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Politicka Misla Nr. 20 (Political Thought)

Wirtschaft und freier Handel

In economic terms, trust is a system which protects the participantson the market. Providing the necessary financial stability, the economic system and legal security, function in mutual dependence and beneficial differences. Concerning the wide open market and the lack of information as its consequence, people have a need of legal protection. In order to provide economical success and social stability of its citizens, after the WW II Germany implemented the model of the social market economy.This model, developed by Ludwig Erhard and Konrad Adenauer, evolvedduring the years in a successful economic story that stands as a pillar of the German society. The Konrad Adenauer Foundation continuously promotes this model during its work and stands for the main idea of taking responsibility, placing people, their engagements and initiatives in the focus of its interest.Social market economy is not just an economic theory!

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