'Breaking the bonds of freedom': Nobel laureate on the success of China's economy

The strongest obstacle to technological progress is the defense of the position of those who have succeeded in the past. Economic growth is a conflict that requires the destruction of what has been created before. For growth to become sustainable, we need social mechanisms that support innovation. These are the main ideas of the winners of the Nobel Prize in Economics 2025.

Stability is the enemy of growth: lessons from Nobel laureates on the 2025 economy

NVIDIA Corporation

Advanced Micro Devices, Inc.

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

BYD Company Limited

LVMH returned to growth, which was a sign of recovering demand for luxury goods. Gold once again became the main safe haven for investors, displacing bitcoin. Walmart agreed with OpenAI to integrate shopping into ChatGPT. Oracle and AMD announced an AI deal challenging Nvidia's leadership, and Microsoft, Nvidia and xAI are investing $40 billion in Aligned data centers. The main events of October 13-17 are in our review.

Highlights of the week: luxury rises, gold overtakes bitcoin, Walmart and OpenAI deal

On Monday, October 13, the Nobel Prize in Economics was awarded to scientists who in their research provided "an explanation for the economic growth provided by innovation". New and breakthrough technologies that change the world and increase prosperity are impossible without competition in the marketplace of ideas, the laureates showed. Yes, they are disruptive. But fighting them for the sake of stability leads to stagnation and degradation, which has happened many times in world history.