Neoliberalism in Germany

Sarah Laskin
Neoliberalism in Germany

In the 1930s and 40s the concept of Neoliberalism was introduced in Germany by economist Ludwig Erhad, however the theory was not fully implemented until after WWII when Germany was in an economic crisis.

So, the people in power decided at this point they had hit rock bottom and decided to try Neoliberalism. They saw that there were many monopolies in businesses in different industries in Germany. They thought Neoliberalism would solve this and bring more economic variety through competition and a freer market. Ideally, Germany would become self-reliant again and have an "expansion of the wellfare state" based on social security and justice.

Erhad also thought Germany's lacking market was too social unnecessarily and made more efforts to have more private savings. The elderly in Germany (who were past working age) were especially suffering because of Germany's market structure, so he bought a portion of the wellfare state in an effort to strengthen it. This state was at the time mostly being managed by Otto von Bismark, and together they used neoliberalist ideals for their new wellfare program.

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