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Saying Germany embraced the free market is not correct. Germany under Erhard had a social market economy (even during the "Wirtschaftswunder*, the economic mira
by danielbln 2y ago
Saying Germany embraced the free market is not correct. Germany under Erhard had a social market economy (even during the "Wirtschaftswunder*, the economic miracle). While some free market principles were followed (price liberation, free trade) and it was certainly more market liberal than France at the time, it still came with substantial protection (universal healthcare, strong labor protections and unions, anti monopoly regulations etc.)
The situation back then was decidedly _not_ what the term "free market" (of the libertarian variety) would imply today.
- WalterBright 2y agoNobody claimed it was a 100% free market. But it was quite a bit more free than the other MP recipients. And the results showed.
- danielbln 2y agoDefinitely, just wanted to make sure that no one who's passing by your comment thinks that post-war Germany had some gung ho modern definition style free market.