When Corona arrived, Scholz got the Bazooka. He wanted to do everything to overcome the crisis and soften the quarantine policy of his government – and simply solved all economic problems with the help of more and more money. And since he was in good shape, he continued shooting: reduced work, crown vacations at the expense of the state. At the same time, he paved the way for the green transformation agenda.
Now he is sitting in the midst of the ruins of this very policy, which, of course, he did not pursue alone, but in which, nevertheless, he played a decisive role. Inflation is eating away at Germany’s prosperity, and the chancellor’s air is getting thinner every day.
Olaf Scholz has been announcing his “concerted actions” for several months. What should be a linguistic reference to the group of the same name, founded in the late 1960s during the oil crisis, remains as irrelevant as the name sounds – and completely misses the point. Even then, an attempt to develop a national industrial strategy through dialogue between the state and trade unions failed. The parties to the collective agreement could not simply coax it out, and ultimately inflation could only be brought under control by decisive central bank policy. Usually.
Workers, employers and Olaf Scholz now met for a pleasant two-hour talk – of course, nothing was decided. More coffee parties to come. This format is pointless from the start. Because the trade unions have exactly two ways: either accept the impoverishment of their workers, or start an inflationary spiral. After you’ve thrown away 90 percent of the cake, you let the kids fight over the last pieces and then try to “moderate” the process. Where should it lead?
At the press conference after the conversation, Olaf Scholz did not say anything in the usual meaningless sentences – only one sentence stuck: “The current crisis will not end in a few months.”
From “Bazooka-Olaf” to “Pig in the middle”
Of course, Olaf Scholz does not dare to tackle the real and obvious cause of inflation: the monetary policy of the ECB. He doesn’t say a word about it. After all, to change interest rates, his government’s gigantic transformational projects would have to be undone – the whole ideal world agenda is based on cheap money. Olaf Scholz does not want and cannot do anything about inflation – then he should at least be silent.
Instead, he once again appeals to the community, which, kindly, has to endure it. He says: “As a country, we will only get through this crisis successfully if we join hands, if we agree on a solution together.”
What solutions should we agree on? Where are the offers?
Scholtz was put as a driver on a train headed for the canyon, over which the bridge has not yet been built. Years of easy monetary policy have given politicians a comfortable window of time, which has paid off for Merkel. But now comes the payback.
The leader of the lock, Scholz, can no longer slow down either, because he himself has always sworn that the bridge in front of us is particularly stable. He sits on the ruins of the policies he helped implement – and eschews the emergency brake as the only way out.
Olaf Scholz is the chancellor of a tipping point, whether he likes it or not. A turnaround is required – in foreign and security policy, as well as in the fight against inflation, in the nuclear energy issue, as well as in economic and financial policy, as well as in coronavirus policy. Olaf Scholz’s role is to find the point in time for this turning point. The later, the more painful it will be.
When it came to mandatory vaccination, he missed it on time and completely. It seemed that he almost hit him on the Ukrainian issue, but then he dropped everything again. On the issue of inflation, however, Scholz balked from the start.
Now he has a salad: his mine is perfect for the downswing. His chancellorship is unlikely to survive this strain.