For example, the Expert Commission for Research and Innovation (EFI) recently complained that new ideas and ﬁndings from universities and non-university research institutions are often not being utilised. [30] The OECD also recommends that Germany boost its investment in knowledge-based capital and increases its access to later-stage venture capital. [31] Going forward, innovative power will be particularly crucial in order to overcome the major challenges our economy and society faces, including the transfer to a climate-neutral economy, demographic change and digitalisation with all the opportunities and risks it entails.
I believe it is important for burdens to be shared fairly – including between the generations. [32] The younger generation in particular could be put at a long-term disadvantage as a result of the coronavirus pandemic, as many children and young people’s education has suffered.