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Germany’s export ideology

It is well known that Germany is running high export surpluses - more than 200 billion US-Dollar or 7.5% of its GDP in 2017, of which more than 40 billion vis-a-vis the United States. The surpluses are acting as a break on growth throughout Europe and have led to threats by the Trump administration to … Continue reading Germany’s export ideology

The New Wilhelminism

Summary: Germany under its last emperor Wilhelm II strived to become a world power and ultimately failed. Today’s Germany, while dispensing with the empire's militarism, is more successful: it is dominating Europe, due to its economic weight. Germany's dominance is increased through its unnecessarily high external surpluses. These benefit only Germany's industrial elite, which is … Continue reading The New Wilhelminism