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This is how Germany realizes the fourth economic transition

Growth is also necessary to meet the enormous financial needs to transition the economy to climate neutrality. The social market economy is aware of the need to adapt to a resource and environmentally friendly economic system. The founder of the term social market economy, Alfred Müller-Armack, warned in the 1960s that the social market economy needed to be adapted accordingly. And emphasizes that he deals with the subject optimistically and does not talk about the ‘end of the world’. This requires the belief that progress is a good thing and that technical innovation is the basis for a better life that creates more prosperity. A realization that has always dominated the past centuries. And now it is actually being questioned by the left and green.

The text social market economy is not everywhere. Neither a socialist market economy in the style of Sahra Wagenknecht nor a controlled green market economy will be able to develop the power that lies in Ludwig Erhard’s idea. Example of climate protection: The social market economy was successful in the fight against climate change. Greenhouse gas emissions have been reduced by 40 percent since 1990. At the same time, Germany recorded an average growth of one percent between 2000 and 2020. In contrast, the supposed blessing of a green economic miracle through state control has not yet materialized. the opposite.