This podcast episode provides an in-depth analysis of Germany's historical and cultural aversion to fiscal spending, the volatility of energy markets, and the regulatory challenges facing European competitiveness, emphasizing the need for systemic thinking in industrial policy. The conversation connects these themes, highlighting the intricate balance between competition and cohesion within economic policy and underscoring the significant role of the Chinese market for European industries, particularly in the context of globalization. Furthermore, it examines the legacy of shock therapy in Germany and its implications for current economic policies, warning of the risks associated with populist movements driven by socioeconomic disparities.
