The worldwide trend (at least in the west) leads us to a common cause: neoliberalism has failed the majority, so the rich and powerful can extract more. I once heard an observation that Germany produces the best engineers and the worst economists. Undoubtedly an over-simplification but Germany and the EU bought the lie of austerity, as did the UK.
Germans needed no Nord Stream pipelines during WW2, Germans need no Nord Stream pipelines now. Because the Europeans started World War II, the relationship between Europe and the United States became the saved and the savior, the loser and the winner, the occupied and the occupier. So, Germans, either accept it or fight and change it.
All western economists are the worst economists because they are not scientists of the economy, they are acolytes to maintain the facade of a deeply unfair and unsustainable system that is capitalism.
The UK pushed very hard for neoliberalism in the EU. I was shocked when UK citizens, pissed off by the consequences, blamed it on the EU and bailed out. UK also was one of the strongest against EU integration
Mr. Wolfgang went on the dangers of "dependency" on Russia or China, but it's been nearly one and half hours listening to him, I have yet to hear him go on dangers on being literally occupied by the US.
Military occupation is defined as the 'control and possession of hostile territory that enables an invading nation to establish military government against an enemy or martial law against rebels or insurrectionists in its own territory.'
It applies but we have to be loose with terms like hostile and martial law. The US rules Europe with France being the only nation to fight for it’s interests from time to time.
@@mikeboshko2623 I didn't say military occupation - you did. If your narrow world view doesn't allow for occupation of any other kind, that's your problem.
Half hour in and we still haven't heard about the elephant in the room, the distraction of the Nord Stream pipelines by the US that has deprived Germany and most of Europe with very cheap gas that was crucial to the industrial sector.
well going by the guy says at around the hour mark he kind of thinks that nordstream was a ridiculous wrong path for germany to take and kinda doesn't seem to have much criticism for the US blowing that up and the german political system to take that lying down. but yeah that was what killed the german industrial model or at least the last nail in the coffin. also he seems to think that the US can re industrialize just with tariffs. and vague trump plan. i don't think so. the US simply doesn't have the expertise anymore (number of highly skilled people in very specific relevant areas are seriously lacking, even if they import all the engineers from europe and japan) doesn't have critical mass, while is still a huge market is not anymore the central one. being simply too expensive to produce in the US unless a total revolution in their economic system. very few external markets would be able to buy what the US produces, because again it's too expensive to produce there. and the worst part of it, is that the US is presiding over an alliance system in which it drains all the other members, leaving hollow countries that can provide very little to its own strengths, they will just become a drag to the US more than an asset as it happened with the soviet union. and as this process moves along more and more political division will start to foster in those countries and in time will lead to instability. As a sign of what's to come for the US you have that cabinet full of billonaires.
Then it was a fake and pointless model. How can you base your economic growth on the supply of energy from a nation which wants to expand into your back yard?
so the german economy would be world leading again, if only they had russian energy again? thats way too shortsighted, there is so many more factors playing in (mostly interest rates). Consumption hasnt recovered to 2019 levels and that is not only due to energy being expensive.
Germans needed no Nord Stream pipelines during WW2, Germans need no Nord Stream pipelines now. Because the Europeans started World War II, the relationship between Europe and the United States became the saved and the savior, the loser and the winner, the occupied and the occupier. So, Germans, either accept it or fight and change it.
RU and China are not just any two countries. They are our biggest energy and raw material suppliers AND our biggest markets respectively. We chose to f with them. Meanwhile we turned our biggest economic competitor - USA - into our energy supplier. We restarted their inefficient Shale and we're paying for it. - EU economy could barely keep up with the US on Tutorial Mode with cheap energy. For some reason we chose to restart the game and play on HARD. What could go WRONG?
German here, living in Germany...yes, things are getting more and more expensive. It's ridiculous. The prizes raised around 2021 - 2022. I pay feeaking 1600€ for a 2 bedroom apt. Olive oil went from 4.45€ to 9.99€, everything went up. But I am still glad that we have medical aid...just got out of hospital yesterday. Had surgery. If I was living in the US..I would be f**ed
olive oil inflation is real..... was the only commodity i switched up in terms of weekly shopping because i couldnt justify spending half of what a weeks worth of food costs for me on oil lol.
It's striking how little humility Münchau shows. He's been around the heart of influencing and relaying the influence of power for decades and all he can do is point fingers at other people. The holes in his narrative are gaping wide and yet he remains supremely unwilling to reflect on them. No wonder this ilk of technocrats are earning the rightful contempt of large parts of the public.
"the Nord Stream pipeline project was risky from the beginning and no one in Germany wanted to see it" - You mean, from the beginning it placed Germany's infrastructure under the risk of being blown up by the US? Or what else was that risk which Germans refused to see?
The Russian dependency would implicate Germany to Russian geopolitics, the USA was too busy being a king of capitalism people unless forced won't willingly accept the left of being addicted to the Fantasy of Capitalism off the backs of China as the global sweatshop
There it is the dumbest thing you will see all day. If the Americans had did it , somebody in the government would have leaked it to the press by now that they did it.
I don't see how Putin's regime can last beyond Putin. I don't think Russia is a good bet for the future. Putin is keeping a lid on so many problems that could just explode when he steps down. China? Well they already did that. What's in it for China? Well I don't see the CCP going anywhere for some time but China already got the technical info and patents they needed from the Germans. Germany should be orientated within Europe. And Europe shouldn't be so beholden to the US.
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??
I went from no money to Invest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Stephanie Janis Stiefel. I am at $128k right now and LOVING that you have to bring this up here
Historically, German-Russian relations were often blocked by Britain and France. Brits opposed Russia despite not being neighbors, possibly due to balance of power concerns, not just hatred. Look at the Crimean War, WWI alliances, or NATO's eastward push post-Cold War.
Britain has always opposed large European power blocks because British power was traditionally maritime, and the biggest threat to that would be a large European land power that could blockade the Isles and land far larger armies than Britain could field far faster than Britain could bring its fleets back from the Americas, East Indies, and Africa. Before German-Russian alliances, it was Napoleon and French conquest across Europe. We alternated on the Hapsburgs depending on whether we had royals married into the line or not. That's why British support for something like the EU could only come after WW2 because the maritime empire was in decline and there was less need to look away from the home front.
Germany and Russia historically are the two great powers on the North European Plain. Even with no outside interference they are oriented geopolitically to be rivals.
The irony is that the guest makes a good observation about how insiders fail to challenge their own assumptions and yet can't seem to apply this to the various geopolitical assumptions that are foundational to his arguments..
Its frankly arrogant to claim that Germany is/was unrivaled in the world on ICE-cars. It is a technology in decline, but they had very real rivals such as the japanese car industry. To claim VW did not have Toyota and Mazda as a real rival is frankly insane. Or that Lexus was never a real rival to Audi, Mercedes etc. Sales numbers in the rest of world certainly suggest so.
Agree with you, this guy doesn't know what he's talking about. The former largest auto market in the world, the usa, discovered 30 years ago that the Japanese made much better cars than the Germans. German cars are popular in europe and were in Russia, a market they lost to sanctions. They are done, finnished.
True. Outside of Europe German cars are quite scarce compared to Asian (Japanese, Korean and now Chinese) cars. The rest of the world worked out decades ago that German cars were nothing special.
German engineering is a bit of a myth. What they are actually good at is good manufacturing, especially precision, because they are docile and follow the rules with a lot of conscientiousness. They are also quite arrogant and managed to market their stuff as better, with a higher price, which, surprise-surprise, allow for higher quality. In fact I believe many of their designs is largely over-engineered and require too much precise maintenance to function properly which is often not practical and divergent of how most humans work… If you want to buy some stuff from Germany, if it’s some relatively simple part/tool that has to be perfectly machined it’s probably good/worth the effort, if it’s something complicated you are very likely to find a better option at similar prices. This hold true for their cars, at any given price point, their cars are less comfortable, are less technologically advanced, cost more to maintain, etc. But they make good tire, very well machined parts etc. Their cars actually have terrible reliability, anyone with experience knows. The BMW specialist near me, joked to me that he couldn’t make that much money if those things were not so troublesome…
Interesting discussion about German capitalism and its mis steps but I found the russo/sino phobia disturbing. How when and why did Russia and China become the perennial enemies? Jeffery Sach insider view and perspective on the role we in the west have played is more needed than ever to debunk this nonsense that forms the foundations of many today's mainstream/downstream assumptions.
The guy has spent too much time in London. He has effectively become an Anglo-American talking parrot. Whatever dominant narrative he hears in these countries, he reproduces without much independent thought. For example, he is talking about how Germany making good money from the Chinese market is a bad thing for Germany because if something bad happens around the issue of Taiwan then America might demand Germany to get in line and apply sanctions on China. He is unable to see how Taiwan should be a non-issue for Germany. Why should Germany care what happens to Taiwan. Doesn't Taiwan itself claim to be the actual China, naming itself as Republic of China. And does he never stop to think and realize why is that America is in a position to demand such drastic policy shifts from Germany. Is Germany a vassal state of America? Don't you have any autonomy in your external affairs. America blew up German pipelines and these c u c k s didn't have the courage to come out and say it was America that did it. Totally compromised political system.
