I didn’t study economics; I was too nerdy back then. It turned out interesting first when I learned about complex systems, and now with the impact of AI on society.
This week a piece caught my eye saying “Europe’s productivity gap with the US is a mirage”. Paul Krugman argues that standard productivity comparisons between Europe and the US are misleading, driven almost entirely by America’s tech sector. While for the rest, productivity adjusted to purchasing power has been equivalent.
Still, being in tech gives me the feeling that we can’t ignore its importance in how world’s economies and societies will play out. I can’t help but feel that Europe isn’t doing enough innovation, at least not fast enough. But I’m optimistic about entrepreneurs driving change where politicians fail.