Mariana Mazzucato on the Value of Everything
EconTalk
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The Importance of Public Investment in the Pharmaceutical Industry
There's all sorts of different ways that government could get a return. One could be equity, which AT&T was forced to reinvest its profits in order to retain its monopoly status. There could also be conditions on the IPR, so the patent system. We don't just socialize risks, but also socialize rewards," he says.
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