Germany After the Crises
What does Germany look like after the current crises of the century? And what do we really need to learn from the turmoil?
PUBLISHED31. JANUARY 2023
READING TIME3 MIN
Measured against the fact that we are living amidst a lingering pandemic of the century, a dramatic energy shock, record inflation and war turmoil, it is impressive how actually stable the German economy appears. Industry is hardly producing less than before. What is even more remarkable is how unwaveringly the country is, once again, prophesying the nearing decline – or calling for a turnaround in economic and financial policy back to a supply policy with ultimate urgency. What then? What does Germany look like after the crises of the century? And what do we really have to learn from the turmoil? What paradigmatic new concepts are already foreseeable?
We will try to find out the answers – at our next big New Paradigm Workshop on May 8 in Berlin on the reset of the economy after the energy crisis, inflation shock and Corona: with the promised presence of the Federal Minister of Economics, of Mariana Mazzucato, of Isabella Weber and of Philip Lane, the chief economist of the ECB. And an attempt to make the conference like it used to be – in person and less on screen.
What does a transformation of the industry accelerated by the energy crisis mean? And what must a resilient energy system look like? What does it mean for the export model, which has long been unconcerned about geopolitics, if German companies and politicians have to be careful in the future about who they sell what to or where they sell how much – so that they don’t wake up again in evil dependence, as they are now, on Russian gas or Chinese parts? And what do we learn from the fact that, in the end, governments also intervened against the shock inflation of 2022 – and not just the central banks with their prime rates as in the textbook: with gas and other price brakes or an Inflation Reduction Act, which above all brings with it a climate policy boost?
Mark the date – May 8 all day – invitation, agenda and registration link will follow in the next few days.
Until then, if you want to learn more about the state of the paradigm shifts of our time, you can read about it in our recently published Mapping Report – here. Or in the short version published this week on makronom.de – here. Title: The Return of the State – Fashion Phenomenon or New Paradigm?
To be noted also: our panel on the question of whether the increasing shortage of skilled workers offers an opportunity for women to finally be better paid – a discussion with Federal Minister for Family Affairs Lisa Paus and selected experts: on March 14 at 6 p.m. (also live and in color). When and where? Shortly here.
Another tip: our New Economy Short Cut with FT columnist Rana Foroohar and Holger Görg, head of the Kiel Institute for the World Economy, on Rana’s book and the question of whether we shouldn’t consciously scale back globalization and organize things more locally again. Re-live here.