Nationalism will rise from the ashes
“Today’s Germany is the best Germany the world has seen.” So effused the Washington Post columnist George F. Will five long years ago. It’s hard to imagine anyone — even a German — writing those words today. The country is in crisis. On Monday, Chancellor Olaf Scholz lost a humiliating no-confidence vote, and now Germany is hurtling towards a divisive snap election in February. The nation’s economy has barely grown since 2018, and it is de-industrialising at an alarming rate. The unfolding calamity represents a strategic opening for China and Russia which the West cannot afford to ignore.
At the root of Germany’s industrial woes is electricity, which is now nearly twice as expensive as it is for their American counterparts, and three times more expensive than in China. Prices have been rising since the early 2000s, but a policy embraced by the German government in 2011, following the nuclear meltdown at Fukushima, sealed the nation’s fate. The proponents of the Energiewende (“energy revolution”) policy made the astonishing argument that Germany could rapidly abandon both fossil fuels and nuclear energy without losing its industrial edge. This was, as one Oxford study put it, a “gamble”. Or a game of Russian roulette, a cynic might have added.
