The Voodoo Economics of German Industry Subsidies - Author: Jude S. Ngu'Ewodo
The Voodoo Economics of German Industry Subsidies Let’s start with a couple of charts, because if you’re going to untangle the madness of German energy policy, you need a visual aid. The first and second chart show where some incompetent German politicians Habeck, Scholz, Söder, und Merz are planning to funnel billions of taxpayers' euros after the February elections—sad!—not into wind farms or solar panels, but straight into the bottomless pit of electricity subsidies for industry. The third chart takes a leap of imagination: what if, instead of subsidizing today’s inefficiencies, that money was spent building renewable energy capacity? And what if that capacity drove down electricity prices for everyone? Spoiler alert: it’s not a fantasy—it’s a missed opportunity. This isn’t just about bad policy. It’s about a failure of imagination, a betrayal of basic economics, and a nation forgetting what made it an industrial powerhouse in the first place. The German government is handing ou...