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… — Mariana Mazzucato Copy Share Image
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… — Mariana Mazzucato Copy Share
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… — Mariana Mazzucato Copy Share
Rethinking capitalism means rethinking the role of the public sector, the role of the private sector, the role of finance, and the relationship between… — Mariana Mazzucato Copy Share
Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything.… — Mariana Mazzucato Copy Share
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,… — Mariana Mazzucato Copy Share
Our current model of capitalism and the dominant ideas in policy making have led to a failure of investment by both the public and… — Mariana Mazzucato Copy Share
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… — Mariana Mazzucato Copy Share
Brexit and Trump have brought the problems of capitalism into sharp relief, but both are only making things worse. Take the investment challenge -… — Mariana Mazzucato Copy Share
While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to… — Mariana Mazzucato Copy Share
Brexit and Trump's election are forcing countries to come up with new radical ideas. — Mariana Mazzucato Copy Share
There is a lot of flesh to be put on the bones - but there is at least an opening for a more pragmatic,… — Mariana Mazzucato Copy Share
Once we admit that the public sector takes an immense amount of risk along the entire innovation chain, it becomes crucial to find ways… — Mariana Mazzucato Copy Share
The globalized nature of production and innovation means that the benefits don't necessarily stay in the country where the investments are made. — Mariana Mazzucato Copy Share
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… — Mariana Mazzucato Copy Share
An interesting attribute of public banks is that they don't only de-risk the downside, but also get a share of the upside. — Mariana Mazzucato Copy Share
