Kaput: The End of the German Miracle

'Compelling' Guardian

'Eloquent and comprehensive' Financial Times

'Excellent' The Telegraph

'Astonishing' The Times

'An eye-opener' Gavin Esler

Until recently, Germany appeared to be a paragon of economic and political success. But recent events – from Germany’s dependence on Russian gas to its car industry’s delays in the race to electric – have undermined this view.

In Kaput, Wolfgang Münchau argues that the weaknesses of Germany’s economy have, in fact, been brewing for decades. The close connections between the country’s industrial and political elite have left Germany technologically behind, over-reliant on authoritarian Russia and China, and with little sign of being able to adapt to the digital realities of the twenty-first century. It is an essential read for anyone interested in the future of Europe’s most important economy.