The Allensbach study shows support for the social market economy

DTrust in the social market economy is higher than it has been for a long time. 54 percent people have a good opinion of the German economic system. This is more than twice as many as in 2005, when only 25 percent said so. citizens. However, many citizens fear that the corona crisis will deepen social divisions in society. These are the results of a representative study by the Allensbach Demoscopy Institute of around 1,000 citizens aged 16 and over, commissioned by the metal industry-funded New Social Market Economy (INSM) initiative.

Most of 52 percent. believes that the most important task in the coming years will be the rapid recovery of the economy from the corona crisis. Conversely, only 30 percent of those polled consider reducing social inequalities the most urgent task. This is remarkable as 73 percent expect the pandemic to increase social disparities in Germany. It will be interesting whether the desired priority of the economy over social issues will also be reflected in the results of the upcoming elections.

38 percent of respondents believe that the current government intervention in the economy is excessive, 31 percent. considers it appropriate, and only 5 percent. would like more government intervention. A similar picture emerges from the basic attitude to the influence of the state on the economic system. Only a minority of 8 percent. of respondents is convinced that personally they would be better off if the state interfered more in economic processes. 39 percent said they were likely to be worse off. In 2005, 12% of respondents believed that they would be better off with more government influence, only 33% that it would be worse.

“The economy is credited with a high degree of efficiency,” said institute director Renate Köcher. On the other hand, very few would say that about the state. However, the differences between West and East Germany are striking. “As before, the population of East Germany is much more distant from the economic system than the population of West Germany,” says the evaluation.

Köcher finds it remarkable that 32 percent of citizens expect Corona to weaken the international competitiveness of the German economy. “Citizens evaluate the prospects much worse than economic research institutes, politicians and the economy itself.” “I’m surprised why politicians underestimate the efforts made by business.”

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