Monday, September 25, 2017
Merkel Takes a Huge Gamble on the Demographic Future - Still Mostly Winning.
Angela Merkel took a huge gamble in welcoming a large number of immigrants to Germany. Her country has very low fertility - too low to replace itself. The refugees will not only be a new workforce for Germany, but, more importantly, the parents of the future Germany.
Anyone who has been following the tide of resentful nationalisms all around the world could predict what would happen next: an intense anti-immigrant backlash, openly racist and violent, would challenge her.
Merkel did win the German election, but the new fascist party came in third - the first time fascists have been in the parliament since the Nazis were driven out.
It cost Merkel much of her political capital to take this huge gamble, but, in a generation, I believe she will be honored as the demographic savior of Germany.