The opening ceremony

At the Festival of Economics, questions of meaning to read the future

The Festival of Economics opens with a message from the Pope and asks the fundamental questions to understand the future

7' min read

7' min read

The opening ceremony of the 19th edition of the Festival of Economics starts with an unexpected message, read by the editor-in-chief of Sole 24 Ore Fabio Tamburini to the audience. It is a message from the Holy Father: "During the festival you will be asked to reflect on themes that are particularly dear to me. Important reflections for those who care about the future of humanity," writes Pope Francis, who cites the current "threats to peaceful coexistence", and the "dilemmas of epochal scope" of our time. "Never as today does man yearn for the primary good of peace," he continues. The Pontiff goes on to refer to the "crisis of values", "climate change" and "the urgency of new and far-sighted responses". It is necessary to "overcome the temptation of superficiality", confronting history, "teacher of life"; dialogue with sincerity and humility to sow "harmony and concord for the future of the new generations".

The letter introduces the themes of the Festival, summarised in the title 'Quo Vadis, the dilemmas of our time'.

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Starting with uncertainty, of which Edoardo Garrone, president of the 24 ORE Group, speaks, 'In the last four years, macroeconomic scenarios and references for companies have changed. No one would have predicted such a sudden rise in interest rates. No one would have predicted the Russia-Ukraine war, with the exponential rise in the cost of energy commodities, especially gas, and no one would have predicted its subsequent collapse in a few months, to name but a few. I speak as an entrepreneur, and I see how difficult it is now to have scenarios. It is difficult to say where we will be in four years and with what results. Because scenarios are unstable. In such emergency scenarios, governments, rightly, have to intervene, but this changes the scenario again. Like when we thought we were going to run out of energy in Europe, and the governments' measures were providential but at the same time they slowed down the goals of the energy transition, reactivating coal-fired power plants. So industrial and energy policies must be as stable and long-term as possible. If, on the other hand, it becomes a continuous decree, the system goes haywire. I am not here to complain, but to understand from the experts here, what their vision is, I won't say 20 years, but at least four years.

Maurizio Fugatti, president of the Autonomous Province of Trento, observes that 'among the five Nobel Prize winners present at this festival, there are two for peace. In a difficult moment like this, important elements can come out of these meetings to cool the situation. The Festival is continuing to grow. And I believe it is becoming the reference event for the world of business and enterprise on a national level. This gives us great pleasure, not least because it is an event where you are able to dialogue with those who attend, between auditors and speakers. We are in our third year of organisation by Il Sole 24 Ore, and we have renewed for another three years'.

Flavio Deflorian Rector of the University of Trento: 'I start with humility, a concept cited by the Pontiff. I believe that the university world too must face this context in which it is difficult to make predictions with humility. One might ask: so does it make sense to ask "quo vadis"? I believe so, especially from the point of view of young people going to university, who pose important issues and questions, perhaps not always in the right way. The festival is a moment of personal growth, what we do as a university is to give tools to generations that are faced with this uncertain scenario. It is difficult for a 20-year-old to live not knowing what is in front of them. We can give them tools for listening and critical thinking. This festival is an arena where all this is practised and for a university like ours, a great opportunity. And at least asking the right questions is a good starting point'.

Mirja Cartia d'Asero, managing director Gruppo 24 ORE, comments: 'From 2022 to today, the Trento Festival of Economics has been a crescendo of events, popularity and attention. More than a festival it has become a celebration, people are curious to see, know and learn. The Holy Father's words were as unexpected as they were welcome. In the face of this moment of great complexity, what is the festival? I believe it is a moment of intergenerational dialogue, where we do not just give information to young people. The flow is not one-way, but it is an exchange. I aim to listen first and foremost, also to the young people, to whom we wanted to speak with the Fuorifestival: a meeting ground with their languages. A leitmotiv, that of approaching young people, which is very important for our Group'.

Franco Ianeselli, mayor of Trento, starts with a joke: 'We apologise for the rain'. And then: 'It is nice that Trento during these four days tries to be the world capital of free thought. Here, simple answers do not count, but asking questions about where we are going and having the opportunity to stop and reflect'.

