If you compare the EU to Switzerland, citizens in the EU have surrendered their freedom to the State. In Switzerland, citizens have retained their individual freedom by solving challenges locally with minimal interference from the State.
Maybe don’t tax the crap out of workers and they would feel more motivated to work longer. This could easily be subsidized by taxing wealth even just a little bit. It’s crazy that skilled labor workers pay nearly half their paycheck in tax and healthcare while generational wealth goes untaxed.
@@SpecRaceM5 The Skilled Labour workers being taxed work for generational wealth (industry) If you Tax wealth you disincentivises wealthy from taking risk and being adventurous and this brings about jobs. It’s a tight rope. Just cut Taxes n cut bureaucracy that young Germans can do side businesses n explore their own ideas. Too much responsibility for providing Labour is left on the big companies and right now they r loosing coz competition from young players in these industries internationally. Answer for Germany is. Its Youth. Germans need to be disrupting their own industries…Right now it’s comming from outside. Get the Youth motivated to also take risk.
Let me tell you what I understand. They say; 1) we don’t care about actual innovation and continue to be against change and adaptation 2) we don’t prefer hiring new people but are trying to come up with new specific ways to exploit workers. in doing this, we need the help of the government. 3) financial intellectual is the way-to-go for us to sustain our less-productive business models 4) we need people to invest in us via financial system so that we can transfer our strategic risks to a larger base
Why on Earth would we listen to some CEOs “explaining” us stuff about economy? Since when the CEO of a bank should have any say in the economy? The growth of financials services (that bring no innovation and no future real economic value) is part of the reasons of our current problems and we are now listening to this kind of people?! Come on…
Asking CEOs & bank funded Economists what is best for the economy, is exactly like asking Drug Cartel leaders what is best for drug policy. Or asking Serial Rapists what crime policies they want for the Country. Literally no different. More important than someone being an expert, is checking that they don't have opposite economic interests to yourself (assuming feeding their addiction to money is their highest priority, which it usually is going to be). There priority is for moeny to always go to the top, and prevent it going to the bottom (their profits).
This is over thought - almost every single country has weak manufacturing sector - look at China, exports dominate their trade and so their economy is weak and the same for Germany - the USA manufacturing sector has been contracting since mid 2022. The same in the UK, France, it's a post COVID change that lead to inflation then hike in rates which makes buying imported goods more expensive leading to decline. At some point this will turn around, however Germany is far too dependent on this export-manufacturing game and needs to diversify the German economy to be less dependent on this. More focus on Tech, on internal services economy which means spending more Government funds, more local consumption which is hard with an aging population so that is a challenge.
Good panel and good analysis, there is a sense of urgency in Germany, there is a clear understanding of what are the problems and the solutions but nothing happens as Thomas Schulz says.
Please don't ask Orlapp back - unless she puts something on paper or speaks in German. She's ummmm, a terrible speaker. And the moderator needs to do do his homework on the US banking system including the loan disaster of the '00s they financed and other bs they were part & parcel of - not just the numbers. So tired of Europeans thinking the US is the end all, be all - it's clearly not and if you were paying attention to the shitshow currently featured on the big screen in the States, you'd know that. Sincerely, an Independent 🤍🇻🇮 (and dual citizen 🇩🇪)
The Germany's problem is the german minset, lazy and arrogant. They work 35 hours but actually the annual average is less, most of them dont work just because a supously a bit of cold!
If you compare the EU to Switzerland, citizens in the EU have surrendered their freedom to the State. In Switzerland, citizens have retained their individual freedom by solving challenges locally with minimal interference from the State.
In Danish banks' annual accounts, ESG makes up about 40% of the annual report. This says something about where Europe is heading.
Maybe don’t tax the crap out of workers and they would feel more motivated to work longer. This could easily be subsidized by taxing wealth even just a little bit. It’s crazy that skilled labor workers pay nearly half their paycheck in tax and healthcare while generational wealth goes untaxed.
