The DAX has dramatically declined in importance in recent years as Germany has fallen behind in every single new technology and industry such as AI, cloud, 3D printing, e-mobility, 5G, blockchaing, cryptocurrencies, NFTs, and so on.
Germany’s wealth and power is built on technologies from the previous industrial revolution: Coal and steam power, fax machines, copper telephone lines, cash payments and paper-based bureaucracy and corruption. We have become far too complacent and arrogant to ever become the world’s powerhouse of innovation and science.
Below you will see just one example of the many bad decisions the German nation has made in recent decades, and why things will get much worse before they could finally get better. Perhaps it never will.
As a user on Youtube puts it: It is all the same here in Germany: worshiping the Diesel engine, preserving coal plants, preventing home office, and pressing the last MBit out of copper cables. An enormously conservative attitude is gambling away our future.