“It's important that public funds be spent in research directions that are pushing market frontiers rather than working in existing areas. This means funding research not only on drugs but also on areas like life-style changes, even if the profit potential is lower for Big Pharma as you cannot sell that change as you can sell a medicine.” IfsMeanImportantBigsStyleDrugResearchAreasSellsMedicineProfitFundPushingFrontiersFundingLife Style Author:Mariana Mazzucato
“If we look at the complexity of the challenges facing western societies today, we see that the problems are not really about outsiders, but have their roots much closer to home.” IfsLooksProblemHomeTodayChallengesRootsWesternComplexityOutsidersWestern SocietySociety Today Author:Mariana Mazzucato
“If we want growth today to be more innovation-driven, more inclusive and more sustainable, then we need a more active state, not a less active one. Yet we still hear the dogma that we should just fix market failure by focusing on science and infrastructure, and to "level the playing field."” IfsWantNeedsShouldStillsStatesTodayGrowthLevelsFieldsInnovationActiveDrivenDogmaInfrastructurePlaying FieldsMarket Failure Author:Mariana Mazzucato
“With a Trump administration we don't know enough yet to make predictions, but if past behavior is any indication, I am not encouraged.” IfsKnowsEnoughPastTrumpBehaviorAdministrationPredictionsIndication Author:Mariana Mazzucato
“Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything. Even the IMF and the World Bank seem to mainly offer infrastructure spending as an alternative to austerity, although they are right to focus on the need for investment.” IfsWorldNeedsSeemsAnswersFocusPoliticianOffersInvestmentSpendingAlternativesBridgesInfrastructureDefaultAusterityImfWorld Bank Author:Mariana Mazzucato
“If we look at Germany's infrastructure policy, it has been driven by its mission-oriented focus on green infrastructure. This affects both innovation and infrastructure, old industries and new. The German steel industry, for example, has adapted to the policy by lowering its material content through a 'repurpose, reuse and recycle' strategy.” IfsLooksHas BeensFocusPolicyExampleMaterialsIndustryInnovationGreenStrategyMissionsDrivenGermanySteelInfrastructureAdaptedReuseSteel Industry Author:Mariana Mazzucato
