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Mariana Mazzucato and Stella Creasy on the Global Economy, PART 1
Intelligence Squared
The Importance of Value
A third of the book is kind of a deep dive into 300 years of history. Adam Smith actually, when he talked about the free market, didn't mean free from the state. He met free from rent value extraction, which is at the heart of this book. I wanted the verb to be there because it signifies we can change things. It's not like this static thing that there is the robber barons and then everyone else who's actually making things but getting screwed in the process. We can, you know, markets are outcomes. They can be designed. And also the markets that actually serve social purposes.
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