Konrad Adenauer Stiftung and Pathfinder Foundation organized a roundtable on social market economy and SMEs in Colombo today. Among the Sri Lankan research that was shared was a shortened version of a slideset from our 2011-13 research program.
With regard to social market economy, I said that the German model could not be transplanted here. Lacking their almost religious fiscal discipline, we were likely to create an even bigger mess by guaranteeing social and economic safeguards in the Constitution. Their model rested on tripartite decision making system that gave a powerful role to trade unions. But German trade unions are a far cry from the so-called trade unions that predominantly organize government employees into politicized extortion gangs, such as the government medical officers association. How can a tripartite governance system be built with these kinds of ingredients?