Part 4/16:
One stark example is chemical giant BASF, which had to halt major production lines in Germany due to skyrocketing energy prices caused by a frantic transition to green energy and the shutdown of nuclear power plants. As electricity prices soared, BASF shifted investments to China, building a $10 billion mega site in Jiangsu. Meanwhile, Germany's industrial output plummeted to levels unseen since the early COVID pandemic, signaling the hollowing out of Europe's manufacturing backbone.