnist for the New Statesman.
Publication Date7 November 2024
Number of Pages256 pages

Kaput: The End of the German Miracle

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