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Economic Policy in Germany
War
Ukraine
... At its heart, this is a task of industrial scaling, something German industry is well placed to deliver. As economic historians, we know that without the coordinating hand of the government and economic expertise, this kind of crash rearmament programme will not happen fast enough. ... the obvious path would be to create a national defence industrial board to assess resources, set quantitative production goals, negotiate capacity with industry and fast-track dual-use innovation. ... "German rearmament" are two ominous words for historians, just as "state co-ordination" is a phrase we tend to eschew as believers in freemarket economics. However, in the face of an increasingly dangerous and heavily armed Russia, co-ordinated rearmament is imperative. Above all, it needs to happen at warp speed. ...
Berlin has woken up to the Russian threat, but its thinking is stuck in the past ... British readers of a certain age may find it hard to be enthusiastic about German rearmament. As historians, we understand their unease. However, this is not the 1910s or the 1930s. The 2020s are a time when the UK has been in a mutual defence alliance with Germany for close to 80 years; ... The arguments for a more rapid and technologically advanced German rearmament are more than just narrowly military. They are also economic and strategic. We have four recommendations that add up to an "Operation Warp Speed" for German rearmament. ...