What is a Social Market Economy?
In the last decade the EU has drifted away from Ordnungspolitik, and European competitiveness has declined significantly
Wednesday, 7 October 2015
In the last decade the EU has drifted away from Ordnungspolitik, and European competitiveness has declined significantly
Wednesday, 7 October 2015
The UNP has appropriated “Social Market Economy” as the label for its economic programme. Its election manifesto referred to a knowledge-based, highly competitive social market economy. This is a “third way” between extreme capitalism and extreme socialism. It blends a free market economy with government intervention to protect vulnerable people and the environment. And it will deliver “economic democracy to the people”.
