John Hinderaker:
As recently as 40 or 50 years ago, the idea that Germany might de-industrialize would have seemed absurd. Germany’s status as an industrial superpower dates to the 19th century, and it seemed impregnable. But that was before the “green” movement brought Germany to its knees. The German government’s war on energy, along with other policy failures, have made it increasingly impossible to manufacture products (automobiles, for example) competitively in that country. The result is a looming economic crisis, with third-world status by no means an impossibility.
# posted by Ranger @ 5:24 PM
