For much of the past decade, artificial intelligence has been discussed as though it were simply the next chapter of the software industry. The language reflects this assumption. We talk about models, algorithms, applications and startups. The focus tends to be on researchers, entrepreneurs and technology companies. The implicit image is familiar: talented engineers writing… Continue reading AI Is Not a Software Industry
Author: Jörgen Eriksson
Why Europe Does Not Have a Startup Problem
Europe does not suffer from a shortage of entrepreneurs. It suffers from a shortage of scale. That statement may sound provocative at a time when policymakers continue to focus on innovation and startup ecosystems. Yet the evidence increasingly points elsewhere. Europe produces world-class research, vibrant startup communities and a growing number of successful technology companies.… Continue reading Why Europe Does Not Have a Startup Problem
The Return of Place in a Regionalising World
For much of the last three decades, the dominant narrative was that geography mattered less and less. Capital moved freely across borders. Supply chains stretched across continents. Digitalisation appeared to make physical location increasingly irrelevant. The assumption was that competitiveness would be determined primarily by technology, scale and access to global markets. Today, that assumption… Continue reading The Return of Place in a Regionalising World
A New and Welcome Nordic Consolidation of Strength
In his address at the World Economic Forum in Davos in January 2026, Canada’s Prime Minister Mark Carney pointed to an uncomfortable reality: in a world where great powers once again dominate the playing field, mid-sized economies risk marginalisation – unless they act together. This is not an abstract observation. It is a direct description… Continue reading A New and Welcome Nordic Consolidation of Strength
Institutions don’t just enable markets – they shape outcomes
For much of modern economic thinking, institutions have been treated as the quiet enablers of markets. They provide stability, enforce contracts, define property rights and ensure that transactions can take place with a reasonable degree of predictability. Get these foundations right, and markets, it is assumed, will allocate resources efficiently and deliver growth. This view… Continue reading Institutions don’t just enable markets – they shape outcomes
Schumpeter’s revenge: why creative destruction is back at the centre of capitalism
For a long period, Joseph Schumpeter’s idea of creative destruction felt almost too blunt for the modern economy. Growth appeared smoother, more managed, more incremental. Innovation was celebrated, but disruption was often contained – absorbed by large firms, regulated by states, financed by abundant capital. That era is ending. Schumpeter is becoming relevant again –… Continue reading Schumpeter’s revenge: why creative destruction is back at the centre of capitalism