He was also director of the Oswald von Nell-Breuning Institute for Economic and Social Ethical Studies of the Jesuit Sankt Georgen Graduate School of Philosophy and Theology in Frankfurt.
When the system has been restored, the state may withdraw again, and the old imbalances prevail: the power of the banks versus the impotence of politics, the strong position of employers in comparison with that of their employees, the constant reduction of means for public welfare, and the mindless destruction of our environment.
[1] As a member of the advisory committee of the Association for the Taxation of Financial Transactions and for Citizens' Action (Attac), Hengsbach takes part in numerous discussions, debates, talks and lectures on the various aspects of globalization.
[5] He sees a close connection between globalization in its present form and the kind of capitalism which he criticizes - characterized by a lack of "solidarity and justice".
[1] Prizes Friedhelm Hengsbach was awarded include the Gustav-Heinemann-Buergerpreis, the Regine-Hildebrandt-Preis für Solidarität bei Arbeitslosigkeit und Armut, the Marburger Leuchtfeuer and the Walter-Dirks-Preis.