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Mariana Mazzucato: The Entrepreneurial State: Debunking Private vs. Public Sector Myths

Long Now

CHAPTER

The Importance of Taxes in Innovation

50% of gains in the IT revolution era have gone to the 1%, 99% problem, he says. He argues that it's about value extraction and we haven't had a right story on who is actually contributing to the process. Government should be able to reap back its reward from venture capital investments like those made by Kleiner Perkins for Genentech but hasn't done so because they're not admitted as Venture Capitalists. "For every Tesla, you have 10 salindras" - John MacIntosh.

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