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Quote by 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.”

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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“There is a lot of flesh to be put on the bones - but there is at least an opening for a more pragmatic, less ideological debate about how to build economies that work for people, within the limits of our planet.”

People Economy Planets Limits Bones Flesh Debate Opening Our Planet Ideological Pragmatic

Author:Mariana Mazzucato

“With a Trump administration we don't know enough yet to make predictions, but if past behavior is any indication, I am not encouraged.”

Ifs Knows Enough Past Trump Behavior Administration Predictions Indication

Author:Mariana Mazzucato

“As a businessman, Donald Trump has been associated with some of the worst excesses of a particular style of value-extracting and asset stripping capitalism: set up businesses, let them fail, avoid paying suppliers, use bankruptcy laws to avoid taxes for decades, then set up another business somewhere else. It is this model that is the cause of many problems we see today.”

Has Beens Use Problem Today Law Values Causes Failing Worst Style Particular Trump Taxes Models Capitalism Decades Assets Excess Businessman Somewhere Else Bankruptcy Stripping Suppliers

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.”

Ifs World Needs Seems Answers Focus Politician Offers Investment Spending Alternatives Bridges Infrastructure Default Austerity Imf World 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.”

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