Maurizio Rossini, managing director Trentino Marketing: 'It is a source of satisfaction to have seen so many young people today. Some of them look lost, but I believe that most of them have good ideas and can grasp the opportunities of this world. We want to bring optimism and the message that ideas are feasible. Only in this way can we offer Italy this energy and ideas, otherwise they go abroad'.

This was followed by a dialogue between Gianfranco Ravasi, President Emeritus of the Pontifical Council for Culture, and Lavinia Cigna Biagiotti, President and CEO Biagiotti Group.

For Cardinal Ravasi, 'We are and must always seek meaning. Through this parable we ask ourselves about a fundamental question. I express it in the words of a great playwright, Bertolt Brecht, 'I am sitting by the roadside. The driver is changing the wheel. I do not know where I come from. I do not know where I am going. So why am I waiting so impatiently for the wheel to be changed?". Here you understand the search for meaning, "quo vadis", is the question of society itself. And then, quoting Wittgenstein: "What I wanted to search for was the contours of an island. What I discovered, in the end, were the borders of the ocean'. And that is why, says Ravasi, 'when we ask ourselves where we are going, we too must not be satisfied with historical and social coordinates, but ask ourselves a question of meaning by looking beyond the shoreline'.

Ravasi then speaks of the need to recover the concept of truth. "We have reached the point of talking about post-truth. I believe we must recover an objectivity of truth'. "The demand on truth is fundamental within contemporary culture that is entrusted to a continuous flow, often negative, with attacks on others". Today 'the rhetoricians and not the wise rule the world'. . Then a final message 'that I ideally leave as a farewell', a poem by Mario Luzi, 'I would like to arrive at the gate'. Which concludes as follows: 'What is needed, I believe, is a liberation, a sort of purifying burning of the vaniloquy to which we have abandoned ourselves and of which we have become complacent. Let the bulb of hope that is now hidden under the soil cluttered with rubble not die, waiting to bloom at the first spring'.

Lavinia Cigna Biagiotti, President and CEO Biagiotti Group, talks about the history of her company, 'I am the third runner, I started running at the age of 18 when I lost my father. I often ask myself where I would go, as my mother taught me: to put myself in front of a blank sheet of paper, detaching myself from digital devices, on which I try to write something that makes sense for the many people who work in this company and for our country'. And finally: 'My search for meaning is to dialogue with Rome and leave a small trace - fashion is often labelled as a vanity fair. Instead with our work we try to create value, to find a drop of eternity from this ephemeral'.

Once the dialogue between the two protagonists was over, Fabio Tamburini, editor-in-chief of Il Sole 24 Ore, Radio 24, Radiocor, and chairman of the Scientific Committee of the Trento Festival of Economics, intervened: 'Uncertainty scenarios are the order of the day, we live in a scenario of total uncertainty. The dilemmas of our time are many and our ambition is to bring a small but significant contribution to sow knowledge, because only from this comes awareness and the possibility of being protagonists'. "The principle of delegation cannot work, we all have to feel responsible, because otherwise it ends up that the decisions are taken by a few, but the consequences are borne by many. We must be ready to intervene in reality, we are not talking about the future but about our present,' said Tamburini, saying he hoped that 'this Festival can offer a contribution to answer questions and to start a path towards a future of peace'. Tamburini recalled that, in recent years, 'we have been protagonists of extraordinary events, which bring incredible uncertainty. We thought of the pandemic as an extreme scenario, a hypothetical risk, an unthinkable scenario drawn up by insurance companies, instead it really happened. It seemed that war scenarios in Europe were a thing of the past, instead we are living the conflict in Ukraine. The mechanism of globalisation, which I thought was a model of relations destined to last forever, has jammed, perhaps it will return with other models. Who thought double-digit inflation would return to the western world?"

Concludes Federico Silvestri, general manager media & business Il Sole 24 ORE, speaking of the Fuorifestival, which aims to 'bring younger audiences closer to new languages. Young people are attracted by a piece of content, and then, as has happened many times, they also queue up to listen to a Nobel Prize winner'. We 'refer to what for us is a less proximate target audience, by having creators, influencers, but also artists. We choose them not only to show us their art, but they come here to tell their stories and listen to questions from the audience. We contaminate the festival with entertainment because it is entertainment that has content".

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