Germans needed no Nord Stream pipelines during WW2, Germans need no Nord Stream pipelines now. Because the Europeans started World War II, the relationship between Europe and the United States became the saved and the savior, the loser and the winner, the occupied and the occupier. So, Germans, either accept it or fight and change it.
People/bots in the comments saying the days when Europe relied on Russian gas were better are missing the entire point of why Europe failed. The fact we were so reliant on Russian gas shows how poorly ruled Europe was.
The guest has some interesting perspectives but some push back is necessary: 1. The comparison with regulating before having an actual industry is very weak. Back than you had no cars and they came slowly into play together with the industry but with the globalization today social media, crypto currencies, AI are all available and used in mass in europe and shape our lives despite us not having our own SM, AI or crypto industry. So what are you gonna do? 2. Saying that britain did not become as reliant on russian gas as germany is also a weak comparison. Britain had and still has nuclear power and its own Gas Supply in the Ocean. So how can you compare the two in that regard? The polish also import Gas from russia and they were only complaining about nord stream because it would make germany independent of any polish-russian quarrels regarding the gas bill. And there were many more such stories the guest was telling that only seem deep and thoughtful if you don't stop and think about it for a minute.
Germany had an excellent gas supply deal with Russia that helped maintain its competitive edge in the global market. The notion of ‘dangerous dependency’ is nothing more than a propaganda slogan -especially when the solution is to swap dependency on Russian gas for dependency on U.S. gas. Where’s the critical perspective on this?
The last time Americans INVADED Europe it was TO RESCUE Europe from Germans and Russians. We obviously do not have any interest in blackmailing foreigners with energy.
You forgot to mention the US gas is four times more expensive than the Russian, and it required additional facilities to be built in order to revert it from LNG to gas again.
Whenever I see some "economist" suggesting more liberalism, to fix results of liberalism, I'm just pursing my lips in a weird way Edit: My lips opened widely, when I heard him accusing Germany of, having a pipeline with Russia, which US is so gracelessly destroyed His entire vision depicts Europe as a vassal of US
Great interview, just left a glaring blindspot with Russia, why is Russia a particularly dangerous country for Germany. Russia always reliably delivered gas to Germany even during the Cold War. It’s American meddling and warmongering that is a major destabilizing factor these days.
@@TiristorCro Germany had an excellent gas supply deal with Russia that helped maintain its competitive edge in the global market. The notion of ‘dangerous dependency’ is nothing more than a propaganda slogan -especially when the solution is to swap dependency on Russian gas for dependency on U.S. gas.
Apart from the stupidity of 1914 and 1939 Berlin and Moscow have had relatively good relations historically London Paris and now Washington do not like this
But that's because up until Napoleon's time, there were a bunch of other players between Berlin and Moscow. There was no reason nor physical means by which Berlin could get into conflicts with Moscow back then. But by the time of Kaiser Wilhelm II, Prussia and Germany had become the one and the same, and Poland became a non-power and a mere buffer zone, the conflict between Germany and Moscow from that point onwards was inevitable.
Germany and Russia have had a very complex relationship. Suffice it to say that British foreign policy has done everything possible to sow enmity between the two nations.
Why everybody keeps repeating that "Germany's dependency on Russian energy proved to be a catastrophe"? I see in this sentence a total absence of critical thinking. In an interconnected world every nation depends on trading with other nations to a large extent. The pathological dependency is another one: it is the dependency of most nations (all western nations for certain) on the approval from the US in the shaping of their policies. And this was what got us here.
@@jorgelima5695 Weasel words. As you well know, a large majority of every NATO country wants to stay. There is virtually NIL public debate on leaving NATO. But they certainly do like the cheap luxury of trashing their benefactor. You are just virtue-signalling. Talk is cheap. Your own people have chosen "pathological dependency." Maybe you should have a word.
@@afritimm What was ambiguous about my statement? Obviously, I don't feel entitled to speak for the Germans. But, I was very clear about my opinion with respect to my country's membership. You, in turn are being incoherent: in one hand you say that majority of NATO countries wants to stay, but there is no public debate on leaving NATO. How can it be? Oh, I know, democracy is a product to export. Are you implying that I'm trashing "my benefactor"? Which benefactor? What are you even talking about? You are just being rude and ignorant. Btw, you think "Talk is cheap"? Speak for yourself. Your stance is too mainstream for you to even grasp the concept of the danger of having an opinion.
@@jorgelima5695 I didnt say ambiguous. I said "weasel words" by claiming to take a position "IF my government decides". Well, why arent you out supporting candidates that will do that? You obviously dont really care much. "say that majority of NATO countries wants to stay, but there is no public debate on leaving NATO. How can it be?" I didnt say "a majority of NATO countries" I said " a majority of every NATO country", i.e. a majority of the electorate in each country. Quite different. And this would include yours. The "benefactor" is obviously the US. Europeans love to sneer at the US while gladly receiving the largesse.
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with a long-term horizon . But if you don't have that time, it's a tough market out and thus you should consider financial advisory.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
Self determination is the key to sovereignty the USA is a decadent power that'll inevitably collapse. Even Australia can't rely on USA forever mind you China is a great counterweight to the USA.
I live in Germany, believe me, we are not heading for collapse, only so hard times, like most of the world eg. UK, USA, Canada....pls tell me which country is not in trouble?
True. I mean I struggle right now, but so do most people my age in the US, China or the UK. The idea that Germany is so bad is absurd, we were exposed to a massive clumping risk in car manufacturing - and our car makers did anything to not innovate and push new tech for decades. Nobody took a risk while making BILLIONS in shareholder returns. That will end them as leaders - rightfully so. But it will bring down with them our GDP - at least a peg - but Europe is way more than just Germany.
I agree. I don’t even agree that Germany is failing badly in AI or electronic cars. Surely US and China outperform DE in these areas. But what happens if these areas are not THE future of human development. Let’s see whether US and CN would use electronic vehicles in a battle field and in space! The hopes of Germany will come from a U-turn of the energy and EU policies made by Mighty Merkel and full awareness of propaganda wars.
Why does Novara Media refrain from asking more uneasy questions, for instance about the German position on Israel/Palestine, the apparent impossibility to have a really functioning unified Europe/European currency, etc.? Why is the current economic system taken for granted in this interview? Ann Applebaum was spared uneasy questions by Aaron Bastani as well, for instance. What's the ratio behind this?
They interviewed a literal CIA agent before. lol The narratives Novara Media promotes are liberal at the core. Germany is a fascist dictatorship and was never denazified. It also has no independent foreign policy but is directly controlled by the US (which occupies it with countless of military bases all around the country). There is no democracy in the West to begin with, only bourgeois dictatorship. The only solution to that would be socialist revolution but supporting socialism is illegal in Germany (and German media and education is controlled by the US anyway)... so the intro of this video alone is already absurd for an allegedly left-leaning media outlet.
I have started listening to this interview as I thought there is a critique to be made of contemporary Germany. Alas this guy is clearly not the one to make it. At least I have been saved the effort of reading his book.
At some point he says that the CIA predicted this without asking himself why and how they predicted this. The answer is of course that they instigated it, which isn't the narrative he is here to spread. Now ask yourself why?
Yes, If climate migration starts in the billions after a +3° its all over. Finished for most of us. Makes me laugh when billionaires talk about mars though
Making its economy dependent on Russia, a country that’s previously used its customers’ dependency on its gas to blackmail and punish customers, was foolhardy. France at least gets its uranium from 9 other countries.
I don't understand why this man blames everything on "dependency on Russia" ... Every country depends on others for this or that, and it's mutual. It's obvious Germany needs Russian gas, just as Russia needs Germany's technology. This obsession with "Russia Bad" is a disease, and it skews all these people's analyses. This chap recognises that ditching nuclear power was a mistake, but he still keeps harping on Russia as the cause of Germany's industrial decline.
My interpretation of his words are totally diffent - he blamed lack of diversification and reliance on technologies of yesterday and not investing in tech and AI. By the way, closing down nuclear plants also contributed to increase in energy prices.
He's right, it's a geopolitical disaster to rely on one country for all of your energy needs. The EU looked at building massive solar farms in Morocco and exporting the electricity back to Europe, tha didn't happen, i suppose for the same reason
This man is capable of identifying problems, but his solutions are ridiculous. And his strong geopolitical preference for the USA makes his retelling of the Nord Stream story almost farcical
Brilliant conversation, but I don't understand Wolfgang's point about the German nuclear industry. Why wouldn't the Germans either re-open old, or build new reactors to replace the kilowatt hours lost with the Nordstream attack? This would take over a decade? Why? I'm no expert on Germany's regulatory regime, but given an issue so critical to the country's economic prospects, seems like calls to circumvent the existing bureaucratic hurdles would be everywhere.
