German Chancellor Merz sees his approval rating crash to record low (25%) amidst the country’s economic crisis. Germany’s GDP has grown by 0% since 2019, compared to a ~5% increase for the UK and France, and a ~15% increase for the US. Merz hails from the conservative wing of the Christian Democrats
Posting Figure 1 from The Economist article here in the comments as well, for convenience.
guardian87 on
To put it into a little bit of perspective. France, Italy the USA and other countries also pumped up their numbers with a lot of government debt.
This isn’t to say, that this was good or bad, just that this is one of the defining differences in policy.
tilapios on
[Rule 2](https://www.reddit.com/r/dataisbeautiful/wiki/rules/rule2): “All non-OC posts need to link to the [original author’s article](https://redd.it/2lokun) that introduced the visualization as a link-type post. Merely stating the source in a comment is not sufficient….**Link to the full page of the source article.** This will give the author the *credit they deserve…”*
smokie12 on
Considering he and his party have barely done anything that isn’t lining their donor’s pockets and fucking over the working population, this is not a surprise.
highlyeducated_idiot on
You know, I’m not sure how Germany survives this one to be honest with you all. This seems to be a recurrent pattern across liberal states- the government commits to spending for welfare, regulating the undesirable aspects of business, so on and so forth… and then when the market takes a down turn, the opposition party more or less just commits to dismantling everything about the welfare state with increasing radical fervor.
AFD is way closer to chancellorship than anyone would like to admit- and because many parties have disavowed working with them altogether, they will probably come into power with a single-party majority. If that happens, AFD is going to go the way of modern MAGA; complete hatred of the opposition, and willing to do anything necessary to stay in power.
sdric on
TLDR: Merz gathered votes from all sides (givernment votes weren’t enough) to overwrite a law forbidding to take on more debt, under the guise of helping the economy. Instead of doing so, he used a massive part of it for conplete different purposes, which includes a massive increase for persions – benefitting the richest generation of the country, while the youth gets contineously poorer and even supposed high earners cannot afford a house and a family anymore without inheritance.
chief167 on
Blaming merz for this is not entirely valid imho.
Electricity prices are surging, huge immigration pressure, bureaucracy killing speed of innovation in an ever competitive global economic context, … He is dealing with the cards dealt by the “wir shaffen das” and anti nuclear wings from 5-10 years ago, that is now at cruising speed of absolutely killing the economy.
Merz isn’t making it better and is not helping, don’t get me wrong, but blaming everything on him is a bridge too far and not constructive in identifying a path forward
G33U on
Habeck was the man to pull that off and more but the people like to vote against their own interest.
tuskofgothos on
Is there any country that is doing well?
go_go_tindero on
Who could have thought the schwarze null would be the growth number ?
jsb309 on
I believe the proper German response to this is: “Tja.”
lousy-site-3456 on
As much as I hate Merz, this post including the comments is pure ignorance. This isn’t beautiful data, it’s cherry picked garbage.
Thomo251 on
Oh look, the global economy going to shit is fuelling right wing populism. Where have I seen this before.
NovaHorizon on
Bro is busy shitting on the poorest of the poor so everyone below the top 1% is distracted by the witchhunt, so no one follows his actual lobby politics he is making for said top 1%. Like gifting the airline industry 350 million in tax cuts, while cutting social security and unemployment benefits below the survival minimum. Making life as painful as possible for the unemployed.
phanta_rei on
I see in that graph that Italy’s GDP is steadily rising, but I can’t help but notice that the salaries there are still bad. We are talking about 1500-2000 euros a month (net) for an engineer. I know those are 2 separate metrics, but aren’t they correlated?
Xanchush on
I love all these religious leaders leading western countries to ruin. China is winning by doing nothing.
Final_Hunt_3576 on
If you want growth, or productivity to increase, you need, you know, investment. To come from somewhere.
At some point both the German public and private sector decided this wasn’t the case and are now paying the price.
token40k on
At some point growth will hit 0 we live in the finite world…
18 Comments
https://preview.redd.it/140qvywflg1g1.jpeg?width=320&format=pjpg&auto=webp&s=f53b1689f0da54de8c85910dcf9c538a74248fc2
Posting Figure 1 from The Economist article here in the comments as well, for convenience.
To put it into a little bit of perspective. France, Italy the USA and other countries also pumped up their numbers with a lot of government debt.
This isn’t to say, that this was good or bad, just that this is one of the defining differences in policy.
[Rule 2](https://www.reddit.com/r/dataisbeautiful/wiki/rules/rule2): “All non-OC posts need to link to the [original author’s article](https://redd.it/2lokun) that introduced the visualization as a link-type post. Merely stating the source in a comment is not sufficient….**Link to the full page of the source article.** This will give the author the *credit they deserve…”*
Considering he and his party have barely done anything that isn’t lining their donor’s pockets and fucking over the working population, this is not a surprise.
You know, I’m not sure how Germany survives this one to be honest with you all. This seems to be a recurrent pattern across liberal states- the government commits to spending for welfare, regulating the undesirable aspects of business, so on and so forth… and then when the market takes a down turn, the opposition party more or less just commits to dismantling everything about the welfare state with increasing radical fervor.
AFD is way closer to chancellorship than anyone would like to admit- and because many parties have disavowed working with them altogether, they will probably come into power with a single-party majority. If that happens, AFD is going to go the way of modern MAGA; complete hatred of the opposition, and willing to do anything necessary to stay in power.
TLDR: Merz gathered votes from all sides (givernment votes weren’t enough) to overwrite a law forbidding to take on more debt, under the guise of helping the economy. Instead of doing so, he used a massive part of it for conplete different purposes, which includes a massive increase for persions – benefitting the richest generation of the country, while the youth gets contineously poorer and even supposed high earners cannot afford a house and a family anymore without inheritance.
Blaming merz for this is not entirely valid imho.
Electricity prices are surging, huge immigration pressure, bureaucracy killing speed of innovation in an ever competitive global economic context, … He is dealing with the cards dealt by the “wir shaffen das” and anti nuclear wings from 5-10 years ago, that is now at cruising speed of absolutely killing the economy.
Merz isn’t making it better and is not helping, don’t get me wrong, but blaming everything on him is a bridge too far and not constructive in identifying a path forward
Habeck was the man to pull that off and more but the people like to vote against their own interest.
Is there any country that is doing well?
Who could have thought the schwarze null would be the growth number ?
I believe the proper German response to this is: “Tja.”
As much as I hate Merz, this post including the comments is pure ignorance. This isn’t beautiful data, it’s cherry picked garbage.
Oh look, the global economy going to shit is fuelling right wing populism. Where have I seen this before.
Bro is busy shitting on the poorest of the poor so everyone below the top 1% is distracted by the witchhunt, so no one follows his actual lobby politics he is making for said top 1%. Like gifting the airline industry 350 million in tax cuts, while cutting social security and unemployment benefits below the survival minimum. Making life as painful as possible for the unemployed.
I see in that graph that Italy’s GDP is steadily rising, but I can’t help but notice that the salaries there are still bad. We are talking about 1500-2000 euros a month (net) for an engineer. I know those are 2 separate metrics, but aren’t they correlated?
I love all these religious leaders leading western countries to ruin. China is winning by doing nothing.
If you want growth, or productivity to increase, you need, you know, investment. To come from somewhere.
At some point both the German public and private sector decided this wasn’t the case and are now paying the price.
At some point growth will hit 0 we live in the finite world…