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Quote by 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.”

Quote by Mariana Mazzucato

Author

Mariana Mazzucato

Mariana Mazzucato is an author specializing in economics and innovation. Born on June 16, 1968, she has made notable contributions to the field of economics, focusing on the state's role in economic development and the significance of innovation. more

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“Shareholder value theory - the destructive idea that companies should be run solely for the benefit of shareholders - has led to financialized businesses that do not invest in the areas that will lead to future growth or the invention of useful new products.”

Should Ideas Running Values Growth Company Products Theory Benefits Areas Invention Destructive Shareholders New Products Future Growth Shareholder Value

Author:Mariana Mazzucato

“Companies prefer to put money in the pockets of shareholders or to hoard cash rather than to raise wages or invest.”

Company Raises Pockets Cash Wages Shareholders

Author:Mariana Mazzucato

“Mainstream economic theories popular in the last several decades have tended to downplay the government's role in markets and to increase skepticism about even that more limited role. Austerity, particularly in Europe, has added to the problem. It has not worked, even on its own terms.”

Problem Government Lasts Term Roles Economic Theory Europe Increase Decades Mainstream Skepticism Austerity Economic Theory

Author:Mariana Mazzucato

“Markets are not static entities that are 'intervened' in (for good or bad) but are outcomes of public and private interactions.”

Outcomes Interaction Entity Static

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.”

Should States Opportunity Process Growth Views Deals Policy Creating Investment Active Cooperation Spurs Negotiating New Opportunity

Author:Mariana Mazzucato

“Germany is using its Energiewende policy as a way of envisioning a green transformation and innovation across many sectors.”

Way Policy Transformation Innovation Green Germany Envisioning

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."”

Ifs Want Needs Should Stills States Today Growth Levels Fields Innovation Active Driven Dogma Infrastructure Playing Fields Market Failure

Author:Mariana Mazzucato

“Fixing markets isn't enough. We have to actively shape and create them and tilt the playing field in the direction of the growth we want.”

Want Enough Growth Fields Shapes Fixing Playing Fields Tilt

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.”

Problem Opportunity Challenges Trump Capitalism Investment Relief Technological

Author:Mariana Mazzucato

“Brexit has shrunk the market opportunities. Exiting trade deals will do the same for the U.S. Those deals must be actively shaped and governed to make growth more inclusive.”

Opportunity Growth Deals Trade

Author:Mariana Mazzucato