The shadows of Hiroshima and Nagasaki; excessive thrust of the Green Movement; excessive focus on renewable energy; regulatory capture; phasing out nuclear energy or "Energiewende" (energy transition) policy.
@@FierBarca1899 Perhaps you're right, but fears over nuclear weapons shouldn't affect policies on nuclear energy. France seems to understand that distinction quite well. And while "Green" can mean different things, to the extent it prioritizes reducing carbon emissions, nuclear energy would be a win.
@MrElectricSkittles self driving isn't an EV-specific thing, they just get sold together a lot of the time. It's marketing, early adopters like new tech.
German car industry was first seriously challenged by Asian cars, Japan, then Kia and Hyundai of South Korea. Chinese EVs are not currently flooding into the EU market yet . The fear of them is projective.
aaron talks about democracy like a liberal, as though a democracy for working and marginalised people exists in any liberal country, instead of a democracy for capitalists. does the capitalist and state media not dominate the production and dissemination of ideas in european countries? does business not provide the funds for political campaigns and cushy jobs for retiring politicians? the way arron talks about democracy on this channel you'd think liberal countries were classless societies, not one's made up of powerful exploiters and the exploited
You know the English speaking world has been saying this for years now. There are ups and downs but collapse seems nonsensical to me like it was before.
I think the German economy is in real trouble, I would love to be a VW Ute but I don’t know if they are built to last compared to say Toyota products. The over engineered vehicles and cheating out on stuff that needs to last is not good. Why does every car need a flatscreen inside?
I think this guest is dooming unnecessarily. Germany was destroyed in WWII and had to completely rebuild. The current situation is nowhere near as dire as that. I don’t know the fate of the car companies but I think the demand for skilled manufacturing in general will not cease even if there are going to be difficult years of car manufacturing declining ahead. Money & Macro has a recent video highlighting optimistic factors for Germany.
After WWII China and India were still fifty years away from industrialisation. The world today is a completely different place. Globalisation has changed everything. German engineering is superflouous. The situation for Germany is very dire.
It's actually much more dire because Germany like most countries had a relatively young population back then. It had lost many millions of its young males in the war, but societies can recover their demographics quite quickly as long as they haven't also lost many of their women of child-bearing age (which unfortunately did happen to the Soviet Union, through German massacres of civilians, forced starvation etc.). And as others have pointed out, Germany after WWII had zero competition from China or India, and I will add that both blocs needed to prop up their respective "Germanies" as bulwarks against the other in the Cold War. Hans-Werner Sinn (a right-wing economist I don't care for much overall) made the point that Germany's situation was challenging enough, in particular because of its demographic situation, before the war and energy crisis, and that now it has become completely hopeless. Without cheap energy and probably also without cheap raw materials, Germany and by extension Europe will not only deindustrialize but may even lose its agricultural base (which requires energy for fuel, and it requires fertilizers, pesticides etc.). There were many reasons for European colonialism, but a major driver (as with Japanese colonialism/imperialism) of both "classic" colonialism and today's neo-colonialism (through financial warfare, engineering of coups, bribery of elites in poor but resource-rich countries, instigation of civil wars and until the West recently lost that capability, direct interventions when needed, etc.) was lack of natural resources on their own territories. So no, Germany (and Europe) are not coming back from this. They have burned their bridges with Russia, China and the Global South (through enthustiastic and unlimited support for the genocide in Gaza - remember, a quarter of Israeli weapons come from Germany alone, even though Germany is a relatively small arms exporter on the world stage) and thereby cut themselves off from the resources they can only get from those places. The neo-colonialism that many Europeans dream about but few but the idiot Josep Borrell actually speak out loud ("we need to cut down the jungle", "maybe we need to bring back the conquistadors?" - actual quotes from him, the first spoken at a university in Brussels, which is especially disgusting considering what Belgium did with machetes in "Belgian Congo", the second, hilariously, on a visit to South America) is not going to happen. Europe is too weak for that now and the rest of the world too strong, a situation we haven't seen in more than 500 years. So to look for historical parallels, it would arguably make more sense to look at something like the Black Death in the 1300s, or possibly the 30 year war in the 1600s that killed a quarter of Germany's population, than something that happened 70 years ago.
Why is dependency on Russian oil and gas bad; and dependency on US LNG good? Because you have to pay much more for US gas? This "dependency" is a non issue when the world is engage in world trade and engaging in comparative and competitive advantage. In only became an issue when somebody blows up NS 2 pipeline. And why is "dependency" on China bad, if you don't go out of the way and antagonize China at the behest of your master?
Misleading guest. He quotes dubious foreigners to undermine German interests. Germany should forget about his cited foreigners, such as neocons like Polish Foreign Minister Sikorsky (married to Anne Applebaum), etc. and look after its own interests. E.G. cheap energy, etc. Is he recommending buying US gas for four times the price? Limited diversification, yes, to keep options open but at the same time keeping access to cheap energy.
Listened to the entire conversation, trying to understand why I bothered as it continued, finally reaching the conclusion that it was a waste of time. My estimation of both interlocutors was lowered considerably.
Polish Foreign Minister Sikorsky is married to Anne Applebaum. Such "details" cannot be overstated, but both the host and his guest wouldn't touch it with a ten foot pole...
Great interview. I have to disagree that Germans mastered Diesel engine Tech... The Italians and Fiat mainly were the biggest push for the modern car diesel engines that we drive today. Not even the most reliable Diesel engines, Germany are responsible for. Germany loves to use the reliability and quality from the late 70s, 80s and 90s, but this ended in 2000s onwards....Facts hurt, but they are still facts...I really like these 2 guys take on stuff.
He spent too much time living in the UK. As a German-speaker, seeing "Kaput" is more than just an eye-sore: With one T it even receives a different pronunciation, and to me reads like the Latin word "caput", meaning "head", just misspelled. Bizarre.
My entire nation has suddenly stopped buying German products, cars, and anything because of its support to the Palestinian Genocide. I and my circle of 200 family and friends have completely stopped buying anything German.
I doubt Syria buys much of anything from anywhere. It is a basket case economy which is unstable, lives in a wartime situation, and may be partitioned. As far as the Palestinian Genocide why did Hamas declare war on Israel unless they knew there would be a military reply against combatants hiding among the civilian population? I feel bad for the innocent population of Gaza but this seemed like a predictable response to a terrorist provokation.
@@TShawn64 Are you buying USA products? Or products from the Italy, UK, France, Japan, South Korea, Poland, Spain, Canada, Australia, New Zealand, etc.?
Aaron and Wolfgang seem to agree on the basic Anglophone strategy of keeping Russia an eternal, neverending enemy, and especially not allowing them to have normal relationship with Germany. That's why Northstream was conveniently destroyed, and why Germany is in downfall. Aaron and Wolfgang and their London friends couldn't be happier...😂
In Spain, the young dream of getting civil-service position & the middle-aged dream of a pension. But, it seems, that a similar mentality infects the rest of europe too. I trace this trend (controversialy) back to the rising influence of women over politics. Women love stability & prize it above all else. On the political front, this favors stability, consistency, cautiousness etc ... Exactly what infects Europe.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio🌲..
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Brilliant conversation. I am from Poland, living in London and I am deeply into global geopolitics and regional geopolitics. This podcast was priceless, thank you. 🤝👍
1:22:00 Scholz was in the Radar of the Chinese anyways. China has been for a long time working towards controlling the logistics and ports and as such Hamburg, which Scholz was the mayor of, was strategically important that way. I doubt Chinese anticipated him to be chancellor, that was a lucky surprise for them. Courting the mayor of Hamburg when you wish to take over parts of the port which is the second biggest in Europe, makes perfect sense on its own.
It would be idiotic for Russia to expect anything less than FORMAL recognition of its new borders. The guest's use of East Germany as an example of why "the west" shouldn't formally recognize new borders is the best argument as to why Russia should insist on it, by whatever means necessary.
0:50 Not sure if he knows this, but the russian pipelines were turned off. It seems Germany is not that reliant on russian energy for a while now. Multiple LNG ports were built to import gas from other countries.
