on industrial competitiveness

Germany’s new chancellor, Friedrich Merz, has said that every decision taken under his leadership will be judged on its impact on industrial competitiveness: Europe must be “prepared to step into the next phase of competitiveness”. The goal? To compete in a liberal, free market of globalised value chains that drive down the cost of products for consumers and enhance profits in advanced economies. This is the world of “level playing fields” with China; “improving European innovation” is the mantra. Political leaders’ discourse is preoccupied with notions of Europe spending more money, becoming more efficient and enhancing the framework conditions for its companies—to keep up with Chinese สล็อตเว็บตรง