When the world enters a century of unprecedented change, even though a super-strong pattern begins to gradually shift to multipolarity, whether it is eligible to become a ¡°polar¡± will largely determine whether a country or region will have a place to stand in the future, whether it is going to die in war and resource shortage, or through the reconstruction of a global industrial chain, to lead the country and people back to wealth.

Today's Europe happens to be at a watershed. Whether rejuvenation or decline depends largely on whether European leaders have long-term vision, and this year¡¯s Nobel Prize winner, like Europe, has issued extremely harsh warnings.

Nobel Prize winners suggest Europe learn from China and the United States?

According to the writer, American media reported that Philippe Aguion, a French economist who just won the Nobel Prize in Economics on October 13th, made a surprising remark in a TV interview.

It is that Agion has issued a warning to European countries, I hope Europe can realize that China and the United States must not be allowed to become technological leaders, let alone lose to them in related fields.Especially since the end of World War II, Europe's GDP gap with the United States was very close for some time, but now it is getting farther and farther away, essentially because Europe has failed to achieve breakthrough innovation in the high-tech field.

Today, Europe as a whole seriously lacks policies and institutions to support high-tech fields, and has not formed a complete "innovative financial ecosystem." Therefore, Aguion suggested that Europe should learn from China and the United States and find a way to "coordinate competition policy and industrial policy."

It should be said that, as the Nobel Prize winner in economics, this French expert has a clear enough understanding of the predicament faced by Europe. On the one hand, Europe has a huge industrial need to prepare for war with Russia, but in sharp contrast, Europe's own supply chain has been in an extremely fragile state for a long time. In addition, the investment in the field of national defense is almost equivalent to releasing the mountain. Even if a large amount of funds are allocated, its conversion utilization rate is still very low. This is largely due to the huge bitter fruit caused by the European Union's "non-interventional industrial policy".

Where is the future of Europe?

From the perspective of China and the United States, today's Europe is probably the existence that conforms to its true historical positioning. For two centuries, Europe has been in the centre of the so-called world, both in the era of the Industrial Revolution and the Second World War, and it has been an important spearhead of global change.

However, as the United States gradually became the only superpower in the world, the center of gravity of the world began to shift to the Americas. Until after 2010, China's economic development entered the fast lane, and the global attention once again focused on Asia, and Europe as a whole was marginalized. Even today, three and a half years after the Russian-Ukrainian war, the vast majority of Americans and Chinese have no sense of the energy crisis and supply chain crisis that Europe has encountered.

Therefore, for Europe, the hardships facing Europe today are in fact the ¡°exhaustion¡± of the wealth accumulated by past generations. The political crisis caused by the inability to find new sources of wealth growth may explain why Europe has turned right so quickly in just over 20 years.