Nine to Noon with Kathryn Ryan: Mariana Mazzucato: governments must collaborate with private sector, Segment 1
Update: 2022-02-04
Description
Renowned economist Mariana Mazzucato argues that governments ought to be active co-creators and co-shapers of markets alongside the private sector. She is a is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose. She is also chairs the World Health Organization Council on the Economics of Health for All. In her latest book, Mission Economy: A Moonshot Guide to Changing Capitalism, Professor Mazzucato argues that capitalism is failing to solve a host of problems including disease, inequality, the digital divide and the environmental crisis. She points to many of the world's greatest achievements, such as the moon landing or the invention of the internet, which she says stemmed from government investment, not the private sector. What would it take to bring the best out of both public and private sectors, in pursuit of mission goals on urgent and massive challenges?
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