
42. Mariana Mazzucato: How consulting firms weaken business, the illusion of ‘growth’, and public vs private innovation
The Rest Is Money
Exploring Secureonomics, Public and Private Investment, and Debt to GDP Ratio
The discussion delves into the concept of Secureonomics, emphasizing the importance of a strong economic narrative to support it. The focus is on the need for both public and private investment to drive economic growth, highlighting the UK's low levels of private investment in the OECD. By strategically investing in public projects that can attract private sector investments, the economy can grow, impacting the debt to GDP ratio positively. The conversation warns against solely concentrating on reducing deficits without considering the role of investments in expanding the GDP denominator, as witnessed in some European countries post-financial crisis.
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