Do modern economies reward the extractors – not the creators – of economic value? Leading economist Mariana Mazzucato urges us to rethink how we determine value in our economy.
At the heart of the crisis in modern capitalism, she says, lies the blurred line between ‘taking’ and ‘making’; those who merely extract value are rewarded more highly than those who create it, generating perverse incentives and stifling a productive, healthy economy and society. In order to replace this broken system with a more sustainable, symbiotic capitalism, we must reconsider fundamental assumptions about what we value.
This event was recorded live at The RSA on Thursday 26th April 2018. Discover more about this event here: https://www.thersa.org/events/2018/04/redefining-economic-value