WRITTEN BY MICHAEL BASTASCH ON SEP 2, 2022. POSTED IN LATEST NEWS
Elites Deny Reality As Europe’s Industrial Might Collapses
Germany, widely known as Europe’s industrial powerhouse, is now leading the continent in an alarming new trend — rapid deindustrialization.
Astronomical natural gas prices are forcing heavy industries, from smelters to fertilizer plants, to shut down or curtail production.
Germany’s fabled “Mittelstand” — the collection of mid-sized firms that form the backbone of its economic might — is buckling under the weight of terrible decisions made by climate-obsessed politicians going back decades. [bold, links added]
“It’s not good news,” German Economic Minister
https://climatechangedispatch.com/elites-deny-reality-as-europes-industrial-might-collapses/
