Home / Quotes / Quote by Mariana Mazzucato

Quote by 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.”

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

You May Also Like

“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.”

Important Courses Growth Vision Bigger Investment Infrastructure Steers

Author:Mariana Mazzucato

“We should be investing where the public returns are greatest - that is in innovation.”

Should Return Innovation Investing

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.”

Ifs Looks Has Beens Focus Policy Example Materials Industry Innovation Green Strategy Missions Driven Germany Steel Infrastructure Adapted Reuse Steel 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.”

Plans Example Return Trump Highest Gains Concern Investment Bridges Infrastructure Tolls

Author:Mariana Mazzucato

“Green is not just about renewable energy. It's also about creating a new direction for the whole economy. This requires government to step up, not step back, creating the kinds of mission-oriented public organizations that will enable us to tackle climate change - as ambitious as those that got us to the moon. It also requires the financial sector to be less short-term since we know that short-term finance has distorted incentives and directions in areas like biotechnology.”

“An interesting attribute of public banks is that they don't only de-risk the downside, but also get a share of the upside.”

Interesting Risk Share Attributes

Author:Mariana Mazzucato

“Brexit and Trump's election are forcing countries to come up with new radical ideas.”

Ideas Country Trump Election Come Up Radical Radical Ideas

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.”

Mean Roles Capitalism Finance Private Sector Public Sector Rethinking

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.”

States Social Growth Term Deals Risk Modern Needed Innovation Investment Rewards Missions Compact New Deal

Author:Mariana Mazzucato

“You know, I'm, like, a smart person.”

Knows Persons Smart Smart Person

Author:Donald Trump