A Political And Economic "Doom Loop" Is Underway In Germany

A Political And Economic "Doom Loop" Is Underway In Germany

Mike Shedlock

Germany has massive deindustrialization problems on which it is in denial. Add a political doom loop to the mix...

Alternative for Germany

Lead chart adapted from Wikipedia German Federal Election Polls.

Support for Alternative for Germany, AfD, a right-wing political party is on the rise, primarily at the expense of the Green Party. 

In September 2012, Alexander Gauland, Bernd Lucke, and journalist Konrad Adam founded the political group Electoral Alternative 2013 in Bad Nauheim, to oppose German federal policies concerning the eurozone crisis, and to confront German-supported bailouts for poorer southern European countries.

Their manifesto was endorsed by several economists, journalists, and business leaders, and stated that the eurozone had proven to be "unsuitable" as a currency area and that southern European states were "sinking into poverty under the competitive pressure of the euro".

Since 2015, AfD's ideology has been characterized by Islamophobia, anti-immigration, German nationalism, national-conservative, and Euroscepticism. The AfD is the only party represented in the German Bundestag whose environmental and climate policy is based on the denial of human-caused climate change.

All the traditional parties want nothing to do with AfD in any government coalition. But above the 20 percent mark, avoidance of AfD becomes more than a bit difficult. 

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