The social market economy had already lost its substantive power before the Corona crisis. Now it has finally been replaced by the insurance state. The predetermined breaking point is the monetary system.

Societal prosperity does not arise by fate or chance, but is dependent on conditions and regularities. There are various explanatory approaches.

The honourable financial merchant presupposes a functioning social order. Players in the financial market must invest in a common understanding of the game that is upstream of the rules.

The time is ripe to revitalise the culture of the honourable merchant and its application as an honourable financial merchant.