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Mission Economy: A Moonshot Guide to Changing Capitalism | Mariana Mazzucato

Hidden Forces

CHAPTER

The Importance of Trust in Government

The pandemic came when we were already hobbled. We had chronically low economic growth, partly due to the large overhang of private sector debt that accumulated after the previous financial crisis. But we were also dealing with a huge deficit of credibility in government. So I think that you can either look at this as just a deterministic history that once upon a time there were really smart people in government and they knew how to negotiate contracts and now we no longer have those people. Oh dear, this is what happens.

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