Social democracy is in one of the most severe crises in its history. In the last federal elections, the SPD suffered a significant defeat. But not only they, almost all social democratic parties in Europe are declining in voter favor. What is going wrong? Peer Steinbrück, a combative social democrat and the SPD's chancellor candidate in 2013, seeks in his remarks as a comrade ways to renew social democracy and clearly outlines his key points: containment of digital capitalism, combating growing wealth inequality, the courage for a new debate on identity politics, deepening the European Union, and greater engagement with young voters. Ralf Dahrendorf outlined the "third way" in a famous essay on the plight of social democracy more than thirty years ago.