16:25 2 May 2026
Nobel laureate Philippe Aghion: AI can trigger social rebellion
Philippe Aghion argues that artificial intelligence could become the most powerful driver of innovation in modern history, but only if governments manage its social impact. AI is likely to boost productivity sharply, potentially lifting growth by about 0.7 percentage points y/y, while also disrupting labor markets through “creative destruction.” Jobs will be lost and created, and without proper support, frustration could fuel populism and slow progress.
Aghion believes Europe has an advantage over the United States thanks to stronger social systems. He points to the “flexicurity” model, which combines labor market flexibility with robust worker protections and retraining. While critics like Daron Acemoglu expect smaller gains, Aghion sees large potential already visible at the company level. He warns that weak competition and excessive corporate influence, especially in the United States, could limit innovation. In his view, Europe can compete globally if it balances regulation, innovation, and social stability.
(pb.pl)
