The Crisis of Modern Day Capitalism, with Mariana Mazzucato

Capitalism as we know it isn’t really working, according to economist and author Mariana Mazzucato. Take the current concrete crisis across UK schools. For Mazzucato, that’s a case of too little being spent on the school buildings themselves. But there’s another problem: lax regulation. If we continue to weaken the rules in the name of a stronger economy, she says, we risk tragedy. 

Mazzucato, a professor in the economics of innovation and public value at University College London, joins this week’s episode of In the City to discuss the re-release of her book, The Entrepreneurial State: Debunking Public vs. Private Sector Myths. The book has been credited with provoking widespread debate about the role of government in innovation.

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