Mariana Mazzucato and Stella Creasy on Making and Taking in the Global Economy, PART 1
Intelligence Squared
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The Importance of Private Finance
The bedroom tax is a great example of where when this thinking goes wrong, not only does it lead to some horrific outcomes. A lot of what you write in your book echoes how we got here because governments of all colors have done private borrowing. It's basically like taking out a payday loan for the public sector and it's a loan that you can't then cut back on the costs or because the way these contracts are written, the bank always wins. There is no ability for communities to be able to generate the kind of investment that makes sense to them at a cost and a price that actually is productive.
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