General misallocation or an expression of the sad state of the German economy? With Alphabet, Amazon and Nvidia alone, three individual stocks are each more highly capitalized than the entire German leading index Dax 40. Of course, the big seven tech companies in the USA have experienced a veritable hype on the stock markets in recent years. But it must also be noted that it is precisely these companies that concentrate large parts of the economic energy of their respective sectors, develop a network effect and dominate the competition in a highly innovative way.

The only question is: what is happening in Germany? Is the country turning into an industrial museum, with the memory of innovation, patents and the art of engineering slowly fading? It almost looks that way, as there can no longer be any public debate about the failure of this policy in recent years. German politics has fallen into the trap of auto-suggestion and is now all about the climate complex.