Waltraud Schelkle and Erik Jones on the Draghi report: bold vision or missed opportunity

📺 In this #EUIUpFront video conversation, Erik Jones, and Waltraud Schelkle share a lively discussion on the strengths and weaknesses of the Draghi report. 📌 The new #EUIUpFront conversation series brings together EUI scholars to discuss the hottest topics of our time, from diverse angles, perspectives, and disciplines. ➡️ Waltraud Schelkle is Professor and Director of Research at the EUI Department for Political and Social Sciences and Joint Chair at the Robert Schuman Centre for Advanced Studies. Prior to the EUI, she was Professor in Political Economy at the London School of Economics and Political Science (LSE). Professor Schelkle is the author of the book ‘The political economy of monetary solidarity: understanding the experiment of the euro’ published by Oxford University Press in 2017. ➡️ Erik Jones is Director of the EUI’s Robert Schuman Centre for Advanced Studies. He is editor or co-editor of books and special issues of journals on topics related to European politics and political economy, including The Oxford Handbook of the European Union (2012). Professor Jones’ commentary has appeared in the Financial Times, the New York Times, and other major newspapers and magazines across Europe and North America. 00:00 - Introduction 00:41 - Is the Draghi Report Too Harshly Judged? 01:06 - Echoes of the 1980s: Old Problems, New Reports 02:08 - Can Reports Like This Actually Lead to Progress? 02:43 - Disruptive Innovation: AI, Decarbonization, and Rearmament 03:40 - The Cost of AI: Energy Use, Jobs, and Billionaires 04:52 - Can We Boost Productivity Without More Labor & Capital? 05:52 - The Social Disruption of Innovation 06:48 - The Role of Government in Directing Innovation 08:02 - Why Is the Report Focused on Old-School Industries? 08:56 - State vs. Market: Where Should Investments Be Directed? 10:06 - AI in Security: A Game Changer or a Threat? 11:25 - The Future of Warfare: AI, Drones, and Economic Sanctions 12:52 - Lessons from Ukraine: Efficiency in Military Production 14:05 - Three Industrial Models: Where Does Europe Fit? 15:09 - A Shift in Market Competition Norms 16:02 - Greenwashing and the Illusion of ESG Progress 17:07 - What Draghi Should Have Read Before Writing This Report 18:32 - The Human Economy: What AI Can’t Replace 19:52 - The Problem with Measuring & Taxing Productivity 22:57 - The 800 Billion Euro Question: Who Pays? 23:47 - Final Thoughts & Closing Remarks