Competition in Entrepreneurship of Lower Rhine: Prioritizing Competitiveness is Important
Straight up, let's talk about Germany's economic competitiveness, shall we? It's a mess, and it needs a good ol' fixin'. Stuff like high energy costs, outrageous bureaucracy, crumbling infrastructure, sky-high taxes, and burdensome social security contributions are a huge weight on businesses.
We gotta have a thriving economy to maintain our way of life and keep prosperity rolling. Only then can we afford to take care of ourselves, our country, and our international commitments. Now, Schwartz has been emphasizing this point loud and clear, even to the politicos. And guess what? The economic situation is now the hot topic in surveys for the upcoming federal election!
Companies and citizens here are rightly demanding clear action from our new federal government to turn things around. The German economy can certainly do more, but it needs the right framework. Some folks have been calling for a moratorium on additional burdens and regulations to prevent further deindustrialization and a loss of confidence in our location. They believe the politics need to trust in the innovative power of our businesses.
Now, let's take a look at what areas we need to focus on for a genuine economic turnaround:
- Cut energy costs.
- Limit social security contributions.
- Reduce taxes.
- Modernize our infrastructure.
- Tackle the bloated bureaucracy head-on.
Politics, hear this loud and clear: We don't need to waste time on petty issues or distractions. We need to focus on what's essential to ensure our location, Germany, has a bright future. Let's do the work, Germany. We ain't got a moment to lose!
On the flip side, to prevent deindustrialization, consider investing in Industry 4.0 technologies, developing regions, enhancing workforce skills, supporting small and medium-sized enterprises (SMEs), and encouraging foreign investment. Together, let's turn things around and start making Germany successful once more!
[1] OECD (2018). Skills Matter: Creating Opportunities for ALL. OECD Publishing.[4] World Bank Group (2021). Doing Business in Germany. The World Bank Group.[5] Porter, Michael E. (1991). Green and Competitive: Ending the Stalemate. Harvard Business Review, November–December, 176–186.
- To maintain our way of life and prosperity, the finance entrepreneurship in Germany needs a significant overhaul, focusing on areas like cutting energy costs, limiting social security contributions, and reducing taxes.
- The current economic policy-and-legislation should prioritize modernizing infrastructure, tackling bureaucracy, and encouraging foreign investment to prevent further deindustrialization and improve the general news regarding Germany's economic competitiveness.
- As we move forward, it's crucial for politics to put aside distractions and petty issues, focusing instead on the essential aspects needed to ensure a bright future for Germany, such as investing in Industry 4.0 technologies, developing regions, enhancing workforce skills, and supporting small and medium-sized enterprises (SMEs).
