this post was submitted on 20 Sep 2023
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For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports.

Jobs were plentiful, the government’s financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany.

No longer. Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.

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[–] [email protected] -5 points 11 months ago* (last edited 11 months ago) (1 children)

Imagine believing for a second America is fighting for bottom ranks in wealth, even among the poor.

The imaginary world you people live in must be fantastic.

[–] [email protected] 14 points 11 months ago (1 children)

People in developed countries like US don't even understand what actual poverty is, give them some slack.

[–] [email protected] 7 points 11 months ago (1 children)

Tell that to all the homeless here. I'm sure theyd love to hear what "actual" poverty is like.

[–] [email protected] 1 points 11 months ago

How about eating 4 slices of bread per day for months? Yeah, I have some "great" memories.