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The Rest Is Money
81. Can Starmer’s mission-led government fix the economy?
Aug 4, 2024
Mariana Mazzucato, an expert renowned for her concept of 'mission-led government', joins Robert and Steph to dissect Labour’s ambitious five missions. They delve into whether these initiatives can genuinely stimulate economic growth. Mazzucato critiques the current spending audit and highlights the importance of large-scale public investments for societal benefits. The conversation emphasizes collaboration as a driving force for innovation, drawing parallels to successful partnerships like AstraZeneca and Oxford University during the pandemic.
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Quick takeaways
- The effectiveness of a mission-led government hinges on transforming ambitious goals into actionable strategies that attract genuine investment.
- A focus on long-term planning and measurable outcomes is essential for a productive investment environment and reducing economic disparities.
Deep dives
The Concept of Mission-Led Government
The idea of mission-led government is presented as a vital approach for driving economic growth and innovation. It is emphasized that simply using the term 'mission' is insufficient; the missions must catalyze both public and private sector investment. The specific example of Britain's aim to become a clean superpower was highlighted as a mission that aligns well with clear objectives. However, the real challenge lies in converting such missions into actionable strategies that can inspire genuine investment in various sectors, rather than merely serving as political rhetoric.
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