@@medialcanthus9681 Hungary is doing INCREDIBLY bad. The European countries that got NO NEED for the Russian gas are doing THE BEST. Excluding the UK. They are doing bad cause of brexit. GDP PPP per capita of France is already way above the UK's and Italy is just SLIGHTLY behind the UK NOW by the GDP PPP per capita. Malta now got higher GDP PPP per capita than Germany and Cyprus is just slightly behind the UK. Poland, Lithuania, all growing great. Cause the Norwegian gas is enough for them. Southeastern Europe doing great with the growth rates too.
the situation in hungary is bad...next in line slovakia... if propaganda would have made jobs and raised wages, the russians would have been richer than USA 🤣🤣🤣🤣
200 years? What are you talking about. The U.S. has been an "empire" since the 1960's and that's using a very loose definition of empire. An honest take on it is that it wasn't until the Soviet Union collapsed that the U.S. truly fell into the definition of an empire with the cold war being the march/buildup to said definition.
Do you understand that,if NATO didn't had plans for Ukraine, Germany would still import Russian gas and everything would be like before pandemic, hundreds of thousands of people would be alive,one great country will be untouched.
What is the evidence that Russia is an "expansionist power? Since the Cold War and dissolution of the USSR Russia has sought to be one of the family of European nations. It tried again and again to ensure that Ukraine remained true to it's constitution - neutral, multi-lingual and trading east and west. US geopolitics wouldn't allow that and Europe went along.
Are we ignoring the repeated annexation of territory over the last 15 years? I'm not even talking about the current war. I'm talking about Crimea and Georgia. If France suddenly started taking chunks out of Belgium, we'd certainly view them as an expansionist power. It is also not the role of one nation to enforce the constitutions of another. Russia's constitution has provisions for the application of international human rights (article 17), banning torture and penal violence (article 21), freedom of speech (article 29), right of association (article 30), an independent judiciary (article 118), and so on which they have flouted and continue to flout constantly. Should its neighbours ensure that Russia remain true to its constitution?
Amazing really, import the third world, WTF did they think would happen, I voted remain but if I had my vote again I’d definitely vote leave, what a basket case the EU is now! And yes I have traveled all over Europe and all the people I’ve met are just as frustrated with the mess!
Yeah this is such a bunch of nonsense. This is very interesting subject but this guy is just repeating all media talking points. Basically what you can hear in USA media about Germany
why invite a boot-licking libertarian spouting the usual anti-Russia/anti-China propaganda? Dependency on US is OK but on Russia and China is a "national security concern"? C'mon Novara.. not a single time you pushed back... u just let him go on about their being too much red tape in the German law ... thoroughly disappointing interview never mind a totally overstated and click-baity video title - do better!
This is the standard, UK, strongly US-friendly view of Europe: Russia will attack Europe, the sanctions against Russia were self-evident, we gotta go on fighting in Ukraine, NATO of course, we gotta be hostile to China. The only thing that's not standard is the call for government investment rather than austerity.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
The worldwide trend (at least in the west) leads us to a common cause: neoliberalism has failed the majority, so the rich and powerful can extract more. I once heard an observation that Germany produces the best engineers and the worst economists. Undoubtedly an over-simplification but Germany and the EU bought the lie of austerity, as did the UK.
Germans needed no Nord Stream pipelines during WW2, Germans need no Nord Stream pipelines now.
Because the Europeans started World War II, the relationship between Europe and the United States became the saved and the savior, the loser and the winner, the occupied and the occupier. So, Germans, either accept it or fight and change it.
All western economists are the worst economists because they are not scientists of the economy, they are acolytes to maintain the facade of a deeply unfair and unsustainable system that is capitalism.
Not the only lie bought wholesale, David, but I'm with ya!
The UK pushed very hard for neoliberalism in the EU. I was shocked when UK citizens, pissed off by the consequences, blamed it on the EU and bailed out. UK also was one of the strongest against EU integration
Did you vote leave when it comes to the referendum then?
Mr. Wolfgang went on the dangers of "dependency" on Russia or China, but it's been nearly one and half hours listening to him, I have yet to hear him go on dangers on being literally occupied by the US.
Military occupation is defined as the 'control and possession of hostile territory that enables an invading nation to establish military government against an enemy or martial law against rebels or insurrectionists in its own territory.'
It applies but we have to be loose with terms like hostile and martial law. The US rules Europe with France being the only nation to fight for it’s interests from time to time.
@@mikeboshko2623 You're attempting to enforce a narrow definition to sneak in your narrative.
@@f1aziz no narrative. You said literally and it's not literally occupied
@@mikeboshko2623 I didn't say military occupation - you did. If your narrow world view doesn't allow for occupation of any other kind, that's your problem.
Half hour in and we still haven't heard about the elephant in the room, the distraction of the Nord Stream pipelines by the US that has deprived Germany and most of Europe with very cheap gas that was crucial to the industrial sector.
well going by the guy says at around the hour mark he kind of thinks that nordstream was a ridiculous wrong path for germany to take and kinda doesn't seem to have much criticism for the US blowing that up and the german political system to take that lying down. but yeah that was what killed the german industrial model or at least the last nail in the coffin. also he seems to think that the US can re industrialize just with tariffs. and vague trump plan. i don't think so. the US simply doesn't have the expertise anymore (number of highly skilled people in very specific relevant areas are seriously lacking, even if they import all the engineers from europe and japan) doesn't have critical mass, while is still a huge market is not anymore the central one. being simply too expensive to produce in the US unless a total revolution in their economic system. very few external markets would be able to buy what the US produces, because again it's too expensive to produce there.
and the worst part of it, is that the US is presiding over an alliance system in which it drains all the other members, leaving hollow countries that can provide very little to its own strengths, they will just become a drag to the US more than an asset as it happened with the soviet union. and as this process moves along more and more political division will start to foster in those countries and in time will lead to instability.
As a sign of what's to come for the US you have that cabinet full of billonaires.
Careful... the thought police will cancel you 😂 You're right though
Telegraph sacked a young journalist, for doing a piece about the US empire
You are not supposed to mention the US empire
@@LeeBurrows-w3uThe USAs different. It’s the world’s police man, not an empire. Only ‘others’ are imperialist. 😂
no cheap energy from russia and all of a sudden 'model' is collapsing
Then it was a fake and pointless model. How can you base your economic growth on the supply of energy from a nation which wants to expand into your back yard?
simple business lesson , don't rely on only one supplier.
so the german economy would be world leading again, if only they had russian energy again? thats way too shortsighted, there is so many more factors playing in (mostly interest rates). Consumption hasnt recovered to 2019 levels and that is not only due to energy being expensive.
Germans needed no Nord Stream pipelines during WW2, Germans need no Nord Stream pipelines now.
Because the Europeans started World War II, the relationship between Europe and the United States became the saved and the savior, the loser and the winner, the occupied and the occupier. So, Germans, either accept it or fight and change it.
RU and China are not just any two countries. They are our biggest energy and raw material suppliers AND our biggest markets respectively. We chose to f with them.
Meanwhile we turned our biggest economic competitor - USA - into our energy supplier. We restarted their inefficient Shale and we're paying for it.
- EU economy could barely keep up with the US on Tutorial Mode with cheap energy. For some reason we chose to restart the game and play on HARD.
What could go WRONG?
Germany is getting the Italy treatment from a industrial perspective.
German here, living in Germany...yes, things are getting more and more expensive. It's ridiculous. The prizes raised around 2021 - 2022. I pay feeaking 1600€ for a 2 bedroom apt. Olive oil went from 4.45€ to 9.99€, everything went up.
But I am still glad that we have medical aid...just got out of hospital yesterday. Had surgery. If I was living in the US..I would be f**ed
olive oil inflation is real..... was the only commodity i switched up in terms of weekly shopping because i couldnt justify spending half of what a weeks worth of food costs for me on oil lol.
My sister pays 2500 euros a month for a one bedroom apartment in the UK. Just for reference...
Have a good recovery, mate. Glad that Germany still has universal healthcare access.
That olive oil price is still a shock to me 😂
@@vasjaforutube1 thank you buddy! I really appreciate this. Have wonderful holidays, you and your family ❤️
It's striking how little humility Münchau shows. He's been around the heart of influencing and relaying the influence of power for decades and all he can do is point fingers at other people. The holes in his narrative are gaping wide and yet he remains supremely unwilling to reflect on them. No wonder this ilk of technocrats are earning the rightful contempt of large parts of the public.
He is working for FT. He is propagandist by association.
@@dubokailegala He hasn't worked at the FT for a long time.
He makes interesting points
He has not been in government.
Hard to believe he's shilling for EVs, which have proved to be expensive & impractical. Quite frankly they are junk, especially Chinese EVs.
"the Nord Stream pipeline project was risky from the beginning and no one in Germany wanted to see it" - You mean, from the beginning it placed Germany's infrastructure under the risk of being blown up by the US? Or what else was that risk which Germans refused to see?
The Russian dependency would implicate Germany to Russian geopolitics, the USA was too busy being a king of capitalism people unless forced won't willingly accept the left of being addicted to the Fantasy of Capitalism off the backs of China as the global sweatshop
You mean the risk of Russian bots?
WTF are you even talking about?
There it is the dumbest thing you will see all day. If the Americans had did it , somebody in the government would have leaked it to the press by now that they did it.
