Angst is no longer just a German phenomenon: A specter is haunting the world –
the specter of angst*.
*A play on words based on the opening sentence of the Communist Manifesto
People are suffering from Weltstress (global stress) and feel they are losing control of their lives. They are at the mercy of climate change; as a consequence of senseless wars, they suffer from high prices caused by resource shortages; they hear AI predicting their imminent demise; and they feel lonely despite an oversupply of friend requests on social media.
Many people are overwhelmed by the fast-paced present and lament, “Everything used to be better in the past.”
They see decline on all fronts. Germans no longer trust the established parties to get their country‘s problems under control. Anger mingles with citizens’ angst for their future: “Those who govern us are incompetent; they can’t get things under control.”
*A play on words based on the opening sentence of the Communist Manifesto
People are suffering from Weltstress (global stress) and feel they are losing control of their lives. They are at the mercy of climate change; as a consequence of senseless wars, they suffer from high prices caused by resource shortages; they hear AI predicting their imminent demise; and they feel lonely despite an oversupply of friend requests on social media.
Many people are overwhelmed by the fast-paced present and lament, “Everything used to be better in the past.”
They see decline on all fronts. Germans no longer trust the established parties to get their country‘s problems under control. Anger mingles with citizens’ angst for their future: “Those who govern us are incompetent; they can’t get things under control.”
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Former East Germany is AfD land, while in the West the Christian Democrats are still (?) dominant (©Deutsche Telekom). |
Indeed, these parties offer simple solutions with slogans like socialization, expropriation, Tax the Rich, remigration, Dexit*, back to our national roots, and the DM. These catchwords will surely make life cheaper and foreign influence more bearable.
*coined after Brexit
Who will bear the costs? Tariffs*, the rich, and big tech.
*or another country: Mexico will pay for the wall
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| ©Deutsche Telekom |
Because the ruling parties are suffering one election defeat and one poll shock after another, they shower people with favors, even though there is nothing left to give. An economic expert called the second German fuel rebate - costing 2.5 billion euros - an “expression of political desperation.”
On Monday, Chancellor Friedrich Merz announced a lowering of the electricity
tax for everyone to the European minimum, making German energy-hungry industry
internationally competitive and easing the financial burden on private
households. According to Merz, the government will use financial leeway in the
budget to achieve this, but in reality these subsidies are paid for by
increasing our national debt.
For decades, citizens should have realized that the state pension is no longer sufficient to maintain their standard of living when retired. Nevertheless, few did make provisions for the future. Only 48 percent of West Germans have a private supplemental retirement plan; in the East, the figure is a mere 27 percent.
When Merz plainly said in April that the statutory pension would serve only as a basic safety net in the future, there was an outcry. Citizens expect the state to rescue them.
Germany still enjoys a high standard of living. We remain the world’s third-largest economy. But the German economic model has limited long-term sustainability. The welfare state is severely overstretched, non-wage labor costs are high, and bureaucracy is enormous. If we do not address these problems, Germany’s economic performance will decline.
For decades, citizens should have realized that the state pension is no longer sufficient to maintain their standard of living when retired. Nevertheless, few did make provisions for the future. Only 48 percent of West Germans have a private supplemental retirement plan; in the East, the figure is a mere 27 percent.
When Merz plainly said in April that the statutory pension would serve only as a basic safety net in the future, there was an outcry. Citizens expect the state to rescue them.
Germany still enjoys a high standard of living. We remain the world’s third-largest economy. But the German economic model has limited long-term sustainability. The welfare state is severely overstretched, non-wage labor costs are high, and bureaucracy is enormous. If we do not address these problems, Germany’s economic performance will decline.
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| ©NTV |
Germany is incapable of reform, and people’s angst will grow.
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