What is needed is both a New Deal in terms of…
“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.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
A modern social contract should let the state share both risks and rewards of innovation, ensuring inclusive growth.
In simple terms: State should share risks and rewards.
Key Takeaway
Promote shared risk‑reward models.
Themes
economics
innovation
social equity
Mood
optimistic
serious
Type
policy
visionary
When to use this quote
- policy design
- investment strategy
Key Concepts
public‑private partnership
inclusive growth
risk sharing
Questions to Reflect On
- What incentives can align private innovation with public good?
- How to measure shared rewards?
A Different Perspective
Corporate;;policy debates