Oof! Bingo!
Here's a crazy idea, how about orienting towards China and Russia. Germany's subservience to the US is insane
Military bases and the collapse of East Germany
Germany makes money on trade with the U.S. Not so much with China.
I don't see how Putin's regime can last beyond Putin. I don't think Russia is a good bet for the future. Putin is keeping a lid on so many problems that could just explode when he steps down. China? Well they already did that. What's in it for China? Well I don't see the CCP going anywhere for some time but China already got the technical info and patents they needed from the Germans. Germany should be orientated within Europe. And Europe shouldn't be so beholden to the US.
Welcome to India.
How !!!😂@@AQuietNight
I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes
What about you??
I went from no money to Invest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Stephanie Janis Stiefel. I am at $128k right now and LOVING that you have to bring this up here
Please stop gentrifying countries
How can i reach Stephanie if you don't mind me asking?
Heard she’s an IA.
Historically, German-Russian relations were often blocked by Britain and France. Brits opposed Russia despite not being neighbors, possibly due to balance of power concerns, not just hatred. Look at the Crimean War, WWI alliances, or NATO's eastward push post-Cold War.
Push? Funny I thought Poland et al invited them in…
Britain has always opposed large European power blocks because British power was traditionally maritime, and the biggest threat to that would be a large European land power that could blockade the Isles and land far larger armies than Britain could field far faster than Britain could bring its fleets back from the Americas, East Indies, and Africa. Before German-Russian alliances, it was Napoleon and French conquest across Europe. We alternated on the Hapsburgs depending on whether we had royals married into the line or not. That's why British support for something like the EU could only come after WW2 because the maritime empire was in decline and there was less need to look away from the home front.
@@greatmightypandahence: perfidious Albion ...
And the US now employs the same strategy all over the world
Exactly
Germany and Russia historically are the two great powers on the North European Plain. Even with no outside interference they are oriented geopolitically to be rivals.
The irony is that the guest makes a good observation about how insiders fail to challenge their own assumptions and yet can't seem to apply this to the various geopolitical assumptions that are foundational to his arguments..
Germany is not an independent country. It is ruled by the bloodthirsty American empire.
The Americans see a united functional Europe (with cheap Russian energy on tap) as a threat to their Hedgemony along with China
Spell “hegemony” correctly lol
You said 'hegemony' when you could have just used the word 'control'. Therefore you must be an expert on politics n' stuff.
Are you from the past?
Americans prefer whatever makes you more conservative and less social. You're doing fabulous!
Problem is that Russia uses that European money to invade and occupy Europe, hence it would be quite stupid to continue giving them the money .
Its frankly arrogant to claim that Germany is/was unrivaled in the world on ICE-cars. It is a technology in decline, but they had very real rivals such as the japanese car industry.
To claim VW did not have Toyota and Mazda as a real rival is frankly insane. Or that Lexus was never a real rival to Audi, Mercedes etc. Sales numbers in the rest of world certainly suggest so.
Agree with you, this guy doesn't know what he's talking about. The former largest auto market in the world, the usa, discovered 30 years ago that the Japanese made much better cars than the Germans. German cars are popular in europe and were in Russia, a market they lost to sanctions. They are done, finnished.
@@mkedan6741just like Kodak failed....didn't keep up with the times... CEOs r loaded tho
True. Outside of Europe German cars are quite scarce compared to Asian (Japanese, Korean and now Chinese) cars. The rest of the world worked out decades ago that German cars were nothing special.
German engineering is a bit of a myth. What they are actually good at is good manufacturing, especially precision, because they are docile and follow the rules with a lot of conscientiousness.
They are also quite arrogant and managed to market their stuff as better, with a higher price, which, surprise-surprise, allow for higher quality.
In fact I believe many of their designs is largely over-engineered and require too much precise maintenance to function properly which is often not practical and divergent of how most humans work…
If you want to buy some stuff from Germany, if it’s some relatively simple part/tool that has to be perfectly machined it’s probably good/worth the effort, if it’s something complicated you are very likely to find a better option at similar prices.
This hold true for their cars, at any given price point, their cars are less comfortable, are less technologically advanced, cost more to maintain, etc.
But they make good tire, very well machined parts etc.
Their cars actually have terrible reliability, anyone with experience knows.
The BMW specialist near me, joked to me that he couldn’t make that much money if those things were not so troublesome…
And he has an elevated view of the Chinese EV industry. Chinese EVs are unmitigated junk, unreliable, cheaply made, and prone to catch on fire.
Interesting discussion about German capitalism and its mis steps but I found the russo/sino phobia disturbing. How when and why did Russia and China become the perennial enemies? Jeffery Sach insider view and perspective on the role we in the west have played is more needed than ever to debunk this nonsense that forms the foundations of many today's mainstream/downstream assumptions.
For Germany and its predecessors Russia was always a rival. 2 large power centres in close proximity is going to cause problems.
Well, China has helped decimate industry in most developed countries.
The guy has spent too much time in London. He has effectively become an Anglo-American talking parrot. Whatever dominant narrative he hears in these countries, he reproduces without much independent thought. For example, he is talking about how Germany making good money from the Chinese market is a bad thing for Germany because if something bad happens around the issue of Taiwan then America might demand Germany to get in line and apply sanctions on China. He is unable to see how Taiwan should be a non-issue for Germany. Why should Germany care what happens to Taiwan. Doesn't Taiwan itself claim to be the actual China, naming itself as Republic of China. And does he never stop to think and realize why is that America is in a position to demand such drastic policy shifts from Germany. Is Germany a vassal state of America? Don't you have any autonomy in your external affairs. America blew up German pipelines and these c u c k s didn't have the courage to come out and say it was America that did it. Totally compromised political system.
Germans needed no Nord Stream pipelines during WW2, Germans need no Nord Stream pipelines now.
Because the Europeans started World War II, the relationship between Europe and the United States became the saved and the savior, the loser and the winner, the occupied and the occupier. So, Germans, either accept it or fight and change it.
It is not only Russia and China. It also is Poland, France, Denmark, Trump and to a lesser extent Turkey and Ukraine.
Just arriving at months old news Novara.
Nordstream pipeline bombing means high gas prices and deindustrialisation.
How is this news?
Its not a news segment it’s a segment discussing a book.
Does this gentleman realise that Russia has had to turn to China and what that means
It sounds like he’s talking Washington and London talking points
He is. It's insufferable.
He's a full on neoliberal capitalist. Not known for their wisdom in the real world.
Russia and China are now joined at the hip, US policy did this.
He works for the FT, anither hopeless case.
Greetings to Russia 'Sean'
People/bots in the comments saying the days when Europe relied on Russian gas were better are missing the entire point of why Europe failed. The fact we were so reliant on Russian gas shows how poorly ruled Europe was.
And only the Baltics understood this
@@haruhisuzumiya6650
Poland transitioned to LNG before 2022. And they are a fraction as wealthy as Germany. But they place a value on independence.
Well, where is Germany's energy supposed to come from?
None of these baltic countries are industrial powerhouses… including Poland . So it’s insane to even mention them in the same sentence.
@@MarlinWilliams-ts5ul
Where does Britain's come from? France's?
Italy's? Spain's?
Any economy based on a never ending growth of consumption will fail.
And will be reliant upon a growing population until it does. We're in the end game.
You think the german shrinking model is the way? I guess yay they found the solution?
Government borrowing is the most unsustainable thing in those conditions.
that is not the point here
Tell that to Asia or the USA. European groupthink !
The guest has some interesting perspectives but some push back is necessary:
1. The comparison with regulating before having an actual industry is very weak. Back than you had no cars and they came slowly into play together with the industry but with the globalization today social media, crypto currencies, AI are all available and used in mass in europe and shape our lives despite us not having our own SM, AI or crypto industry. So what are you gonna do?
2. Saying that britain did not become as reliant on russian gas as germany is also a weak comparison. Britain had and still has nuclear power and its own Gas Supply in the Ocean. So how can you compare the two in that regard? The polish also import Gas from russia and they were only complaining about nord stream because it would make germany independent of any polish-russian quarrels regarding the gas bill.
And there were many more such stories the guest was telling that only seem deep and thoughtful if you don't stop and think about it for a minute.
The whole reason Europe lags the US in digital tech is their regulations, but please continue to hold yourselves back.
In the US we do it and then ask for forgiveness. In the EU they ask for permission and never get it.
Germany had an excellent gas supply deal with Russia that helped maintain its competitive edge in the global market. The notion of ‘dangerous dependency’ is nothing more than a propaganda slogan -especially when the solution is to swap dependency on Russian gas for dependency on U.S. gas. Where’s the critical perspective on this?
Your comment is unreflective propaganda.
It is dumb and suicidal to depend on Russia for anything.
