Almost 70pc rejected the two great parties of the German post-War era.
The vote is arguably a displaced revolt against the hegemony of Germany’s export elites and against an Ordoliberal economic regime that has pauperised a fifth of the population and led to the country’s worst inequality in modern times.
The Social Democrats (SPD) collapsed to 8.2pc. Call it delayed revenge for the SPD’s embrace of austerity, its complicity in 15 years of wage compression, and its role in the Hartz IV reforms that have left a Lumpenproletariat of 7.8 million people on “mini-jobs” of €450 a month.
What is clear is that Germany has reached an economic and political dead end under the perennial Merkel coalition.
Ambrose Evans-Pritchard 29 October 2019
The Social Democrats (SPD) collapsed to 8.2pc. Call it delayed revenge for the SPD’s embrace of austerity, its complicity in 15 years of wage compression, and its role in the Hartz IV reforms that have left a Lumpenproletariat of 7.8 million people on “mini-jobs” of €450 a month.
What is clear is that Germany has reached an economic and political dead end under the perennial Merkel coalition.
Ambrose Evans-Pritchard 29 October 2019
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