“The Pinanelial Times of ~th October reported: 1778 “Jest Germany's social Democrats, who have at the very least an outsider's chance of entering the Federal Govermmont after the selection in 1965, have come out for an economic policy relying on market forces rather than plarming. Socialist belief in nationalisation went out of the window several years ago. Planning, except in the loosest sense of the word, has now gone the same way. As Herr Willy Erandt, the SPD potential Chancellor, put it at the week-end, the Party is not putting its faith in starry-cyed dogma.
"Herr Brandt was speaking at the conclusion of a three-day forum on economic policy, which the SPD had arganised, He specifically gave his support to Dr. Karl Schiller, a member of the Berlin City government, who in the keynote speech of the conference declared that tho omms of proof that planning is necessary lies squarsly on the planners themselves.
“Dr. Schiller rejected the French planning methods, by which industry by industry investment targets are recommended though not actually imposed, 411 he would entertain was the drawing up of a “national Budget" which would give industry an idea of how the authorities expected the economy as a whole to develop. "The triple combination of a market economy, of overall guidance by fiscal and monetary means, and of a welflare policy has proved to be the up-to-date approach,” Dr. Schiller declared, The sentinent could be subscribed to by Dr. Erhard himself.
™ deeper gulf is fixed botween the Social Democrats and their opponents on the amount of influence to be given to.labour in the management of business,"