I often use the iPhone as an example of how governments shape markets, because what makes the iPhone ‘smart’ and not stupid is what you can do with it. And yes, everything you can do with an iPhone was government-funded.… — Mariana Mazzucato Copy Share Image
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… — 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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
Brexit and Trump's election are forcing countries to come up with new radical ideas. — Mariana Mazzucato Copy Share Image
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 Image
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 Image
