Isabella Weber

speaker

207 appearances 1 recordings 1 series first heard Sep 2024 last heard Sep 2024

Isabella Weber’s voice in public audio — every appearance, attributed to the second.

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Odd Lots · Lots More With Isabella Weber on Draghi's EU Competitiveness Report · 13 Sep 2024 podcast

You kind of have a gap.

You could have a much more sophisticated toolbox to deal with these shocks.

And I mean a lot of the things that Draghi's talking about in terms of investments, in terms of strategic reorientation,

um of sectors in terms of resilience um could also be used to make these um sectors more resilient to price shocks, right?

And I think this is kind of a a bit of a missing piece in the puzzle.

Absolutely.

And I think it's actually quite remarkable how there is some sort of a pretext, both in the US and in Europe, that basically they now need industrial policy because China is doing it.

So we can no longer not do it.

What is missing from my

point of view is that actually China has not just been in d doing industrial policy as a kind of sector level one off policies, but has actually been thinking about reindustrialization from the perspective of system reform.

So it's always been like kind of from this perspective, how do you change the system as a whole?

Where the price question, inflation question, macro stability questions are integrated with the question of changing specific industries.

And that is actually, I think, something that hasn't quite taken on yet in in Europe and the US.

Raina Farouha at the FT was re recently had this op ed where she was saying that basically we need much more systems thinking in all these initiatives that currently run under the label industrial policy, which makes it

Sound as if it's about specific industries, it's about innovation policy, but where really what we need is more of a systemic approach, right?

I think the same I I would say about the Draghi report, where we have several elements of systems thinking.

Like when he talks about more coordination and so on, he's kind of walking in that direction.

But then he's talking about prices without talking about interest rates and inflation.

So kind of this like major link with the macroeconomy is missing, which I think comes from.

lack of this kind of like system thinking.

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