Kaput: The end of the German miracle
E-book, Czech
Kaput: The end of the German miracle
The Weaknesses of the German Economic Miracle
Until recently, Germany was considered a model of economic and political success. Angela Merkel was widely seen as the true 'leader of the free world', and Germany's export-oriented economic model ensured the country's prosperity. Recent events, however, have shattered this image—from Germany's dependence on Russian gas to the automotive industry's delay in the race to achieve electromobility.
In his book Kaput, Wolfgang Münchau argues that the weaknesses of the German economy have actually been developing for decades. The neomercantilist policies of the German state, driven by close ties between the industrial and political elite, have left the country technologically behind, overly dependent on authoritarian Russia and China, and unable to adapt to the digital reality of the 21st century.
This book is essential reading for anyone interested in the future of Europe's largest economy.
What they wrote about the book:
An eloquent and comprehensive analysis of the German model.
- Financial Times
Wolfgang Münchau
For over thirty years, Wolfgang Münchau has been one of the most distinctive and insightful commentators on European Union affairs. He served as the associate editor of the prestigious Financial Times, where he wrote a regular column on the European Union and the European economy. Before taking up this position in September 2003, he spent two years as co-editor of Financial Times Deutschland, having previously been the Frankfurt correspondent and then the economics correspondent for the Financial Times.
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