In 1959 the SPD adopted the "Godesberger Programm", named after the town of Bad Godesburg in North Rhine-Westphalia. The SPD formally abandoned Marxism, and accepted the market economy (which means people and companies can make money and keep it themselves), but wanted to have a social balance (which means people would get help from the government if they had no job, were sick or too old to work, instead of relying on savings or charity). Companies might get subsidies to help keep people in work.