@@erichamilton3373 dependence on USA is better
The last time Americans INVADED Europe it was TO RESCUE Europe from Germans and Russians. We obviously do not have any interest in blackmailing foreigners with energy.
You forgot to mention the US gas is four times more expensive than the Russian, and it required additional facilities to be built in order to revert it from LNG to gas again.
Whenever I see some "economist" suggesting more liberalism, to fix results of liberalism, I'm just pursing my lips in a weird way
Edit: My lips opened widely, when I heard him accusing Germany of, having a pipeline with Russia, which US is so gracelessly destroyed
His entire vision depicts Europe as a vassal of US
But the EU and UK are vassals of the US.
Great interview, just left a glaring blindspot with Russia, why is Russia a particularly dangerous country for Germany. Russia always reliably delivered gas to Germany even during the Cold War. It’s American meddling and warmongering that is a major destabilizing factor these days.
Yep and Russia bought a ton of German cars, look at videos from Moscow or St. Peterburg.
Tis
A combined Russia and Germany is dangerous for US hegemony, this is why the policy has always been to keep them apart,
Attention...Olgino bots on the road!!
So, in your mind America started the war in Europe?! Is that what you are saying?
US have done all this
If the U.S. is doing it I can't understand why they buy so much from Germany.
Wasn't germany criticised for relying on russian gas? And what is the story with german nuclear reactors?
@@TiristorCrodont tell me that after past 4 years, you a still refusing to wake up?
@@v2ike6udik wake me up then
@@TiristorCro Germany had an excellent gas supply deal with Russia that helped maintain its competitive edge in the global market. The notion of ‘dangerous dependency’ is nothing more than a propaganda slogan -especially when the solution is to swap dependency on Russian gas for dependency on U.S. gas.
This guy is exactly what wrong with Germany 🇩🇪
A system thinker
@@tokbucks he is right. Listen again
Apart from the stupidity of 1914 and 1939
Berlin and Moscow have had relatively good relations historically
London Paris and now Washington do not like this
But that's because up until Napoleon's time, there were a bunch of other players between Berlin and Moscow. There was no reason nor physical means by which Berlin could get into conflicts with Moscow back then. But by the time of Kaiser Wilhelm II, Prussia and Germany had become the one and the same, and Poland became a non-power and a mere buffer zone, the conflict between Germany and Moscow from that point onwards was inevitable.
Germany and Russia have had a very complex relationship. Suffice it to say that British foreign policy has done everything possible to sow enmity between the two nations.
The Russians held half of Berlin hostage and the US had to use planes to get supplies to them, but go on about their good relations.
@@hschan5976Wrong. Bismarck's entire foreign policy was devoted to keeping the Russians onside -- Kaiser Wilhelm II blew it ...
@@joemerino3243read the original comment again. He's specifically talking about other times
Why everybody keeps repeating that "Germany's dependency on Russian energy proved to be a catastrophe"? I see in this sentence a total absence of critical thinking. In an interconnected world every nation depends on trading with other nations to a large extent. The pathological dependency is another one: it is the dependency of most nations (all western nations for certain) on the approval from the US in the shaping of their policies. And this was what got us here.
Do you support Germany pulling out of NATO?
@@afritimm That's up to the Germans. I'm not German. If the leaders of my country would decide to pull out of NATO, they would have my support.
@@jorgelima5695
Weasel words. As you well know, a large majority of every NATO country wants to stay. There is virtually NIL public debate on leaving NATO. But they certainly do like the cheap luxury of trashing their benefactor.
You are just virtue-signalling. Talk is cheap.
Your own people have chosen "pathological dependency." Maybe you should have a word.
@@afritimm What was ambiguous about my statement? Obviously, I don't feel entitled to speak for the Germans. But, I was very clear about my opinion with respect to my country's membership. You, in turn are being incoherent: in one hand you say that majority of NATO countries wants to stay, but there is no public debate on leaving NATO. How can it be? Oh, I know, democracy is a product to export.
Are you implying that I'm trashing "my benefactor"? Which benefactor? What are you even talking about? You are just being rude and ignorant.
Btw, you think "Talk is cheap"? Speak for yourself. Your stance is too mainstream for you to even grasp the concept of the danger of having an opinion.
@@jorgelima5695
I didnt say ambiguous. I said "weasel words"
by claiming to take a position "IF my government decides". Well, why arent you out supporting candidates that will do that?
You obviously dont really care much.
"say that majority of NATO countries wants to stay, but there is no public debate on leaving NATO. How can it be?"
I didnt say "a majority of NATO countries" I said " a majority of every NATO country", i.e. a majority of the electorate in each country. Quite different. And this would include yours.
The "benefactor" is obviously the US. Europeans love to sneer at the US while gladly receiving the largesse.
There's way too much doom and gloom in Europe. It becomes a self-fulfilling narrative at some point.
Yeah. I'm tired of all this doom and gloom. Europe is doing better than most other parts of the world. So far...😅
Lying about the US and UK for years is bound to come and bite you with karma.
@@Ali1961-b9s Fax machines are used only in Europe instead of whining go software not hardwear
That's what happens when you still use a fax machine.
No, in fact there is not enough doom and gloom in the EU (not Europe, it's not the same). The Euro has been an unmitigated disaster.
More like Germany to dependant on America vassalage
Europe needs to retrench inc Britain
Not sure if you have paid attention to the last 120 years of Western history, but we've found strength in alliances. Not in retrenchment.
@@davids4227 We have found strength in alliances, not in vassalage
@@davids4227what alliances ?
@@davids4227 you call the current situation an "alliance"?
Germany a 'techie' environment!? Are you kidding me? How could I have missed this in over 50 years living in the country?
He's using the term not in our current meaning
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with a long-term horizon . But if you don't have that time, it's a tough market out and thus you should consider financial advisory.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
Wolfgang: "Every action that Germany did to try and not dependent on the US was a mistake."
Self determination is the key to sovereignty the USA is a decadent power that'll inevitably collapse. Even Australia can't rely on USA forever mind you China is a great counterweight to the USA.
I live in Germany, believe me, we are not heading for collapse, only so hard times, like most of the world eg. UK, USA, Canada....pls tell me which country is not in trouble?
Clickbait!
True. I mean I struggle right now, but so do most people my age in the US, China or the UK. The idea that Germany is so bad is absurd, we were exposed to a massive clumping risk in car manufacturing - and our car makers did anything to not innovate and push new tech for decades. Nobody took a risk while making BILLIONS in shareholder returns. That will end them as leaders - rightfully so. But it will bring down with them our GDP - at least a peg - but Europe is way more than just Germany.
I agree ..but it's capitalism is in crises hence every working class in capitalist democracy is in trouble
I agree. I don’t even agree that Germany is failing badly in AI or electronic cars. Surely US and China outperform DE in these areas. But what happens if these areas are not THE future of human development. Let’s see whether US and CN would use electronic vehicles in a battle field and in space! The hopes of Germany will come from a U-turn of the energy and EU policies made by Mighty Merkel and full awareness of propaganda wars.
All those countries are heading for collapse too. No one wants to admit that we can't live like our parents did, expecting to consume every year.
Why does Novara Media refrain from asking more uneasy questions, for instance about the German position on Israel/Palestine, the apparent impossibility to have a really functioning unified Europe/European currency, etc.? Why is the current economic system taken for granted in this interview? Ann Applebaum was spared uneasy questions by Aaron Bastani as well, for instance. What's the ratio behind this?
They interviewed a literal CIA agent before. lol
The narratives Novara Media promotes are liberal at the core. Germany is a fascist dictatorship and was never denazified. It also has no independent foreign policy but is directly controlled by the US (which occupies it with countless of military bases all around the country). There is no democracy in the West to begin with, only bourgeois dictatorship. The only solution to that would be socialist revolution but supporting socialism is illegal in Germany (and German media and education is controlled by the US anyway)... so the intro of this video alone is already absurd for an allegedly left-leaning media outlet.
Controlled opposition
Novara is conservative media disguised as leftist.
What has the Israel/Palestine situation to do with economics and economic policy?
It's obvious from this interview that Aaron is a propagandist for the Anglo empire...😂
I have started listening to this interview as I thought there is a critique to be made of contemporary Germany. Alas this guy is clearly not the one to make it. At least I have been saved the effort of reading his book.
100% - Promised more than it delivered.
Absolutely clueless on geopolitics when they started talking about Russia and energy and Ukraine.
Why don't I trust this man. Can someone please explain? Is it just a feeling?
He’s been drinking
At some point he says that the CIA predicted this without asking himself why and how they predicted this. The answer is of course that they instigated it, which isn't the narrative he is here to spread. Now ask yourself why?
The enter world is fucked... There is no island you can move to to avoid it.
Yes,
If climate migration starts in the billions after a +3° its all over. Finished for most of us.
Makes me laugh when billionaires talk about mars though
Argentina nice this time of year
This is a Worldwide Structure Desaster !
