Kaputt

"Kaputt" delivers an unflinching diagnosis of the decline of the German economic miracle. It shows how Germany has missed the digital future in the shadow of its successes and provides an understanding of why only an immediate change in direction can get the economic engine running again. For decades, the German economy was considered a global benchmark: high-quality engineering, leading machinery and automotive companies, and a thriving export model. However, a fundamental shift is taking place that neither entrepreneurs nor politicians have anticipated - resulting in Germany's economy no longer being able to keep pace with global innovation leaders. In his book, Wolfgang Münchau argues that the weakness of the German economy has actually been brewing for decades. A one-sided focus of economic policy on conventional large industries - driven by close ties between the country's industrial and political elite - has technologically set the country back and led to a risky dependence on authoritarian states. Are there signs that Germany will be able to adapt to the digital realities of the 21st century? An essential read for anyone interested in the future of Europe's largest economy. "An eloquent and comprehensive deconstruction of the German model." Harold James, Financial Times.