Similar Researches
Two researchers, Peter A. Hall and David Soskice, followed up the idea of two different kinds of capitalism with a large, empirical, international study. They came to a typology of (a) liberal and (b) coordinated market economies with different institutions and governance systems. The paradigm of a coordinated market economy is the German way of Rhine capitalism, the Social market economy, which, in the Anglo-Saxon world, is frequently called the “German model”, whereas - according to Hall/Soskice - the meaning of the expression “German model” is more referred to the social practice in Germany than to Erhards and Müller-Armacks fundamental concept.
Read more about this topic: Rhine Capitalism
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“Mistakes, scandals, and failures no longer signal catastrophe. The crucial thing is that they be made credible, and that the public be made aware of the efforts being expended in that direction. The “marketing” immunity of governments is similar to that of the major brands of washing powder.”
—Jean Baudrillard (b. 1929)