@@turtlescream7100 years is a best guess..when things go down hill..
..if the gulf stream ..
slows...that's pretty serious as well
I like the world, plenty of nice islands here too if you need to get away from it
I lost him once he spoke about the dangers of being dependent on cheap Russia energy. Im no economist, but im sure cheap energy drives the economy.
Making its economy dependent on Russia, a country that’s previously used its customers’ dependency on its gas to blackmail and punish customers, was foolhardy. France at least gets its uranium from 9 other countries.
The key word is "dependent".
I don't understand why this man blames everything on "dependency on Russia" ...
Every country depends on others for this or that, and it's mutual.
It's obvious Germany needs Russian gas, just as Russia needs Germany's technology.
This obsession with "Russia Bad" is a disease, and it skews all these people's analyses. This chap recognises that ditching nuclear power was a mistake, but he still keeps harping on Russia as the cause of Germany's industrial decline.
Ask Russian neighbour or ex soviet satelite states what was their russian experiance
My interpretation of his words are totally diffent - he blamed lack of diversification and reliance on technologies of yesterday and not investing in tech and AI. By the way, closing down nuclear plants also contributed to increase in energy prices.
He's right, it's a geopolitical disaster to rely on one country for all of your energy needs. The EU looked at building massive solar farms in Morocco and exporting the electricity back to Europe, tha didn't happen, i suppose for the same reason
Thanks
This man is capable of identifying problems, but his solutions are ridiculous. And his strong geopolitical preference for the USA makes his retelling of the Nord Stream story almost farcical
Brilliant conversation, but I don't understand Wolfgang's point about the German nuclear industry.
Why wouldn't the Germans either re-open old, or build new reactors to replace the kilowatt hours lost with the Nordstream attack? This would take over a decade? Why? I'm no expert on Germany's regulatory regime, but given an issue so critical to the country's economic prospects, seems like calls to circumvent the existing bureaucratic hurdles would be everywhere.
The shadows of Hiroshima and Nagasaki; excessive thrust of the Green Movement; excessive focus on renewable energy; regulatory capture; phasing out nuclear energy or "Energiewende" (energy transition) policy.
@@FierBarca1899
Perhaps you're right, but fears over nuclear weapons shouldn't affect policies on nuclear energy. France seems to understand that distinction quite well. And while "Green" can mean different things, to the extent it prioritizes reducing carbon emissions, nuclear energy would be a win.
Seymour Hersh on CGTN The Point-Hub-Heat, what really happened to Nordstream pipeline?
Wolfgang has enlightened me over their positions in Europe and China so I'm going to find his articles out there. Thanks
Without cheap energy from russian europe wouldn't have a competitive industry.
Very informative and insightful...thank you Wolfgang and Aaron.
The UK and Europe have had 5 years to prepare for this.
What have we done?
Seems like nothing at all, hoping that Trump wouldn't get re-elected.
EVs are about battery manufacturing, not software. Tesla just throw fancy software in there to differentiate themselves.
Evs will be about self driving and AI. They're more than a battery
@MrElectricSkittles self driving isn't an EV-specific thing, they just get sold together a lot of the time. It's marketing, early adopters like new tech.
@@MrElectricSkittlesHow's that AI doing?
Would to see Aaron interview someone like Col Macgregor ret John Meirsheimer Jeffery Sachs Daniel Davis etc
Not interested in These people
Not likely. This channel prefers UK/USA propagandists...
das war sehr unterhaltsam. Danke.
I assume that Germany will go through a similarly difficult time as Greece after 2008, where the social system will have to be massively downsized.
No they will do it this way. Greeks had to surfer for racial reasons!
@@ΚωνσταντίνοςΑποστόλου-η7σ Didn't you also have fascism? Then this argument doesn't really hold water.
Russia, Russia, Russia!
Wtf ... Never ..will.. never has been
.. a wannabee superpower.. 😢
German car industry was first seriously challenged by Asian cars, Japan, then Kia and Hyundai of South Korea. Chinese EVs are not currently flooding into the EU market yet . The fear of them is projective.
Excellent, well done. This was really fascinating, intelligent & informative. More please.
aaron talks about democracy like a liberal, as though a democracy for working and marginalised people exists in any liberal country, instead of a democracy for capitalists. does the capitalist and state media not dominate the production and dissemination of ideas in european countries? does business not provide the funds for political campaigns and cushy jobs for retiring politicians? the way arron talks about democracy on this channel you'd think liberal countries were classless societies, not one's made up of powerful exploiters and the exploited
Maybe because Aaron is an actual liberal posing as a leftist.
Loving this conversation, thank you.
You know the English speaking world has been saying this for years now. There are ups and downs but collapse seems nonsensical to me like it was before.
it is pure clickbait and as far away from a factual conversation as you can be. Framing it in this doom scenario is pure insanity
Super on point when he says "THEY INVESTED IN OPTIMIZATION INSTEAD OF RESILIENCE " - that is because optimization = near term increase in profits
Does Germany have a choice ? It is occupied territory.
BS
Come into reality.
not just militarily
It's occupied by its own stupid politicians.
Okay, we Chinese bots now as well. Charming.
I think the German economy is in real trouble, I would love to be a VW Ute but I don’t know if they are built to last compared to say Toyota products. The over engineered vehicles and cheating out on stuff that needs to last is not good. Why does every car need a flatscreen inside?
I think this guest is dooming unnecessarily. Germany was destroyed in WWII and had to completely rebuild. The current situation is nowhere near as dire as that. I don’t know the fate of the car companies but I think the demand for skilled manufacturing in general will not cease even if there are going to be difficult years of car manufacturing declining ahead. Money & Macro has a recent video highlighting optimistic factors for Germany.
After WWII China and India were still fifty years away from industrialisation. The world today is a completely different place. Globalisation has changed everything. German engineering is superflouous. The situation for Germany is very dire.
What a strange point to make. The pain was humongous and this is also hugely painful and importantly, unnessarily painful.
@@davidpalk5010 yet the Euro and Dollar are still the kings of currency.
Currency domination is the only thing left in the west and they are not backed by anything solid. They are backed by their own debts.
It's actually much more dire because Germany like most countries had a relatively young population back then. It had lost many millions of its young males in the war, but societies can recover their demographics quite quickly as long as they haven't also lost many of their women of child-bearing age (which unfortunately did happen to the Soviet Union, through German massacres of civilians, forced starvation etc.). And as others have pointed out, Germany after WWII had zero competition from China or India, and I will add that both blocs needed to prop up their respective "Germanies" as bulwarks against the other in the Cold War.
Hans-Werner Sinn (a right-wing economist I don't care for much overall) made the point that Germany's situation was challenging enough, in particular because of its demographic situation, before the war and energy crisis, and that now it has become completely hopeless. Without cheap energy and probably also without cheap raw materials, Germany and by extension Europe will not only deindustrialize but may even lose its agricultural base (which requires energy for fuel, and it requires fertilizers, pesticides etc.). There were many reasons for European colonialism, but a major driver (as with Japanese colonialism/imperialism) of both "classic" colonialism and today's neo-colonialism (through financial warfare, engineering of coups, bribery of elites in poor but resource-rich countries, instigation of civil wars and until the West recently lost that capability, direct interventions when needed, etc.) was lack of natural resources on their own territories.
So no, Germany (and Europe) are not coming back from this. They have burned their bridges with Russia, China and the Global South (through enthustiastic and unlimited support for the genocide in Gaza - remember, a quarter of Israeli weapons come from Germany alone, even though Germany is a relatively small arms exporter on the world stage) and thereby cut themselves off from the resources they can only get from those places. The neo-colonialism that many Europeans dream about but few but the idiot Josep Borrell actually speak out loud ("we need to cut down the jungle", "maybe we need to bring back the conquistadors?" - actual quotes from him, the first spoken at a university in Brussels, which is especially disgusting considering what Belgium did with machetes in "Belgian Congo", the second, hilariously, on a visit to South America) is not going to happen.
Europe is too weak for that now and the rest of the world too strong, a situation we haven't seen in more than 500 years. So to look for historical parallels, it would arguably make more sense to look at something like the Black Death in the 1300s, or possibly the 30 year war in the 1600s that killed a quarter of Germany's population, than something that happened 70 years ago.
It isnt just on economic issues where Germany was just talking to themselves. The same goes for other issues
Why is dependency on Russian oil and gas bad; and dependency on US LNG good? Because you have to pay much more for US gas? This "dependency" is a non issue when the world is engage in world trade and engaging in comparative and competitive advantage. In only became an issue when somebody blows up NS 2 pipeline. And why is "dependency" on China bad, if you don't go out of the way and antagonize China at the behest of your master?
Dependency on anyone is bad and should be viewed as such, working with others is fine but should never be dependent.
Because. Just don't ask these questions.
One of the most interesting shows of the year, imo.
