“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
“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
“While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to steer those investments towards transformational growth.” ImportantCoursesGrowthVisionBiggerInvestmentInfrastructureSteers 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
“My specific concerns with Trump's plans are that they are likely to investments in infrastructure where the private returns are highest (for example toll roads and bridges) rather than where the public gains are greatest.” PlansExampleReturnTrumpHighestGainsConcernInvestmentBridgesInfrastructureTolls Author:Mariana Mazzucato
