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An ‘earthquake’ at Volkswagen – and a crisis for Germany?
(www.theguardian.com)
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this post was submitted on 07 Sep 2024
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I've started typing up a half page rant, but I kept going on getting sidetracked. With Orbán et al. there is always another blatant theft or scandal that is hard to leave unsaid. Imagine 20 years of Trump, and you get the idea. I'll try to sum it up in short.
With Merkel, basically what happened was that for decades she covered for Orbán stealing EU money and blatantly using a lot of it for propaganda to cement an authoritarian system, in exchange for said system eroding workers' rights and continuously inflating the HUF against the EUR to keep wages down for German firms. Basically, Merkel and Orbán made Hungary into a nearshoring centre for German industry.
And now when the market ebbs for VW, of course they are not going to close the Hungarian factories that they broke the unions in and can basically demand unlimited overtime, and can pay wages in a currency at an all-time weak point against the EUR.
Goddamn. I understand.
Damn, Merkel always seemed like the good guy.