
Mariana Mazzucato: The Entrepreneurial State: Debunking Private vs. Public Sector Myths
Long Now
The German Debt and the European Crisis
If these countries the pigs are not spending an rnd on human capital formation on education but also setting up these particular types of funding cycles then uh you know that's why you have this completely skewed competitiveness in europe. What we have today is countries like spain having cut they're publicly funded rnd spending by 40 percent since 2009 to meet new fiscal compact criteria. This is not only bad for europe it's of course also bad for the us because this european crisis will which will continue as long as you have this very different competitiveness levels will create a crisis.
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