Saturday, October 9, 2021

Economics: Why Germany Might Have A Brighter Future Than America


 (Drivebycuriosity) - Germany is still digesting the results of the recent election. It was a surprise how the Erstwählers, the 18-21 old who voted the first time, decided. While the usual suspects, SPD (moderate left) and CDU (moderate conservative) had a small lead, the FDP got more votes than the other parties ( faz.net). They were  even more popular than "Die Grünen", the Greens, who traditionally advocate ecological ideas and benefit a lot from the Climate Change agenda.

FDP is the acronym for Freie Demokratische Partei Deutschland ( Free Demogratic Party Germany ). The FDP is complex, but traditionally they are close to classic liberalism, which advocates freedom of choices and individualism. The FDP is traditionally more business friendly than the other parties, especially the SPD and  the Greens. Today they still stand for a small government, less regulation and low taxes. The popularity of the FDP before the Greens and Germany`s left-leaning parties (SPD and "Die Linke/The Left) shows that  Germany`s youth cares more about economic growth than about ideologies. If the youth are the future its bodes well for Germany 

Voters in the US people don`t have these choices. Non of last year`s candidates, Biden & Trump, is similar to Germany`s FDP. It is also an open question whether America´s youth would vote for them. Left-wing activists like AOC, Bernie Sanders & Elizabeth Warren are extremely popular and a survey found an immense increase in support for socialism over the last year, particularly among those between the ages of 16 and 39 ( wsws.  gallup). Within the Gen Z group (ages 16-23), support for socialism increased nearly ten percentage points over the course of a single year: from 40 percent in 2019 to 49 percent when this poll was taken in September 2020. 

Maybe Germany´s future is brighter then the American.


 

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