Economics - Innovation - Inclusive Growth - Public Purpose

Tag Archives: Entrepreneurial State

Reinforcing the Turkish entrepreneurial state: Opinion

Reinforcing the Turkish entrepreneurial state: Opinion

“Focusing on the U.S. case, Prof. Mazzucato debunks the myth that the state is a backward regressive structure while the private sector is the mother of all innovation.[…] Prof. Mazzucato’s work shows that cooperation between the public and private sectors can increase a country’s technological development, and that the neo-liberal “small state is beautiful” claim… more

The simple economic strategy the US should steal from China

The simple economic strategy the US should steal from China

“Trump and others are right to fear for US competitiveness. But instead of blaming China’s economic management, the US president should look instead at his own. As the economist Mariana Mazzucato argues, the state has long been a crucial engine of innovation—including in the US. ” Gwynn Guilford more

Elon Musk and the dangerous cliché of the disruptive visionary

Elon Musk and the dangerous cliché of the disruptive visionary

“Of course, no entrepreneur, not even Elon Musk, is an island. As Mariana Mazzucato writes in The Entrepreneurial State, Tesla, Solar City and Space X have “benefitted from $4.9 billion in local, state and federal government support, such as grants, tax breaks and investments in factory construction and subsidised loans.” ” Tom Vanderbilt  more

What we need to get a real green revolution

What we need to get a real green revolution

All eyes are on the negotiations at COP21, the United Nations Conference on Climate Change, in Paris. President Obama’s opening remarks and the recent announcement by Bill Gates and other private investors of a new fund for new green technology could be seen as encouraging signs. But do policy-makers now have the courage to realise that to truly transform economies in a green direction the state must actively tilt the playing field?
We cannot rely on the private sector to bring about the kind of radical reshaping of the economy that is required. As Bill Gates recently acknowledged, only the state can provide the kind of patient finance required to make a decisive shift. In this, the hoped for green revolution must learn the lessons of the IT revolution: it will require not only massive more