The problem is that the public sector has become downscaled and also not allowed actually to even have missions and to think big. The bigger question is, what kind of bridge? What kind of infrastructure? What type of hospital? How? And then this focus on the debt, it's striking. If you don't have a smart, strategic public sector, if you don’t have the right kind of collaborations and cooperation between different partners, the irony is that you can cut, cut, and cut and you still have a high debt because or debt to GDP.
This is the second part of a two-part interview. Recorded in 2018, economist and author Mariana Mazzucato discusses her book, The Value of Everything, with UK Labour MP Stella Creasy. It's a wide-ranging discussion looking at how real wealth is created in our economy and how we can measure the true worth of both infrastructure and services. Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London.
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