“Government support is not only investing in upstream areas like basic research, but also in downstream areas like applied research and early-stage financing for the companies themselves. This means there are great risks.” MeanGovernmentCompanySupportRiskStageResearchAreasInvestingFinancingGreat RiskBasic Research Author:Mariana Mazzucato
“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
“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
“Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship between them all.” MeanRolesCapitalismFinancePrivate SectorPublic SectorRethinking Author:Mariana Mazzucato
