enEnglisch
Economy
How do limits to growth and corporate growth go together?
Growth has to be redefined. Purely quantitative growth should be replaced in favor of qualitative growth. For this, we need a political and social framework so that people and companies can move towards a future based on sustainability principles with equal security. In my opinion, Europe is on the right track here with its Green Deal and the so-called circular economy. Without social, political and technical innovations, economic innovations will not last. Everything has to work in harmony together so that we have a level playing field in Europe. We have a big task ahead of us.
What are some of the most common managerial mistakes you have seen in recent years?
Firstly, short-term thinking and actions by managers who only have their own careers in mind and not the long-term development of the company. Secondly, rigidly sticking to existing structures and thought patterns instead of thoroughly renewing the company. Thirdly, unscrupulous undertakings without regard for the interests of employees, society and the environment.
How do you see entrepreneurial responsibility?
The social market economy and the rules of ethical business should once again receive more attention. Freedom of economic activity and social responsibility towards all stakeholders are two sides of the same coin. However, the vast majority of business people do adhere to both of these principles.
How do you see the role of government?
In a social market economy, the state has the important task of defining the framework through laws and therefore setting boundaries. However, these boundaries should not be confused with excessive bureaucratization. This only hinders and slows down business activity. With a view to our future viability in particular, we definitely need more digitalization, more support for innovation and more entrepreneurial freedom.
In the debate on the fair distribution of wealth, there are demands for higher taxes on inheritances, assets and top incomes. Do you agree with these?
I don’t agree with repeated taxation of assets which have already been taxed. Taxing capital in this way would lead to a situation where medium-sized companies especially would have to pay taxes even if they made losses. This would cost jobs and stand in the way of growth. If the state has exhausted all cost-reduction options, I could imagine increasing the top tier of taxation. Anyone who is making decent profits, particularly as an entrepreneur, should also pay corresponding taxes, and I mean in Germany.
In your opinion, what will the USP of Germany as a location for businesses be in future?
The advantage of Germany as a business location will continue to be its high innovative strength combined with well-known German virtues such as thoroughness, punctuality and good service.
Do you like the idea of a United States of Europe?
I don’t think it would make much sense to go that far. It starts with the fact that in Europe – unlike the USA – we don’t all speak the same language. However, we should harmonize our financial and business policies more, develop a common defence policy and also become more independent in the extraction of energy and raw materials.