Our productivity growth is collapsing: in 25 years, GDP per capita has become 1\/3 lower than that of the US.<\/p>\n
Three-quarters of this gap is explained by lower productivity.<\/p>\n
The culprit = digitalization, without which the productivity growth of the two blocs would be identical.<\/p>\n
Another major handicap: 60% of companies suffer significantly from energy prices, a major obstacle to investment, and consequently, they spend half as much as their American counterparts in the vital sector of Research.<\/p>\n
We must develop a genuine long-term economic policy with TWO axes and ONLY TWO: invest massively in the sectors of digitalization (and AI, of course) + energy.<\/p>\n
These absolute priorities are not at all incompatible with our levels of social protection, AND will also have the side effect of addressing the most important source of income inequality: unemployment.<\/p>\n
Any increase in spending will naturally be self-financed \u2013 even in the short term \u2013 by focusing our public policies on these two major axes.<\/p>\n
Also:\u00a0fundamentally reform the status of the ECB.<\/p>\n
Did you know that, while our central bank’s sole mandate is to combat inflation, the US Federal Reserve has TWO mandates: inflation, of course, but also \u2013 with equal priority \u2013 the promotion of growth.<\/p>\n
This is what is known in jargon as the “dual mandate” and \u2013 believe me \u2013 it changes everything!<\/p>\n","protected":false},"excerpt":{"rendered":"
Our productivity growth is collapsing: in 25 years, GDP per capita has become 1\/3 lower than that of the US. Three-quarters of this gap is explained by lower productivity. The culprit = digitalization, without which the productivity growth of the two blocs would be identical. Another major handicap: 60% of companies suffer significantly from energy…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648942660,648942661,648942662],"tags":[],"class_list":["post-26294","post","type-post","status-publish","format-standard","hentry","category-economic-growth-2","category-investments","category-national-priorities"],"yoast_head":"\n