15 May 2012

Innovation requires a new economical model

Our recent history has been dwelling incessantly on the tension between two extreme economical models: the American free market with its capitalist (lack of) rules, and its socialist counter model. In spite of the capitalist victory, we are nonetheless unconvinced of whether its practices and vision are the ones that can best fit our needs. And if we stop for a moment to think of the contrast between the fast paced changing world and the linger of capitalism as our only, and limited, economic philosophy-we get to realize it is a bit absurd, isn’t it?

When we consider the fundamental reasoning behind the unification of the European continent, we notice the intention of picking up the best practices of each nation, identifying and removing the weaknesses, and forming one model that combines and amplifies the best of each. A model where flaws are gradually eliminated, strengths are coordinated, and diversity sheltered as an eternal source of inspiration.

Did we ever reflect on the possibility that the failure of materializing this noble intention was bound by our philosophical rigidity? If innovation is what Europe wants, then we need to escape old patterns of thinking, accept the lessons of our past and present, act upon them and start afresh-not from the top down, but from the bottom up.

For further insights, you can have a look at this article.