west germany had a social market economy economic system.
what kind of economic system did west germany have?
social market economy
customarily, the pdc backs specific initiatives in an effort to bridge socialism and laissez-faire capitalism. this economic system has been called "social capitalism" and is heavily influenced by catholic social teaching or, more generally, christian ethics. in addition to this objective, the pdc also supports a strong national government while conservative on social issues. however, after pinochet's military regime ended the pdc embraced classical economic policies. the current president of the pdc is ignacio walker. in their latest "ideological congress", the christian democrats criticized chile's current economic system and called for a shift toward a social market economy ("economía social de mercado"), the economic system created by the post-world war ii christian democratic governments in europe. however, unlike european countries which christian democrats usually as a conservative party, the pdc has long cooperated with the centre-left parties.
christian democratic party (chile)
the most noticeable differences would be the ruling political parties of east and west germany. policy differences of the two parties established the strategies for the process of "restoration" following world war ii. in the west, a capitalist economic system was adopted under the marshall plan. on the other hand, the authority of east germany was under massive pressure from the soviet union and adopted a more radical economic system that placed more intensive requirements on the individual. divergence between the two states first appears in their difference in economic system choices. the structure of the two german societies and their people were inevitably distinct from each other under the broad background of the cold war. although both east and west germans share the same language and history, their identities were changed in the dimension of having completely different social lives. differences between west germany and east germany are evident before reunification.
ostalgie