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Weak state: parallels between Berlin and Weimar?
Economic policy needs clear regulatory frameworks for more flexibility - according to a recent article, Eucken's words from 1932 are still relevant. Find out more about the challenges facing the German economy.
Weak state: parallels between Berlin and Weimar?
In 1932, the economist Walter Eucken denounced the lack of a uniform economic regulatory framework. He criticized the large number of measures that only served the interests of individual economic groups and did not reveal a coherent strategy. He saw this fragmentation and lack of systematicity as an obstacle to the development of the economy. Eucken emphasized that even the best officials are unable to compensate for this lack of order. In Eucken's opinion, the resulting permanent interventionism of the state weakened the economy and undermined its strength.
Today, Berlin may not be comparable to the situation in Weimar, but the question of a clear regulatory framework for the economy still arises. The fear of a weak state and a lack of coherence in economic policy is also present today. It turns out that excessive government intervention and a lack of a clear economic model can impair the flexibility and development opportunities of the economy.
It becomes clear how important it is to create a regulatory framework that offers the economy clear orientation and stability. This framework should be based on a unified idea and take into account the interests of different economic groups, without losing sight of systematicity and coherence. Only through a clear regulatory policy can the economy operate successfully and flexibly in the long term and face the challenges of the future.