Helmut Schmidt was wrong – or how a 60 billion franc vision could save Switzerland

The article contends that Switzerland, despite its potential, is hampered by a lack of ambition and a defensive approach to its future. It critiques the prevailing mindset, often associated with Helmut Schmidt's dismissive quote about visions, which it argues has stifled innovative ideas. The author suggests that this "Schmidt's law" has had a lasting negative effect, preventing the nation from pursuing forward-thinking plans.

Switzerland's current discourse, particularly around pension reform and the proposed 13th AHV pension, is characterized as narrowly focused on financing gaps rather than future-proofing the nation. The piece argues for a shift away from a static, protectionist approach towards a dynamic mindset that fosters innovation and growth. It points to the "Vision 2035" initiative by fifty CEOs as a nascent step, but emphasizes the need for more fundamental changes to secure future value creation.

The author highlights Switzerland's untapped potential, particularly in artificial intelligence research, where it boasts a high number of researchers relative to its population. The ETH Zurich alone produces around sixty startups annually, with half focusing on AI. However, this innovation is not being adequately supported by venture capital. Despite managing over 1.2 trillion Swiss francs, the country's 1,300 pension funds are hesitant to invest the allowed 5% (60 billion francs) in venture capital due to a combination of fear and lack of knowledge, hindering the development of future unicorns.

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Those with visions should go to the doctor.