Dagens tips måndag 2024-04-15 (Extra2)

German companies deserve blame for deindustrialisation

"One of the greatest myths about capitalism is that companies like competition — or, for that matter, their customers. The truth is that in an ideal world, from the corporate perspective, one would hold a monopoly in supply and serve one customer with deep pockets.

Keep this in mind when trying to understand the seemingly never-ending story of German deindustrialisation. A few years ago, the “Federation of German Industries (BDI)” that represents more than 100,000 companies was celebrating the much vaunted “Energy Transition,” putting up almost no resistance against the phasing out of Germany’s world class nuclear power plants. This is even more remarkable, since the latter was finalised under the conservative and supposedly economically liberal chancellor Angela Merkel."

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