Commission calls for 'third industrial revolution'

This will never happen as the EU leaders and Mandarins are their own worst enemy, as they only listen to themselves and their so-called 'wise advisers. That is where the building falls down as the 'right' foundations are never put in place to create future economic dynamism.

Even the unemployment problem is self inflicted by the EU and could have been avoided in perpetuity if the leaders and mandarins had listen years ago. Indeed employment would still be increasing even in these harsh economic times throughout the world. The creation of new advanced technological markets is at the very heart of this continual solution to constantly create jobs. The youth in the EU deserve a great deal better and change in the mindsets of our leaders has to come to provide better times for them.

For the biggest reason why the EU is in the terrible constantly unfolding socio-economic disaster is not all to do with inept politicians and unscrupulous bankers with no empathy with society, but a total lack of not having a driving economic policy based upon innovation and its exploitation. In this respect one can never get away from the fact that ALL real and ‘New’ wealth is technologically based. When we look at the history of the world, advanced technological concerns have always been at the leading-edge of the wealthiest and most powerful entities in the world. The reason, new technology makes old thinking and established technology redundant over time. The great companies of the world that we presently have are predominantly technologically driven. ‘Apple’ is a prime example of how technology can drive at times a corporate to the very pinnacle of the world’s richest companies. Not that long ago in relative terms, it may have gone bust. Therefore technology turns around the financial fortunes of corporations and creates vast numbers of jobs in the process.

Therefore the EU’s problems are firmly based in not having an innovative structure that exploits this fundamental building block of economic dynamism. The ‘elites’ in the EU may think that they have but where they are simply deluding themselves and the 750 million Europeans within the EU. Indeed if the European Commission thinks that they have got it so right, why are we in constant stagnant waters when it comes to the global export markets where they decline more than advance year on year?

What the EU has to do for its survival is to create the pan-European infrastructure that allows innovation and its exploitation to flourish. Presently we have not got this even though the ‘élites’ think that we have. Common sense dictates that we have to have new fundamental thinking first and not research and development first, which the EU leaders and mandarins think is the correct step-wise mechanism - they simply leave out the most important, the fundamental creative stage which is the most vital for our future.

It is time to save the EU if it wants to be saved. There are differing views on this but exist or not, the successful or dire effects will be on the people of Europe, not the bureaucrats who decide our futures. Therefore not until we have a totally integrated system that is working throughout the whole of the EU when it comes to innovation, we shall continue in decline. Why cannot the powers that be see the reasoning in establishing a pan-EU system of creative incubators, for that is where the long-term prosperity of Europeans resides (the most creative people in the world through international studies)? But possibly this is because they do not understand. The reason, they never wish to think-out-of-the-box and to listen to those who just might have the solutions. Elitism I am afraid will be the death of us economically and socially over time !!!

Dr David Hill
Chief Executive
World Innovation Foundation