Congrats!
(I think I’m gonna get his book. )
Thank you very much for this,
Kudos, from Portugal.
Misleading guest. He quotes dubious foreigners to undermine German interests. Germany should forget about his cited foreigners, such as neocons like Polish Foreign Minister Sikorsky (married to Anne Applebaum), etc. and look after its own interests. E.G. cheap energy, etc. Is he recommending buying US gas for four times the price? Limited diversification, yes, to keep options open but at the same time keeping access to cheap energy.
Fully agree with you on this. But you Europeans won’t learn. And Poland is just a cheap small USA colony.
Listened to the entire conversation, trying to understand why I bothered as it continued, finally reaching the conclusion that it was a waste of time. My estimation of both interlocutors was lowered considerably.
Polish Foreign Minister Sikorsky is married to Anne Applebaum.
Such "details" cannot be overstated, but both the host and his guest wouldn't touch it with a ten foot pole...
Great interview. I have to disagree that Germans mastered Diesel engine Tech... The Italians and Fiat mainly were the biggest push for the modern car diesel engines that we drive today. Not even the most reliable Diesel engines, Germany are responsible for. Germany loves to use the reliability and quality from the late 70s, 80s and 90s, but this ended in 2000s onwards....Facts hurt, but they are still facts...I really like these 2 guys take on stuff.
KAPUTT mit two T's !!1!
"Kaputt" as a title is taken by Curzio Malapate. An Italian journalist's first hand account of the Eastern Frontier during WWII, a great read.
He spent too much time living in the UK. As a German-speaker, seeing "Kaput" is more than just an eye-sore: With one T it even receives a different pronunciation, and to me reads like the Latin word "caput", meaning "head", just misspelled. Bizarre.
Very informative interview.
Great guest!
My entire nation has suddenly stopped buying German products, cars, and anything because of its support to the Palestinian Genocide. I and my circle of 200 family and friends have completely stopped buying anything German.
What nation is that? I reckon you’re talking rubbish.
Syria
Your food will have been grown using fertilser made by a German owned company.
I doubt Syria buys much of anything from anywhere. It is a basket case economy which is unstable, lives in a wartime situation, and may be partitioned. As far as the Palestinian Genocide why did Hamas declare war on Israel unless they knew there would be a military reply against combatants hiding among the civilian population? I feel bad for the innocent population of Gaza but this seemed like a predictable response to a terrorist provokation.
@@TShawn64 Are you buying USA products? Or products from the Italy, UK, France, Japan, South Korea, Poland, Spain, Canada, Australia, New Zealand, etc.?
Amsterdam, calling 📞
I started with a
Let's watch this for 10 minutes
But to my own astonishment l watched the lot
😊
My first time watching the show. I was born in Essen not long after the war. Hey viewers...don't forget to hit the LIKE button.
Aaron and Wolfgang seem to agree on the basic Anglophone strategy of keeping Russia an eternal, neverending enemy, and especially not allowing them to have normal relationship with Germany. That's why Northstream was conveniently destroyed, and why Germany is in downfall. Aaron and Wolfgang and their London friends couldn't be happier...😂
Does Tom Cruise star in this latest Mission Impossible film?
In Spain, the young dream of getting civil-service position & the middle-aged dream of a pension. But, it seems, that a similar mentality infects the rest of europe too. I trace this trend (controversialy) back to the rising influence of women over politics. Women love stability & prize it above all else. On the political front, this favors stability, consistency, cautiousness etc ... Exactly what infects Europe.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio🌲..
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Cox demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Seriously impressive mental arithmetic by this ex-FT journalist.
We should believe this guy over anyone else, he's clearly onto something.
Underwhelming softball interview. Didn't even hit back at this guys (obvious) extreme libertarian leanings (even the FDP was not enough for this guy).
Brilliant conversation. I am from Poland, living in London and I am deeply into global geopolitics and regional geopolitics. This podcast was priceless, thank you. 🤝👍
1:22:00 Scholz was in the Radar of the Chinese anyways. China has been for a long time working towards controlling the logistics and ports and as such Hamburg, which Scholz was the mayor of, was strategically important that way. I doubt Chinese anticipated him to be chancellor, that was a lucky surprise for them. Courting the mayor of Hamburg when you wish to take over parts of the port which is the second biggest in Europe, makes perfect sense on its own.
Schäuble directed a piercing look at Sapin. 'Elections cannot be allowed to change economic policy,' he began.
It would be idiotic for Russia to expect anything less than FORMAL recognition of its new borders. The guest's use of East Germany as an example of why "the west" shouldn't formally recognize new borders is the best argument as to why Russia should insist on it, by whatever means necessary.
0:50 Not sure if he knows this, but the russian pipelines were turned off. It seems Germany is not that reliant on russian energy for a while now. Multiple LNG ports were built to import gas from other countries.
Excellent analysis, I live in Germany and I support and confirm 100% of his views.
Governments pick winners with all of their policies by definition, just because they are picking the status quo most of the time its harder to notice
If Germany, like Hungary, had stuck with Russia and China , its economy would not have today's headaches.
@@medialcanthus9681 Hungary is doing INCREDIBLY bad. The European countries that got NO NEED for the Russian gas are doing THE BEST. Excluding the UK. They are doing bad cause of brexit. GDP PPP per capita of France is already way above the UK's and Italy is just SLIGHTLY behind the UK NOW by the GDP PPP per capita. Malta now got higher GDP PPP per capita than Germany and Cyprus is just slightly behind the UK. Poland, Lithuania, all growing great. Cause the Norwegian gas is enough for them. Southeastern Europe doing great with the growth rates too.
Good luck to Hungary and its dictator.
the situation in hungary is bad...next in line slovakia... if propaganda would have made jobs and raised wages, the russians would have been richer than USA 🤣🤣🤣🤣
@@stfnba how cute of you
@@stfnbaElected Dictator ? Silly person
Thanks for posting
How about the US Empire for the last 200 years, dear Bastani?
It seems that he is much more keen on parroting the US-serving narratives instead of criticising it.
200 years? What are you talking about. The U.S. has been an "empire" since the 1960's and that's using a very loose definition of empire. An honest take on it is that it wasn't until the Soviet Union collapsed that the U.S. truly fell into the definition of an empire with the cold war being the march/buildup to said definition.
There's no such thing. Get real.
Aaron Bastani is an excellent interviewer.
This was a great discussion. Thank you1
Do you understand that,if NATO didn't had plans for Ukraine, Germany would still import Russian gas and everything would be like before pandemic, hundreds of thousands of people would be alive,one great country will be untouched.
Thanks, Ivan, for pointing out how NATO... somehow... forced Russians to invade, shoot people, and blow up apartment buildings. Those poor Russians!
The amount of bots in the comments is just insane
What is the evidence that Russia is an "expansionist power? Since the Cold War and dissolution of the USSR Russia has sought to be one of the family of European nations. It tried again and again to ensure that Ukraine remained true to it's constitution - neutral, multi-lingual and trading east and west. US geopolitics wouldn't allow that and Europe went along.
Are we ignoring the repeated annexation of territory over the last 15 years? I'm not even talking about the current war. I'm talking about Crimea and Georgia. If France suddenly started taking chunks out of Belgium, we'd certainly view them as an expansionist power. It is also not the role of one nation to enforce the constitutions of another. Russia's constitution has provisions for the application of international human rights (article 17), banning torture and penal violence (article 21), freedom of speech (article 29), right of association (article 30), an independent judiciary (article 118), and so on which they have flouted and continue to flout constantly. Should its neighbours ensure that Russia remain true to its constitution?
Nobody wants these cars, but they are forced upon us!!!!
I am not sure about the voiceover for that water bottle ad lol
"Supporting refugees in Scotland,"…. gonna be a NO from me, dawg!
These Novara interviews are always so so interesting - please keep doing them
Amazing really, import the third world, WTF did they think would happen, I voted remain but if I had my vote again I’d definitely vote leave, what a basket case the EU is now!
And yes I have traveled all over Europe and all the people I’ve met are just as frustrated with the mess!
Kudos on the ad!!! Lololol You for sure grabbed my attention.
Yeah this is such a bunch of nonsense. This is very interesting subject but this guy is just repeating all media talking points. Basically what you can hear in USA media about Germany
why invite a boot-licking libertarian spouting the usual anti-Russia/anti-China propaganda? Dependency on US is OK but on Russia and China is a "national security concern"? C'mon Novara.. not a single time you pushed back... u just let him go on about their being too much red tape in the German law ... thoroughly disappointing interview never mind a totally overstated and click-baity video title - do better!
This is the standard, UK, strongly US-friendly view of Europe: Russia will attack Europe, the sanctions against Russia were self-evident, we gotta go on fighting in Ukraine, NATO of course, we gotta be hostile to China. The only thing that's not standard is the call for government investment rather than austerity.