West's new cold war on Russia & China crushes EU's economic heart: German industry
NATO's new cold war on Russia and China is destroying Germany's industrial base, devastating Europe's economy, and destabilizing its politics, fueling the rise of the far-right, as neoliberal austerity policies exacerbate the ongoing recession. Ben Norton analyzes the evidence. Links: - EU confesses ‘our prosperity was based on China & Russia’: cheap energy, low-paid labor, big market: https://geopoliticaleconomy.com/2022/10/18/eu-prosperity-china-russia-energy-market - German lawmaker denounces Ukraine 'proxy war' and US 'terror attack' on Nord Stream pipelines: https://geopoliticaleconomy.com/2023/02/22/germany-ukraine-nord-stream-sevim-dagdelen - How corporate profits are driving inflation, not workers' wages: https://geopoliticaleconomy.com/2023/06/26/corporate-profits-inflation-europe-imf Topics 0:00 Crisis in EU's economic heart: Germany 5:04 EU admits "our prosperity was based on China and Russia" 6:51 German industry 8:09 US-NATO "vassalization" of Europe 10:09 Cheap Russian gas or expensive US LNG? 13:37 Corporations and speculators profit 17:08 Greedflation 19:08 Neoliberal austerity is back 21:24 US Inflation Reduction Act (IRA) 23:52 Economic war on China backfires 27:01 Rise of far-right 29:46 Germany's leftist anti-war alternative 33:01 Environmentalist policies are not the problem 34:56 Outro