Niall Ferguson: Diary of a Flying Scotsman
This piece is by WWSG exclusive thought leader, Niall Ferguson. If you were wondering why I chose the name “Flying Scotsman” for my diary, here’s the…
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Peter Zeihan: The German Failure & Volkswagen
From Peter Zeihan: On the chopping block today is Germany’s automotive and industrial sectors (with Volkswagen being our guinea pig).
VW is struggling for several reasons…and no, it’s not because hot-boxing it in the Scooby-doo vans has gone out of fashion. VW could blame increasing energy costs, competition from China, or electric vehicle challenges…they could even blame it on my favorite scape goat – demographics. Germany has a shrinking workforce which makes things more expensive, but global car demand is also shrinking, so it’s a double whammy. A combination of all these factors has made doing just about anything in Germany hopeless.
This isn’t just a Volkswagen issue though; these are problems that plague the entire German system and infect everything within it. Without some serious change, the flocks of skilled German workers emigrating will only grow.
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Doom: The Politics of Catastrophe by Niall Ferguson review
(Evening Standard) – From plagues and volcanic eruptions to the current Covid pandemic, mankind has always been faced with catastrophes.
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Chris Miller: CHIPS Act is already having a major impact on investment and chip manufacturing
Chris Miller, Tufts Fletcher Schooler professor and ‘Chip War’ author, joins ‘Squawk Box’ to discuss the grants from the CHIPS Act, state of U.S. chip…
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