Brandenburg’s Minister of Economy is no more an economist than the Federal Minister of Economy or any other member of the government. Therefore they are allowed to conduct economic policy without applying the principles a prudent businessman would use. Instead, in Germany, economic policy means obeying the orders of international corporations and pursuing their welfare at the expense of our German taxpayers. This policy is also behind the establishment in Grünheide of an automobile plant owned by the US-American Tesla Group.
An economist would have expressed many reservations:
In the case of the fines imposed by the American automobile industry on German competitors (VW 30 billion dollars, Daimler-Benz 10 billion dollars), the Federal Government has failed to act as a protective power, it has favoured foreign capital over German companies. With Tesla, this approach is now entering into its second round.
every car has to carry a battery mine for it,
the performance limits of the battery also represent driving limits for the car,
more powerful batteries are not yet on the market,
and anyway there is not enough battery production for a major electrification, and there would also be no charging stations for this battery production. So it is questionable whether this technological adventure will work at all.
Considering in addition that there are neither technologically reliable batteries, nor battery production, nor charging stations for large-scale electric mobility, and that Merkel’s energy revolution has given Germany the most expensive electricity in the world, any public investment in this speculation should have been prohibited at once. But politicians are immune, cannot be attacked personally for their mistakes, and can therefore buy the gratitude and support of international capital at the expense of Mittelstand taxpayers. •
(Translation Current Concerns)
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