“The globalized nature of production and innovation means that the benefits don't necessarily stay in the country where the investments are made.” MeanMadeCountryBenefitsInnovationInvestmentProductions Author:Mariana Mazzucato
“Our current model of capitalism and the dominant ideas in policy making have led to a failure of investment by both the public and the private sector in the things that drive productivity, and which affect its distribution.” IdeasPolicyModelsCapitalismInvestmentCurrentsProductivityDominantDistributionPrivate SectorPolicy Making Author:Mariana Mazzucato
“In my view, the state should be active and work in cooperation with private businesses to spur growth that's sustainable and inclusive. The policy process is about co-creating and co-shaping of markets, creating new opportunities for business investment - and negotiating a better deal for the public too.” ShouldStatesOpportunityProcessGrowthViewsDealsPolicyCreatingInvestmentActiveCooperationSpursNegotiatingNew Opportunity Author:Mariana Mazzucato
“Brexit and Trump have brought the problems of capitalism into sharp relief, but both are only making things worse. Take the investment challenge - businesses invest where there they see technological or market opportunity.” ProblemOpportunityChallengesTrumpCapitalismInvestmentReliefTechnological 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
“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
“What is needed is both a New Deal in terms of mission-oriented investments but also a new deal in terms of a modern social compact - one that allows the state to socialize not only risks but also rewards. Maybe then innovation-led growth will also become growth that includes all of us.” StatesSocialGrowthTermDealsRiskModernNeededInnovationInvestmentRewardsMissionsCompactNew Deal Author:Mariana Mazzucato
