The March 2024 Investing in Productivity Growth Report from the McKinsey Global Institute is merciless: Italy presents negative economic growth in the period 1997-2022. Other nations, classified as high income, do not show substantial growth (1%) but, nevertheless, show a positive sign. Italy doesn't. In almost a quarter of a century, the Bel Paese has shown all its limits of political, social, economic and financial vision. A Caporetto of the entire Italian system: the educational one (schools and universities), the entrepreneurial one, the political one (national and local), the control and criticism one (media). Lack of vision, decision-making skills, political culture. This is enough to disturb the night sleep and daytime thoughts of the economist Luca Solari, full professor at the State University of Milan.
Professor, in a recent post you spoke about the failure of the Italian system and the lack of growth. Are there any levers to reverse the current trend?
«The productivity gap is the real problem of our country. Today we are also experiencing it in terms of the impact on people's wealth. The levers start, first of all, from choices: we must understand that public investment must go into those areas where there is greater possibility of growth. This will mean sacrifices but sacrifices that must become selective. We must ask the public system for a guarantee of an investment with productivity growth objectives in any form of support. We can no longer afford to invest solely in the maintenance of assets as happened, for example, with the superbonus initiative."
Do you think that politics is solely responsible for this failure?
«No, politics is part of a system that is divided into many interest groups, many coalitions, often not completely visible because ours is a country that has never brought out the phenomenon of lobbying; Unfortunately, these opposing balances arise in public decisions. Italy is able to recover only when it reaches the deepest crisis. These components do not see the general interest and focus too much on the defense of the specific one. We need a profound cultural transformation in all our elites, managerial and political."










