Europe needs national champions, now
Episode description
Europe faces an existential crisis. Long an innovation, technology and manufacturing hub, its greatest companies and wider industries have been hit hard by competition from American tech giants like Google and Chinese manufacturing powerhouses like BYD. Multiple prominent reports have circulated about how the European Union can rapidly respond before its economy struggles even more (this week, Germany announced that its economy will not grow in 2025, for the third year in a row).
Today, Marko Papic makes the case for Europe — even against the tough competition. He’s a macro and geopolitical expert at BCA Research and a delightful guest with a panoramic perspective on the world’s current geopolitics, past and future economic history and the potential for technology to upend the global order.
Joining host Danny Crichton and Riskgaming director of programming Laurence Pevsner, Marko talks about why he’s bullish on Europe, counters the idea that America is more deregulated, discusses why Europe needs a 28th “digital state” and why national champions are critical for success, describes how Europe can balance between the U.S. and China and finally, offers why he is optimistic that disruptions globally will actually accelerate innovation rather than slow it down.
Produced by Christopher Gates
Music by George Ko