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Germany Is Now Officially A Planned Economy
Germany Is Now Officially A Planned Economy
Authored by Eduard Braun via Mises Institute,
Germany’s push for a social-ecological market economy rests on far-reaching state interventions in energy and industry, including a government-driven hydrogen strategy. In a recent report Germany’s Federal Audit Office explicitly describes the policy as a planned economy and highlights fundamental problems. At the same time, it doubts that the government will reach its own targets, indicating that these climate-policy experiments are likely to fail even on their own terms.
Germany’s “social-ecological transformation” is the political program of turning...
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Summary
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