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.
To host Peter Zeihan for a speaking opportunity, contact Worldwide Speakers Group. Back to the picket lines we go…this time with the longshoreman. Ports across…
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