One EU positive: recent geopolitical shocks (Ukraine, energy independence, hard power) have awakened European consciousness to the need for physical infrastructure and capability-building; defense spending increases to 5% GDP could benefit broader economic capacity—but only if done efficiently rather than captured by incumbent interests.
forecastpending
Speaker
Unidentified Speaker — Tyler Cowen on how AI will reorder economies, schools, and … [3Bc_eXNCvlg]Evidence Quote
“Europe...it's woken up...to hard power...energy independence...might mean...shovels going into the ground and things really being built...which historically has been quite a good thing for for economies.”
Created: 8/11/2026, 7:33:25 AM
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