We are not quite a quarter of the way into the 21st century, but already a few clear structural trends have emerged, even if it is impossible to predict the next “black swans” — radically unpredictable events with far-reaching consequences – that might occur. Here are four of the trends.
Since 2000, Europe has stagnated on many fronts — anemic growth, a crashing birth rate, military disinvestment — from which countries such as Belgium and Germany have still not emerged. Perhaps most worrying of all, according to criteria such as patents, capital investment, and stock market giants such as GAFA (Google, Apple, Facebook, Amazon), Europe has stopped innovating. People innovate in the United States; they still innovate in Asia, but in Europe – hardly at all. If you add to this the European Union’s obsession with the environment, which has become little more than a machinery for imposing constraints, vexations, punishments and taxes in the name of “energy transition”, it appears that stagnation is a problem from which Europe might have the greatest difficulty in freeing itself.
