• Fallenwout@lemmy.world
    link
    fedilink
    arrow-up
    24
    arrow-down
    5
    ·
    edit-2
    1 year ago

    Germany was bailed out in the 50’s after ww2. The world canceled half their debt and gave them reduced interest rates making it possible for germany to develop a strong economy because they had a lot of coal resources.

    My take on this, they got bailed out too generously giving them an advantage over all the other countries who also suffered from the war.

    They forgot were they came from and forgot they were once bailed out. Proof of that is when Greece needed a bail out during the recession years ago, it was germany who lead the terms for it asking too much too quickly from Greece. The rest of eu citizens were like “wtf germany, who do you think you are?”. (I explicitly say “citizens” because the eu parlement were just bootlicking mighty germany)

    They then tried to boost their image again with their “wir schaffen das” during the migration crisis. The rest of eu citizens again like “wtf germany, who do you think you are?”.

    The credibility of germany took a major hit because their interests do not lie with the people but with their image. If you spit in the faces of the people who made you big, you are not to be trusted and bad things will happen.

    • knfrmity@lemmygrad.ml
      link
      fedilink
      arrow-up
      22
      arrow-down
      3
      ·
      1 year ago

      I might come back and expand on this but the reason is more that Germany is a vassal of the US, and the time has come to make that painfully clear.

      Postwar West Germany developed on a combination of US cash infusion and migrant workers from poorer countries, primarily Italy and then Turkiye. The BRD needed to be upheld as a beacon of capitalism in contrast to the socialist DDR just to the east. With the annexation of the DDR there was a cheap and easy way for capital to expand yet again, staving off the worst of neoliberalism in the west for a time. Cheap Russian energy has fueled industry since then as well. Now it’s time for the managers of the hegemony to split Europe and Asia, for a united Eurasia would be too powerful. Thus Russia and Germany must be severed economically.

      It’s not that the postwar bailouts were too generous, but that propping up Germany was economically valuable to the US, at least until the last fifteen years or so. It was then that they realized the new capitalist Russia would not be a vassal to the US, and put into motion their plan to destabilize it. Germany is a victim in this, albeit due to its comprador government a willing one.

      For more analysis and thoughts on this topic Michael Hudson is really invaluable, both his books and regular articles and interviews on current events.

      • Muad'Dibber@lemmygrad.ml
        link
        fedilink
        arrow-up
        17
        arrow-down
        1
        ·
        1 year ago

        A decent way of looking at it, was that after ww2, the US intentionally instituted an international division of labor: they’d pump tons of money to create thriving consumer products industries and welfare states in germany and japan, while the US would focus more on the war industry, acting as capitalism’s international cop.

        Especially w/ regards to west germany, it’s healthier economy signified to eastern europe the benefits of what capitalism can bring (not US imperialism, which was the real source of value), which had a big ideological impact.

        • knfrmity@lemmygrad.ml
          link
          fedilink
          arrow-up
          11
          ·
          1 year ago

          To expand on that, once it was clear that Japan would overtake the US economically, the Japanese economy was gutted.

          Now an economically united Germany and Russia would be too powerful, so that relationship must be gutted. Germany pays a heavier price for this than Russia does, as raw materials can generally be sold to other buyers, whereas finished goods cannot be produced without inputs.