What kinds of service?
I’ll make four observations:
1. Nord Stream 1/2 are fixable, and the Russians might hint this. However, if you ask me...they really only want to fix Nord Stream 2 (bigger output capability), and the Germans will only agree to operate Nord Stream 1. So, don’t expect the older pipe to be repaired.
2. Everybody, from small bakeries and bars....to major industry in Germany is currently freaked-out. The natural gas bills put upon them are outrageous. Some bakers are indicating they can survive for about two months before insolvency has to be discussed. Not enough carbonation? Well....the breweries and soda industry admit that their cost is reaching a level where production is impossible.
3. Indoor pools, fitness studios, and theaters are gauging the amount of time they have left before the cost for heating is too much.
4. The 200 Billion Euro ‘fund’ to save everyone from electrical and natural gas bills? Well...you end up paying for it via income or sales taxes. It’s not free, and you can forecast 2023/2024 as being massive inflationary years for the nation.
You can go back and blame ‘ostpolitic’ over the past fifty years and the various parties (left and right) that got deep into Russian natural gas sales. They all contributed to this moment, and there is no way out...other than massive fracking (nearly impossible to get them to realize this).
Business experience tells us tangible products have significantly better competitive/economic moats compared to those of services.
Services are based on people, who can walk out the door and start their own competing businesses. Products and product branding are more difficult to reproduce.
Take a look at BMW or Mercedes Benz. Or for that matter, take a look at Witch Hazel or Arm & Hammer Baking Soda in the U.S.
There’s no such thing as a service economy. The service comes from servicing manufacturing.
Perhaps the thinking is: “No industry in Germany, no potential war machine again”.
If so, then the US-led de-industrialization of Germany starts to make sense. Just a bummer for the Germans, as they haven’t developed much of anything outside of industry (simply because they didn’t have to).
Germany’s burgeoning muslim workforce will transition well to a service based economy. Look how many German women got serviced in Cologne and Hamburg on New Year’s Eve back in 2015/2016.
Don’t do it. You will be China’s bitch like us....
Next up - the “Blanket Brigade” Service Company- they will come to your home and huddle under a blanket with you this Winter - but you gotta supply your own blanket😎
The Germans wouldn’t be screwed and would not have to deindustrialize if they would adopt Nuclear power on a large scale and drop the Gaia worship.
It doesn’t have to be this way. Their wounds are entirely self inflicted. Gaia Worship destroys nations.
And the idiot liberal Germans think the third world rapefugees Muhammed and Abdul are going to care for them and pay the taxes required for their retirement and medical care.