AI Snips
Chapters
Transcript
Episode notes
Wine Mistake Became A Labeling Anecdote
- Mariana recounts ordering an expensive glass of wine at a Financial Times lunch and being labeled a "Sauvignon socialist."
- The story illustrates public caricatures of her views on state intervention.
State As Co-Creator Of Tech Breakthroughs
- Mariana Mazzucato argues the state played a lead role in Silicon Valley's innovations through agencies like DARPA, NASA, and NIH.
- Public funding underwrote core technologies in smartphones and the internet, reshaping private-sector possibilities.
Governments Share Risk But Miss Rewards
- The US government often bears early-stage risk but fails to capture upside when investments succeed.
- Mazzucato shows Tesla repaid a loan that could have yielded huge profits to taxpayers if structured for equity upside.