Technocracy Can’t Fix Europe by Alberto Alemanno
A new private initiative bringing together the crème de la crème of European business, financial, economic, and tech elites could well prove useful in kick-starting European growth and innovation. But first, it must recognize that the problem it hopes to solve is fundamentally political.
ALPBACH—The Rhine Group, launched this week with the goal of restoring Europe’s capacity to innovate, grow, and compete globally, is an unusual initiative: a private club assembled to do what public institutions are supposed to do. Nonetheless, it has brought together many household names, with former European Central Bank President Mario Draghi and the tech entrepreneur Patrick Collison serving as co-chairs. Luis Garicano, an LSE economist and former liberal member of the European Parliament, is the executive director.
