What reconciles people and markets?
For Helmut Schmidt the welfare state was one of Europe’s most important cultural achievements in the 20th century. The 2007-2008 financial crisis shifted the global economic and political balance of power and has led many people to feel that they are more than ever at the mercy of “predatory capitalism” (Helmut Schmidt). A considerable number have lost faith in politics altogether. Donald Trump’s election to the US Presidency and the UK’s rejection of the EU show that a growing number of people see isolation and protectionism as the answer.
These urgent issues will be addressed by the work of the Federal Chancellor Helmut Schmidt Foundation. The goal is to project the welfare state success story into the future and strengthen its position as a role model.