@@SpecRaceM5 The Skilled Labour workers being taxed work for generational wealth (industry) If you Tax wealth you disincentivises wealthy from taking risk and being adventurous and this brings about jobs. It’s a tight rope. Just cut Taxes n cut bureaucracy that young Germans can do side businesses n explore their own ideas. Too much responsibility for providing Labour is left on the big companies and right now they r loosing coz competition from young players in these industries internationally. Answer for Germany is. Its Youth. Germans need to be disrupting their own industries…Right now it’s comming from outside. Get the Youth motivated to also take risk.
It is not about working longer/more but it is about being more productive.
Excellent piece - kudos to Bloomberg's Tom Mackenzie and Francine Lacqua for the in-depth coverage.
They DESIGNED the economic 'crisis' 😂😂😂
Let me tell you what I understand.
They say;
1) we don’t care about actual innovation and continue to be against change and adaptation
2) we don’t prefer hiring new people but are trying to come up with new specific ways to exploit workers. in doing this, we need the help of the government.
3) financial intellectual is the way-to-go for us to sustain our less-productive business models
4) we need people to invest in us via financial system so that we can transfer our strategic risks to a larger base
The simple advice is that the EU should copy Switzerland.
Why on Earth would we listen to some CEOs “explaining” us stuff about economy? Since when the CEO of a bank should have any say in the economy? The growth of financials services (that bring no innovation and no future real economic value) is part of the reasons of our current problems and we are now listening to this kind of people?! Come on…
I agree.
Asking CEOs & bank funded Economists what is best for the economy, is exactly like asking Drug Cartel leaders what is best for drug policy.
Or asking Serial Rapists what crime policies they want for the Country.
Literally no different. More important than someone being an expert, is checking that they don't have opposite economic interests to yourself (assuming feeding their addiction to money is their highest priority, which it usually is going to be).
There priority is for moeny to always go to the top, and prevent it going to the bottom (their profits).
@@pebblepod30 Nobody can change you guys 🙂
@@pebblepod30 How come there are people who see businessmen in this way! That's part of the problem …
Take a drink every time she says " um " enjoy!
This is over thought - almost every single country has weak manufacturing sector - look at China, exports dominate their trade and so their economy is weak and the same for Germany - the USA manufacturing sector has been contracting since mid 2022. The same in the UK, France, it's a post COVID change that lead to inflation then hike in rates which makes buying imported goods more expensive leading to decline. At some point this will turn around, however Germany is far too dependent on this export-manufacturing game and needs to diversify the German economy to be less dependent on this. More focus on Tech, on internal services economy which means spending more Government funds, more local consumption which is hard with an aging population so that is a challenge.
The Wexxo whitepaper is top-notch. This project has depth and vision.
But we work longer till retirement in comparison to other eu countries! It’s 67 not 62 or 64!
This will be interesting.
Fascinating even.
Perhaps even *_fasc_* -inating...
Let's see.
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Totally agree with Thomas Schulz. He should replace Olaf Schulz 😂
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Oh! Now it’s a problem.
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Good panel and good analysis, there is a sense of urgency in Germany, there is a clear understanding of what are the problems and the solutions but nothing happens as Thomas Schulz says.
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did America effectively got the conversation of global warming out?
Tax free overtime and you will have not problem with workers doing overtime
They are vassal state citizens. 😅
Please don't ask Orlapp back - unless she puts something on paper or speaks in German. She's ummmm, a terrible speaker. And the moderator needs to do do his homework on the US banking system including the loan disaster of the '00s they financed and other bs they were part & parcel of - not just the numbers. So tired of Europeans thinking the US is the end all, be all - it's clearly not and if you were paying attention to the shitshow currently featured on the big screen in the States, you'd know that.
Sincerely, an Independent 🤍🇻🇮 (and dual citizen 🇩🇪)
The Germany's problem is the german minset, lazy and arrogant. They work 35 hours but actually the annual average is less, most of them dont work just because a supously a bit of cold!
CDU und AfD. Fiendship for ever.
The Wexxo team is doing amazing work in AI gaming.
Does Germany need it's own DOGE: the answer is absolutely YES.
Need a Czar of innovation and efficiency.
Nah. Our problem is simple. They are simply giving all the money to illegals in benefits, health, etc
Why is a Russian title important?
No, we'll pass on the apartheid nazi moron, thanks.
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