Germany’s post-war economic miracle, known as the Wirtschaftswunder, has been described as one of the most impressive achievements in modern history. The country’s GDP per capita rose from $1,300 in 1960 to over $43,000 in 2019, making it one of the wealthiest nations in the world.
However, experts now warn that this economic strength has become a weakness, creating an opportunity for the far-right party, Alternative for Germany (AfD), to gain popularity. The AfD’s rise to prominence can be attributed to several factors.
Firstly, Germany’s strong economy has led to high levels of immigration, as many young and skilled workers from Eastern Europe and other parts of the world flock to the country in search of better job opportunities. This influx of immigrants has put pressure on Germany’s social services and infrastructure, creating resentment among some sections of the population.
Secondly, the economic boom has also led to rising costs of living, particularly for low-skilled workers and pensioners. As a result, many Germans are feeling increasingly frustrated with the government’s inability to address these issues, leading them to turn to extremist ideologies like the AfD.
Thirdly, Germany’s strong economy has made it less dependent on traditional industries like manufacturing, which had long been the backbone of its economy. This shift has left some regions feeling economically left behind, creating a sense of dislocation and anxiety among workers in these areas.
The AfD’s message of economic nationalism, protectionism, and anti-immigration resonates with these concerns, making it an attractive option for many disillusioned Germans. The party’s rise to prominence is seen as a warning sign by some experts, who fear that Germany’s economic strength could be exploited by extremist ideologies.
Source: https://www.reuters.com/graphics/GERMANY-ELECTION/ECONOMY/zjpqaqdorpx