I can't completely blame them for the skepticism, it was a new idea at the time and many people would've rather stuck with the tried and true rather than titanic financial experiments.
To be clear, the SPD wasn't against social spending. The Ebert-Hilferding finance ministry increased social welfare spending.
But they tried to balance the budget most of the time.
I think the SPD even called their fiscal and monetary policy, ''sound finance socialism.''
Absolutely degenerate phrase by modern standards, but most people didn't realize how wrong it was back then.
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The profit motive (that is, the *exclusive* use of *limited* resources for personal benefit) is a remnant of prior economic systems that were predicated on scarcity.
We also know that ideologies favoring hierarchy and (e.g right-wing ones) are based on a scarcity mentality.
Social classes and economic inequality are not inevitable, they are the result of underlying methods that humanity uses to produce for its survival.
We can see that humanity becomes more egalitarian as production resources develop and become more abundant.
The move from feudalism based on *scarce* natural resources (such as land) to capitalism based on *abundant* reproduced resources (machines) reduced many hierarchies.