The well-known political expert and futurologist Daniel Dettling spoke in an interview with Kurier about the future of efficiency- and price-driven capitalism. Like FAW/n, he believes that this form of market economy has become outdated due to its inefficiency and will be replaced by an eco-social market economy.

In the interview, conducted as part of this year’s Municipal Summer Talks in Bad Aussee, Dettling commented on the policies of individual countries as well as on Africa and the EU. In his view, Europe will grow closer together as a result of the coronavirus crisis and evolve into a “solidary federation of states”. The EU’s advantage, he says, is that it is “freer than China and more social than the USA”. European data and property protection could also become globally attractive in the future and serve as an incentive for major companies. Dettling identifies India and Africa as the rising powers of the future, emphasizing that Europe must strengthen its engagement in these regions.

When asked what lessons can be learned from the current economic crisis, Dettling replied: “The solution can only come from a combination of health and environmental protection that leads toward innovation and new technologies”. FAW/n has likewise made it its mission to link research into new technical options with biological solutions to help overcome the current global energy and climate crisis.

You can read the full interview here.

Image source: Daniel Dettling