Notebook
Independent essays on geopolitics, political economy, sovereign debt, physical infrastructure, and global economic power.
We Need to Watch the AfD in Germany
That is why the AfD needs close attention. Not because Germany is fated to return to its past and not because every person who votes for it can be reduced to one motive, but because a party with this much support can change a country long before it takes control of a government.
Germany’s Workers Are Being Asked to Pay for Its Industrial Crisis
In 2023, Germany’s GDP contracted by 0.9%. In 2024 it contracted by 0.5% and barely grew in 2025 when GDP expanded by 0.2%. The German economy has spent three years in contraction and stagnation.