The Financial Market Crisis and Its Consequences for Competitive Policy

The financial market crisis has shown that public ownership does not necessarily guarantee stability (state banks acting as "gamblers" on the stock market). The retirement of publicly owned agencies from day-to-day business does not invariably result in destabilised markets if we manage to create appropriate framework conditions and ensure that they are observed and maintained. A strong state that is limited to the core tenets of Ordnungspolitik, combined with a strong private sector – these are a prerequisite for a smoothly performing economy.