It’s always the same story. Economists love to focus on government debt, but they usually look at government debt in isolation. They sever all links between the state and other macroeconomic processes and act as if the state were comparable to an extremely small private household or a small business. …
Those who have never been there cannot understand it. After a few days, participants in marathon conferences such as the Climate Change Conference (COP 30) in Belém, Brazil, fall into a kind of conference frenzy that makes them believe things that do not exist. …
China and its economic successes are on everyone’s lips. Under the previous government (and under pressure from the US), Germany already designated China a ‘systemic rival,’ whatever that may mean in concrete terms. In any case, it means that Germany does not want to maintain normal friendly relations with the country. …
