The Rest Is Money cover image

42. Mariana Mazzucato: How consulting firms weaken business, the illusion of ‘growth’, and public vs private innovation

The Rest Is Money

CHAPTER

Strategic Investment for Economic Growth

The chapter emphasizes the importance of strategic public investment to attract private sector investment and foster economic growth, highlighting the impact of fiscal rules on debt ratios. It discusses the negative consequences of austerity measures post-financial crisis and advocates for productive borrowing for enhancing productivity and driving growth. The narrative underscores the significance of clear missions and outcomes-oriented procurement strategies in transforming economies and driving technological advancements.

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