Social Capitalism: Difference between revisions

One of the major factors for the emergence of SocCap was to improve the conditions of workers under capitalism in order to prevent the rising threat of [[File:Ormarxf.png]] [[Marxism|Marx's]] [[Socialism|socialist movement]] [[File:Soc-h.png]]. Germany implemented the world's first welfare state and universal healthcare program in the 1880s under the chancellor [[File:Bism.png]] [[Bismarckism|Otto von Bismarck]], who developed a program in which industry and state work closely to stimulate economic growth by giving workers greater security.

Following the end of WW2, chancellor [[File:CDU PartyAdenauer.png]] Konrad Adenauer implemented the [[File:Soccap.png]] social market economy model in Allied-occupied Germany. Ludwig Erhard was Adenauer's Minister of Economic Affairs and is primarily responsible for the ''Wirtschaftswunder''.