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Germany must pull away from China before it’s too late, warns Berlin’s top economic adviser (www.telegraph.co.uk)

submitted 1 year ago by 0x815@feddit.de to c/europe@feddit.de

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Germany must not be “naïve” about the “very real” risk of China invading Taiwan, one of Berlin’s top economic advisers has warned. Monika Schnitzer, who leads the Council of Economic Experts, said the country must reduce economic ties with the world’s second biggest economy to avoid “a real moment of conflict” if Xi Jinping sends troops onto the island.

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[-] Sheltac@lemmy.ml 42 points 1 year ago

Fifth once-in-a-lifetime economic crisis here I gooooooooooooo

[-] MrMakabar@slrpnk.net 21 points 1 year ago

Seriously most German investment into China is in the car industry and BASF. The first is basicly destroying all hope of Germany managing the green transition in the energy sector by lobbying, so activly make Germany worse. BASF is even worse. The last big operation they did was financing the NordStream pipelines, develop gas fields in Russia, while signing massive gas deals with Gazprom. When all of these blew up with the war in Ukraine, the managment was extremly helpfull to Putin by spreading Kremlin propaganda in Germany and the entire EU.

In other words, the pain to the German economy from something like this, would massivly help Germany in the long term.

[-] TheBat@lemmy.world 17 points 1 year ago

Too many tankies here

[-] Sniatch@lemmy.world 7 points 1 year ago

This is one of the reasons why Germany is giving subsidies to chip makers.

[-] MrMakabar@slrpnk.net 6 points 1 year ago

Which is a policy only really supported by the Greens. The liberals did not want to spend the money and the social democrats have proven to be pro China by having Scholz force throu the sale of parts of Hamburgs port to China. We all know the policy of the conservatives has been pro China for over a decade.

[+] arf_arf@reddthat.com -44 points 1 year ago

And let me guess, must become ever closer allies with the United States.

Funny how all this EU democratic “plurality,” “democracy,” “tolerance,” all leads to one inexorable conclusion — America should rule the World.

[-] SubArcticTundra@lemmy.ml 39 points 1 year ago

You realize that there is significant drive in the EU to become less dependent on the US? They are trying to bring chip building over here and there are even efforts to build an EU army so that the US doesn't have leverage here

[+] silvercove@lemdro.id -23 points 1 year ago* (last edited 1 year ago)

America is guilty of everything they accuse China of. It's projection.

[-] gonzo0815@sh.itjust.works 29 points 1 year ago

Yeah, who doesn't remember the uighur camps in Utah or the Tiananmen massacre in Washington d.c.?

[-] anlumo@feddit.de 7 points 1 year ago* (last edited 1 year ago)

I do remember the Japanese camps, and I also remember the people of color who are imprisoned in slave-like conditions for many years for minor misdemeanors (or, what should be ones).

I also remember the systematic killing of people of color by the police, who are protected by the state via qualified immunity.

[-] Draedron@lemmy.dbzer0.com 1 points 1 year ago

I hate america as much as every sensible person does but america has concentration camps, locking people up solely because of their religion, rapes the women, steals their organs, arrests people who report it, brutally beats down protesters and have elected their dictator for life? I mean I al sure america rapes inmates in their torture camps, I doubt they steal their organs and do all the other stuff

[-] silvercove@lemdro.id -1 points 1 year ago

How many countries have America invaded? How many have China invaded?

[-] LaLiLuLuCo@lemmy.ca 1 points 1 year ago* (last edited 1 year ago)

Tibet, Vietnam.....

Lots of other countries are afraid of an invasion in south east Asia, at minimum a seizure of their fishing territories and waters.

Currently we are discussing a possible invasion of Taiwan.

Oh there's also the modern border conflicts with India and the Sino-Indian war in 1962 and flare ups since.

All of which is to say, don't mistake an inability to project power outside of their region with an unwillingness to be an imperialist bully. China was involved in the Mali war with the UN, and were a Chinese company to have it's investments in insert African or Latin American country threatened by a "socialist" government nationalizing it they would be just as likely to pull the same BS as the US did in Latin America in the 20th century if they could actually project power there.

[-] silvercove@lemdro.id 0 points 1 year ago

Currently we are discussing a possible invasion of Taiwan.

Possible invasions are not as bad a actual invasions where Americans have destroyed entire cities in the middle east and forced millions of people to become refugees.

[+] silent2k@lemmy.world -45 points 1 year ago

Lol, top economic advisor.

[-] Haven5341@feddit.de 48 points 1 year ago* (last edited 1 year ago)

Lol, top economic advisor.

You might not agree with her but she is - without any doubt - one of the top economic advisors.

Monika Schnitzer (born September 9, 1961 in Mannheim) is a German economist and chair of comparative economic research at the Ludwig Maximilian University of Munich. She was the president of the Verein für Socialpolitik from 2015 to 2016 and is the chairwoman of the German Council of Economic Experts since 2022.

Schnitzer graduated with a diploma in economics from the University of Cologne in 1986. She went on to further study at the University of Bonn and received her doctorate (Ph.D.) in 1991. She was granted a habilitation at the same university in 1995.

The Ludwig Maximilian University of Munich appointed Schnitzer to her current position in 1996.

In addition to her academic work, Schmitzer advised the German Federal Ministry of Economic Affairs and Energy and the European Commission from 2011 to 2020. From 2011 to 2019, she served as deputy chair of the Commission of Experts for Research and Innovation (EFI). She is a fellow of the European Economic Association.

https://en.wikipedia.org/wiki/Monika_Schnitzer

In German:

https://de.wikipedia.org/wiki/Monika_Schnitzer

this post was submitted on 20 Aug 2023

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