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The Rest Is Money
42. Mariana Mazzucato: How consulting firms weaken business, the illusion of ‘growth’, and public vs private innovation
Mar 22, 2024
Economist Mariana Mazzucato challenges the influence of consulting firms on government decisions and advocates for innovative, inclusive growth strategies. She emphasizes the importance of strategic public investment, balancing social and economic priorities, leadership failures in the public sector, unexpected recognition from Pope Francis, and navigating inequality and algorithmic rents in the AI era.
54:45
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Quick takeaways
- Strategic public investments stimulate private sector growth, essential for UK economy.
- Austerity neglect of public and private investments hampers sustainable growth post-crisis.
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Mariana Mazzucato's View on Growth in the UK Economy
Mariana Mazzucato, a renowned economist, emphasizes the importance of strategic public and private investment to drive growth in the UK economy. She highlights the crucial role of both sectors in catalyzing expansion, pointing out the need for bold, mission-oriented public investments to stimulate private sector involvement. By focusing on increasing productive capacity through strategic investments, Mazzucato underscores the significance of addressing lagging growth in the UK.
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