Earlier quoted context omitted.
Not sure why you are downvoted. Social market economy is the self-description in Germany, it's what you learn in school and how German politicians name the system. The goal of social market economy is to 'correct undesirable effects' of free markets. Depending on your perspective, you categorize it as capitalist, socialist or in-between system.
> Not sure why you are downvoted. Because the reality of this is unpopular for critics of capitalism. Most people rarely have an idea how far removed from laissez faire capitalism European countries are. This doesn't stop critics from ironically mentioning that free markets altogether don't work for example in our renter's market (which is the most restricted market we have). The ill-effects we are now feeling are fr…
The means of production are in the hand of capital. Profit is the driving factor of companies. "Number go up" is still the default goal.