Election campaign ǀ Buddy Kaeser calls it “Inclusive Capitalism” — the Friday

Election campaign ǀ Buddy Kaeser calls it “Inclusive Capitalism” — the Friday

Election campaign ǀ Buddy Kaeser calls it “Inclusive Capitalism” — the Friday

Annalena Baerbock wrapped in a dark green coat, in her hand two large stone tablets with ten prohibitions that the Greens are said to want. Below the depiction of Moses is written in capital letters: "Why green prohibitions do not lead us to the promised land". This advertisement appeared prominently on the FAZ, SZ and Zeit Online pages on the Friday before the Greens' federal party conference. It was switched by the neoliberal lobby organization Initiative Neue Soziale Marktwirtschaft (INSM), which is largely financed by the metal and electronics industry. The ad served its purpose: all hell broke loose on Twitter and various newspapers took up the topic. Editors made fact checks.

Large parts of the economy have nothing to fear from the Greens. The party demonstrated this impressively at the party conference, where the election program was decided. Pragmatically, constructively, on an equal footing with the executive floors, two-thirds of the delegates smashed a motion that provided for the Hartz IV salary to be increased by 200 euros. The abolition of the debt brake fell through, just as there should be no socialization of real estate groups with the Greens. A motion to increase the top tax rate to 53 percent also failed – the party congress decided on a “moderate” increase to 48 percent. Breathe deeply with the rich. The auto industry also had reason to be happy: Cars with combustion engines will not be allowed to be registered until 2030 – and not as early as 2025. And the defense industry is pleased to hear that the Greens are not categorically ruling out the use of combat drones.

Ex-Siemens boss Joe Kaeser gave a guest speech. The new chairman of the supervisory board of Siemens Energy, who describes himself as a "believer in inclusive capitalism", campaigned at the party conference insistently for a socio-ecological market economy - in contrast to socialism. He rebuked the Greens not to give up the great opportunity to move up from the environmental department head to the German board.

Election campaign ǀ buddy Kaeser calls it

Advance praise from the capital fraction

The private banks are no longer afraid of Baerbock and Co.: The Federal Association of German Banks praised in the Handelsblatt at the beginning of May: The Greens might have been the first party to understand that the restructuring to a sustainable economy can only be achieved with the support of the banks and the capital markets.

At the end of May, the Swiss UBS Bank published an analysis of the upcoming federal elections: Even with the Greens in a government, there would be no reason for investors to worry. Opportunities would even arise: namely, developers of renewable energy systems, car manufacturers with an orientation towards electric vehicles, semiconductor companies, green energy companies could benefit. A government together with the CDU is the most likely scenario that could go hand in hand with support for the euro and the transfer of some competences to Brussels.

With so much advance praise from important capital fractions, it is not surprising that the Confederation of German Employers' Associations (BDA) has criticized the INSM campaign. "Personal disparagement and the unsuccessful use of Christian symbolism are not appropriate in the necessary competition for political content." This is not the style of the BDA.

The INSM doesn't seem to have gotten the message yet: The Greens and their leader Annalena Baerbock could lead German capital to the promised land, to a country where capitalism painted green has a future.