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SMP LeaderTalks

#92 | Freedom is more just than equality

SMP LeaderTalks

7. May 2025

Georgiy Michailov meets Dr. Rainer Hank

On liberal thinking, political loyalty and the social market economy.

1 h 06 Min

"Crises are the best thing journalists can have."

We are living in a time of multiple crises: Financial, refugee, pandemic, energy and geopolitical crises. And in a world in which tariffs are once again acceptable and globalization threatens to fail because of its own ambitions. As a result, open markets, liberal regulatory policy and economic rationality are coming under ideological pressure. This episode seeks orientation in an increasingly polarized economic policy debate - and poses the crucial question: Is the social market economy still viable for the future?

"Regulatory policy is not a utopia - but a yardstick for criticism."

In this interview, Dr. Rainer Hank analyzes why economic policy decisions are influenced by the demand for redistribution and the fear of losing voters. He explains why German pension policy and longevity do not go together, what fascinates him about Argentina's radical reform course and warns that an encroaching state not only distorts markets, but also systematically undermines performance incentives and innovative strength.

"Contracts become longer when there is a lack of trust."

Hank also takes a look at the current coalition agreement with Georgiy Michailov. The two talk about Friedrich Merz, the will to power and chancellorship, the myth of equal opportunities, the moral limits of inheritance tax and the dark side of loyalty. An episode about the danger that the state will end up making us richer than we can afford.

*Video only in German

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