Nobel laureate on Polsat News warns Europe. "This is a problem"

Philippe Aghion, a Nobel laureate in economics, discussed Europe's innovation challenges during an interview on Polsat News. He highlighted that Europe is lagging behind the US and China due to a lack of innovative development and risk-taking culture. Aghion emphasized the need for educational reforms to teach young people about failure as a positive aspect of learning. He criticized the overregulation in the European market, stating that it hinders innovation and that the idea of a unified market in the EU is unrealistic due to varying national regulations. Aghion concluded that while Europe has maintained peace, its regulatory environment stifles economic growth.